American Tower

AMT-N

NYSE:AMT

239.05
1.22 (0.51%)
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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Analysis and Opinions about AMT-N

Signal
Opinion
Expert
BUY
BUY
January 14, 2020
A top REIT. They charge the top US cell phone companies rents to put their equipment on their towers. An excellent long-term buy.
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American Tower (AMT-N)
January 14, 2020
A top REIT. They charge the top US cell phone companies rents to put their equipment on their towers. An excellent long-term buy.
TOP PICK
TOP PICK
November 21, 2019
Develops and owns wireless communication and broadcast towers globally. Need for a lot of data is as unavoidable as death and taxes. Data consumption in US is doubling every two years. Good defensive name. Yield is 1.78%. (Analysts’ price target is $222.53)
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American Tower (AMT-N)
November 21, 2019
Develops and owns wireless communication and broadcast towers globally. Need for a lot of data is as unavoidable as death and taxes. Data consumption in US is doubling every two years. Good defensive name. Yield is 1.78%. (Analysts’ price target is $222.53)
HOLD
HOLD
November 20, 2019
AMT vs CCI? AMT has been a gift that keeps on giving. In the REIT space, it has great dividend growth. 5G is coming down the pipe and they are well positioned. Tactically, there may be some re-allocation going on that may cause some pull back. CCI is similar and both offer dividend growth.
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American Tower (AMT-N)
November 20, 2019
AMT vs CCI? AMT has been a gift that keeps on giving. In the REIT space, it has great dividend growth. 5G is coming down the pipe and they are well positioned. Tactically, there may be some re-allocation going on that may cause some pull back. CCI is similar and both offer dividend growth.
COMMENT
COMMENT
October 28, 2019
Infrastructure. They own cell phone towers. They've had a good run over the last 3 years. They penetrate in areas around the world, and a play on cell phone usage. Not a bad stock, but long-term he prefers Brookfield Infrastructure for its geographic diversity.
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American Tower (AMT-N)
October 28, 2019
Infrastructure. They own cell phone towers. They've had a good run over the last 3 years. They penetrate in areas around the world, and a play on cell phone usage. Not a bad stock, but long-term he prefers Brookfield Infrastructure for its geographic diversity.
BUY WEAKNESS
BUY WEAKNESS
October 25, 2019
Almost a REIT for the wireless business in the US -- as they rent space on the towers to large cell providers. However, AMT is a bit expensive with 20 times multiples. 50% of their business is outside the US, so the name is a bit misleading. They are still deploying 4G LTE in the developing markets and now 5G is rolling out.
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American Tower (AMT-N)
October 25, 2019
Almost a REIT for the wireless business in the US -- as they rent space on the towers to large cell providers. However, AMT is a bit expensive with 20 times multiples. 50% of their business is outside the US, so the name is a bit misleading. They are still deploying 4G LTE in the developing markets and now 5G is rolling out.
BUY
BUY
October 24, 2019
One of the few names where he is comfortable that they will continue their growth trajectory over 10 years. 5 G is the next area of growth. There is consensus that you have to put your 5 G equipment on the towers.
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American Tower (AMT-N)
October 24, 2019
One of the few names where he is comfortable that they will continue their growth trajectory over 10 years. 5 G is the next area of growth. There is consensus that you have to put your 5 G equipment on the towers.
BUY
BUY
October 24, 2019
One of the best ways to play 5G. Low beta, which you want at this point in the cycle. Growth potential. US, Brazil, India. We're doubling our consumption of data every 3 years. Toll booth business. Nice dividend of 1.7%.
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American Tower (AMT-N)
October 24, 2019
One of the best ways to play 5G. Low beta, which you want at this point in the cycle. Growth potential. US, Brazil, India. We're doubling our consumption of data every 3 years. Toll booth business. Nice dividend of 1.7%.
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)
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American Tower (AMT-N)
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)
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.
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American Tower (AMT-N)
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.
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.
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American Tower (AMT-N)
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.
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.
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American Tower (AMT-N)
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.
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)
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American Tower (AMT-N)
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)
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.

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American Tower (AMT-N)
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.

Don Lato

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Price
$229.790
Owned
Unknown
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.
Show full opinionHide full opinion
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.
Varun Anand

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Price
$208.950
Owned
Unknown
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.
Show full opinionHide full opinion
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.
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