American Tower
AMT-N
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About American Tower (AMT-N)
American Tower Corporation is a publicly held company, owner and operator of wireless and broadcast communications infrastructure in several countries. American Tower is headquartered in Boston, Massachusetts and has local offices worldwide.
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Expert
TOP PICK
TOP PICK
October 4, 2019
The largest owners of cell phone towers in the world. Between 150,000-200,000 cell towers around the world. As we move to 5G technology, new equipment will be required on more towers -- all good for them. Yield 1.68% (Analysts’ price target is $222.67)
The largest owners of cell phone towers in the world. Between 150,000-200,000 cell towers around the world. As we move to 5G technology, new equipment will be required on more towers -- all good for them. Yield 1.68% (Analysts’ price target is $222.67)
Telecommunications
DON'T BUY
DON'T BUY
September 18, 2019
A 5G play? AMT-N did run into a technical break point at $235. Fundamentally, it is extremely highly valued -- 60% over valued by his models. There is an acceleration in current stock price move that he attributes to the 5G influence. You are paying for it now as it pays out most of its earnings in a dividend -- $3.68 per share -- that has a high payout ratio. You are speculating at this point. He would not buy here.
A 5G play? AMT-N did run into a technical break point at $235. Fundamentally, it is extremely highly valued -- 60% over valued by his models. There is an acceleration in current stock price move that he attributes to the 5G influence. You are paying for it now as it pays out most of its earnings in a dividend -- $3.68 per share -- that has a high payout ratio. You are speculating at this point. He would not buy here.
Telecommunications
PARTIAL BUY
PARTIAL BUY
September 12, 2019
It dropped more than the S&P. The trend was up and to the right. This is a good purchase. If we break through $208 then we are headed to $196. Take half your position now.
It dropped more than the S&P. The trend was up and to the right. This is a good purchase. If we break through $208 then we are headed to $196. Take half your position now.
Telecommunications
HOLD
HOLD
September 11, 2019
Down 30% last month! It should be a steady-Eddy story, but the change in interest rates has been negative on this. He likes XLRE-N as it holds 40% in data centres and towers. At the end of the day, apps files and photos all require more data-bytes which will be going through 5G towers. If strong economic rates resume, this will likely get beaten up. He will likely be stopped out of his position.
Down 30% last month! It should be a steady-Eddy story, but the change in interest rates has been negative on this. He likes XLRE-N as it holds 40% in data centres and towers. At the end of the day, apps files and photos all require more data-bytes which will be going through 5G towers. If strong economic rates resume, this will likely get beaten up. He will likely be stopped out of his position.
Telecommunications
TOP PICK
TOP PICK
September 11, 2019
Owns and operates wireless communications towers globally. Primarily in US, Brazil, and India. Good time to buy this week with the mini-selloff. Lots of runway for growth, as we need the cell phone data. Great long-term, secular growth rate. Yield is 1.73%. (Analysts’ price target is $220.80)
Owns and operates wireless communications towers globally. Primarily in US, Brazil, and India. Good time to buy this week with the mini-selloff. Lots of runway for growth, as we need the cell phone data. Great long-term, secular growth rate. Yield is 1.73%. (Analysts’ price target is $220.80)
Telecommunications
COMMENT
COMMENT
August 27, 2019
American Tower is participating in the 5G evolution in the US. Their problem is being a REIT, it creates all sorts of tax issues for Canadian investors. In the build out of 5G, a lot of smaller towers are required -- not exactly their forte. Crown Castle is probably better in this space.
American Tower is participating in the 5G evolution in the US. Their problem is being a REIT, it creates all sorts of tax issues for Canadian investors. In the build out of 5G, a lot of smaller towers are required -- not exactly their forte. Crown Castle is probably better in this space.
Telecommunications
BUY
BUY
July 8, 2019
Unsightly towers are put up all across the country and then carriers put equipment on these towers to transmit frequencies. Once the tower is built there is really no more expense to the company. They collect rent from the carriers. As you add them to your tower, your margins skyrocket. 5-G will be the dominant theme over the wireless space but it will be very lumpy. Carriers will have to deploy small cells between towers. He does not expect this to be the dominant theme in the near term.
Unsightly towers are put up all across the country and then carriers put equipment on these towers to transmit frequencies. Once the tower is built there is really no more expense to the company. They collect rent from the carriers. As you add them to your tower, your margins skyrocket. 5-G will be the dominant theme over the wireless space but it will be very lumpy. Carriers will have to deploy small cells between towers. He does not expect this to be the dominant theme in the near term.
Telecommunications
DON'T BUY
DON'T BUY
June 17, 2019
He prefers another name, Crown Castle, CCI-N, which does the same thing as AMT-N, but trades at a 2-multiple point discount to American Tower. AMT is the bellweather, but CCI benefits from the towers they run but also in small-cell applications, which is like the next generation of 5G. CCI also pays a nice dividend and benefits from lower rates.
He prefers another name, Crown Castle, CCI-N, which does the same thing as AMT-N, but trades at a 2-multiple point discount to American Tower. AMT is the bellweather, but CCI benefits from the towers they run but also in small-cell applications, which is like the next generation of 5G. CCI also pays a nice dividend and benefits from lower rates.
Telecommunications
BUY WEAKNESS
BUY WEAKNESS
June 12, 2019
5G? He bought into this back in Q1. It is a REIT of commercial towers around the world. He has a target of $223 -- very close to market. Yield 1.8%
5G? He bought into this back in Q1. It is a REIT of commercial towers around the world. He has a target of $223 -- very close to market. Yield 1.8%
Telecommunications
BUY WEAKNESS
BUY WEAKNESS
May 22, 2019
Has a growth rate of about 15% and low volatility. There is a lot of catalyst for this stock to continue to rise higher. Good name to own.
Has a growth rate of about 15% and low volatility. There is a lot of catalyst for this stock to continue to rise higher. Good name to own.
Telecommunications
BUY
BUY
May 21, 2019
They build towers for telcos. They've grown with 3G and 4G and they should be a major beneficiary of 5G. Trades at 25X earnings, very well run company, it's global. Great growth overseas as land lines have disappeared in places like India.
They build towers for telcos. They've grown with 3G and 4G and they should be a major beneficiary of 5G. Trades at 25X earnings, very well run company, it's global. Great growth overseas as land lines have disappeared in places like India.
Telecommunications
BUY WEAKNESS
BUY WEAKNESS
April 4, 2019
Interest rates are waning now and REITs like this perform well in this environment. Low beta stock of 0.7. They own and lease cell towers. Lots of runway for growth in this sector. Particularly in EM. Great visibility. Interesting name long-term but it went a little too high now.
Interest rates are waning now and REITs like this perform well in this environment. Low beta stock of 0.7. They own and lease cell towers. Lots of runway for growth in this sector. Particularly in EM. Great visibility. Interesting name long-term but it went a little too high now.
Telecommunications
BUY WEAKNESS
BUY WEAKNESS
March 13, 2019
A great company and likely a good long-term hold, but it keeps setting new highs. It has great prospects for growth with the influx of 5G. It's structured like a REIT so they payout 90% of income. The yield has fallen to 1.9% because the stock has zoomed up. The 50-day moving average is $170 so look for that level.
A great company and likely a good long-term hold, but it keeps setting new highs. It has great prospects for growth with the influx of 5G. It's structured like a REIT so they payout 90% of income. The yield has fallen to 1.9% because the stock has zoomed up. The 50-day moving average is $170 so look for that level.
Telecommunications
COMMENT
COMMENT
December 6, 2018
He is watching it now. Many of the REITs in Canada are staring to perform. Yields moving up are less of a concern now. Dividend should increase over time. He still prefers the staples and health care names.
He is watching it now. Many of the REITs in Canada are staring to perform. Yields moving up are less of a concern now. Dividend should increase over time. He still prefers the staples and health care names.
Telecommunications
BUY
BUY
May 23, 2018
REITs as a whole are having a tough time with rising interest rates. However, American Tower is one of the highest-growth REITs, performing well ahead of its peers. Own it for a rising dividend. It is not economically sensitive. AMT is great if you're looking for an income stream though the shares may not rocket higher. A good income-producing stock.
REITs as a whole are having a tough time with rising interest rates. However, American Tower is one of the highest-growth REITs, performing well ahead of its peers. Own it for a rising dividend. It is not economically sensitive. AMT is great if you're looking for an income stream though the shares may not rocket higher. A good income-producing stock.
Telecommunications
David Burrows
President & Chief Investment Strategist, Barometer Capital Management
$136.830
Unknown
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