American Tower (AMT) Stock Price, Fundamentals & Analysis

What AMT does

American Tower (AMT) is one of the largest global REITs and a leading independent owner, operator, and developer of multitenant communications real estate. It operates a portfolio of over 148,000 communications sites and a highly interconnected footprint of U.S. data center facilities. Incorporated in 1995 in Delaware and headquartered in Boston, United States, it is part of the S&P 500.

Key numbers explained

• The current price is 170.78 USD, down 2.55% today.
• The trailing P/E ratio of 23.5 shows how much investors pay per dollar of the last 12 months' earnings; the forward P/E ratio of 24.4 uses expected future earnings.
• The dividend yield is 4.09%, meaning the annual dividend represents about 4% of the current price.
• The ex-dividend date is Sep 30, 2026; 96% of earnings are paid out as dividends.
• The beta of 0.9 suggests the stock tends to move slightly less than the overall market.
• The 52-week range is 160.06 – 197.41, and the price is down 9.2% over the past year.
• Revenue for the trailing 12 months is 10.94 mld. USD, growing 4.7% year over year.
• The profit margin is 31.1% and the operating margin is 45.4%, showing how much of each revenue dollar remains as profit after costs and operating expenses.
• The return on equity is 33.9%, indicating strong earnings relative to shareholders' equity.
• The debt-to-equity ratio of 438.7% reflects a high level of debt compared to equity, common for REITs that use leverage to finance large property portfolios.
• The price-to-book ratio of 21.39 compares the market price to the book value of assets, often elevated for REITs with valuable land and infrastructure.

Recent news

• A new board voice on talent and governance was added at American Tower.
• Analysts have noted that American Tower stock could be 41% undervalued on cash flow.
• American Tower was upgraded to Buy, and the company priced 1.6 billion USD in notes.
• Crown Castle cut its dividend, prompting questions about whether what remains is worth owning for income.

What to watch

For a REIT like American Tower, investors typically monitor interest rates, occupancy and rental rates at communications sites, and capital expenditure plans. The high debt-to-equity ratio means changes in borrowing costs can affect earnings and dividend sustainability. As a peer in the REIT - Specialty space, Crown Castle (CCI) offers a comparison point for tower and infrastructure exposure.