American Tower

AMT-N

NYSE:AMT

267.39
3.80 (1.44%)
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

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Opinion
Expert
COMMENT
COMMENT
May 6, 2020

He does not own AMT today. In 5G, he prefers CSCO and NOK.

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He does not own AMT today. In 5G, he prefers CSCO and NOK.

TOP PICK
TOP PICK
May 4, 2020
There is so much more data usage working from home. 5G is coming and will be revolutionary. They will charge more rent on towers for the equipment. He loves it. (Analysts’ price target is $262.50)
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There is so much more data usage working from home. 5G is coming and will be revolutionary. They will charge more rent on towers for the equipment. He loves it. (Analysts’ price target is $262.50)
PARTIAL BUY
PARTIAL BUY
March 31, 2020

As a 5G play? Entry point? Buy some now, if you don't own it, then follow it and buy another tranche. He buys in systems of three tranches. AMT is a leader in towers for 5G. They are aggressive in Africa. They pay a decent yield below 2% that they likely won't increase this year as in past years.

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American Tower (AMT-N)
March 31, 2020

As a 5G play? Entry point? Buy some now, if you don't own it, then follow it and buy another tranche. He buys in systems of three tranches. AMT is a leader in towers for 5G. They are aggressive in Africa. They pay a decent yield below 2% that they likely won't increase this year as in past years.

DON'T BUY
DON'T BUY
March 9, 2020
A huge player in cell phone towers. They are in an amazing position. Unfortunately their shares are too expensive for him. There is other stuff on sale.
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A huge player in cell phone towers. They are in an amazing position. Unfortunately their shares are too expensive for him. There is other stuff on sale.
BUY
BUY
March 5, 2020
It has benefited from a secular change. With 5G you are making a bet on that with this stock as it will give them continued growth. They are stable and global and you always have to weigh global risk.
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It has benefited from a secular change. With 5G you are making a bet on that with this stock as it will give them continued growth. They are stable and global and you always have to weigh global risk.
BUY
BUY
February 27, 2020
Likes it. Largest operator of wireless towers. A lease on data. Consumption of data is increasing. Low beta vs. the S&P. Won't jump as much when the market bounces, but a nice long-term name to own.
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American Tower (AMT-N)
February 27, 2020
Likes it. Largest operator of wireless towers. A lease on data. Consumption of data is increasing. Low beta vs. the S&P. Won't jump as much when the market bounces, but a nice long-term name to own.
BUY
BUY
February 14, 2020

For a 5G play, he would bet on Apple because everyone will need to buy a new phone. American Tower is a 5G play, and they charge rent from telecomms for their towers and equipment. They can't lose in that opportunity. The company is also figuring out new ways to increase the rent base.

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American Tower (AMT-N)
February 14, 2020

For a 5G play, he would bet on Apple because everyone will need to buy a new phone. American Tower is a 5G play, and they charge rent from telecomms for their towers and equipment. They can't lose in that opportunity. The company is also figuring out new ways to increase the rent base.

BUY
BUY
February 12, 2020

This REIT has growth, and growth is more important than a high yield. This plays directly into 5G beautifully. He owns few REITs but likes this one.

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American Tower (AMT-N)
February 12, 2020

This REIT has growth, and growth is more important than a high yield. This plays directly into 5G beautifully. He owns few REITs but likes this one.

BUY
BUY
February 10, 2020
They are dominant in the US. They don’t have the small tower business but they have a global footprint. There are many markets globally that are not mature. This is a business he really likes.
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American Tower (AMT-N)
February 10, 2020
They are dominant in the US. They don’t have the small tower business but they have a global footprint. There are many markets globally that are not mature. This is a business he really likes.
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.

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.
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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.
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.
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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.
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%
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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%
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.
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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.
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.
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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.
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.
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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.
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.
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American Tower (AMT-N)
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.
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.
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American Tower (AMT-N)
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.
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.

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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.

PARTIAL BUY
PARTIAL BUY
January 29, 2018

This has the cell towers and fiber-optic networks that are going through all US cities. He is more attracted to the bonds than to the stocks, because it is a highly leveraged company. They are on the edge of investment grade, so a downturn could hurt. Demand for speed and 5G is coming and is going to be an opportunity. If you want to go into a company like this, the volatility is going to be very high, so you only want to go in with a half position, and manage it over time.

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American Tower (AMT-N)
January 29, 2018

This has the cell towers and fiber-optic networks that are going through all US cities. He is more attracted to the bonds than to the stocks, because it is a highly leveraged company. They are on the edge of investment grade, so a downturn could hurt. Demand for speed and 5G is coming and is going to be an opportunity. If you want to go into a company like this, the volatility is going to be very high, so you only want to go in with a half position, and manage it over time.

BUY
BUY
January 15, 2018

Owns cell towers in the US. Did extremely well for quite a while. Believes it has big exposure in Mexico. As we move into 5G coverage, more and more cell towers are needed. The opportunity for these companies to put in more towers is huge. They are expensive stocks, but if you want pure growth where you can sleep well at night, this is one. Buy and hold, and you will be fine in the long run.

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American Tower (AMT-N)
January 15, 2018

Owns cell towers in the US. Did extremely well for quite a while. Believes it has big exposure in Mexico. As we move into 5G coverage, more and more cell towers are needed. The opportunity for these companies to put in more towers is huge. They are expensive stocks, but if you want pure growth where you can sleep well at night, this is one. Buy and hold, and you will be fine in the long run.

BUY WEAKNESS
BUY WEAKNESS
December 20, 2017

Basically cell phone towers sit on top of buildings and in the middle of fields, etc. When this was initially listed, it had a huge run and the market actually processed it as a REIT. With a rising yield, the valuation climbed, and the stock continued having a huge run. At these levels, the argument would be how much more money can you squeeze out of them. Start thinking about companies that spin the tower businesses out. The business is a very good business. Telcos have to pay them. Without them, you can't run a telco network. He wouldn't buy at these levels.

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American Tower (AMT-N)
December 20, 2017

Basically cell phone towers sit on top of buildings and in the middle of fields, etc. When this was initially listed, it had a huge run and the market actually processed it as a REIT. With a rising yield, the valuation climbed, and the stock continued having a huge run. At these levels, the argument would be how much more money can you squeeze out of them. Start thinking about companies that spin the tower businesses out. The business is a very good business. Telcos have to pay them. Without them, you can't run a telco network. He wouldn't buy at these levels.

COMMENT
COMMENT
December 7, 2017

Has no real estate in his portfolio, but there are going to be a few names that have done well and will probably continue to do so, and this is such a company. All they do is sell cell phone towers. It gives you about a 2% dividend yield, which should be pretty safe and secure.

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American Tower (AMT-N)
December 7, 2017

Has no real estate in his portfolio, but there are going to be a few names that have done well and will probably continue to do so, and this is such a company. All they do is sell cell phone towers. It gives you about a 2% dividend yield, which should be pretty safe and secure.

COMMENT
COMMENT
September 19, 2017

A bit of a complicated valuation exercise when you look at it, because it looks expensive on a price/earnings ratio, but really is not. It’s treated more like a real estate investment trust. The street looks at it on an adjusted funds from operations standpoint. When you look at it that way, it compares reasonably well against its major competitors. Growing very well internationally, but stumbling a little domestically. If you take a position, do it as part of a balanced portfolio. He wouldn’t put a lot of risk capital into it.

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American Tower (AMT-N)
September 19, 2017

A bit of a complicated valuation exercise when you look at it, because it looks expensive on a price/earnings ratio, but really is not. It’s treated more like a real estate investment trust. The street looks at it on an adjusted funds from operations standpoint. When you look at it that way, it compares reasonably well against its major competitors. Growing very well internationally, but stumbling a little domestically. If you take a position, do it as part of a balanced portfolio. He wouldn’t put a lot of risk capital into it.

COMMENT
COMMENT
June 28, 2017

Although a REIT, it can generally be grouped into technology, which tends to do well from September until the end of the year. Average gain on a seasonal perspective is about 10%. Yesterday, this gapped higher. When you have these " gap moves higher", it acts as a point of support for any retracement. It pulled back today and is testing that level of support. That is a level you want to be shooting off of. If it trades below that, trim your positions and look to the less cyclical parts of the market. Right now, there is support at the 20-day moving average and the moving averages are still moving higher. There could be a slight retracement, but everything looks positive on a long-term basis.

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Although a REIT, it can generally be grouped into technology, which tends to do well from September until the end of the year. Average gain on a seasonal perspective is about 10%. Yesterday, this gapped higher. When you have these " gap moves higher", it acts as a point of support for any retracement. It pulled back today and is testing that level of support. That is a level you want to be shooting off of. If it trades below that, trim your positions and look to the less cyclical parts of the market. Right now, there is support at the 20-day moving average and the moving averages are still moving higher. There could be a slight retracement, but everything looks positive on a long-term basis.

COMMENT
COMMENT
June 20, 2017

American Tower (AMT-N), Crown Castle International (CCI-N) or SBA Communications (SBAC-Q)? US REITs that own cell towers. You want to own these because they have multiple tenants. The average tower has 3 or 4 tenants. They can put more and more gear on them, so there is lots of room to grow revenues. The US is going through a boom on bandwidth, certainly wireless spectrum. Of the 3, he prefers this, the most international of the group. About 60% of revenue comes from the US and the rest is international. Generates a lot of free cash flow, and is highly predictable because of 5 year contracts. As we move to 5G, there is going to be a whole bunch more gear getting loaded on these towers, allowing them to charge more rent. It doesn’t pay a big dividend, but it has grown 34% a year over the last 5 years.

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American Tower (AMT-N), Crown Castle International (CCI-N) or SBA Communications (SBAC-Q)? US REITs that own cell towers. You want to own these because they have multiple tenants. The average tower has 3 or 4 tenants. They can put more and more gear on them, so there is lots of room to grow revenues. The US is going through a boom on bandwidth, certainly wireless spectrum. Of the 3, he prefers this, the most international of the group. About 60% of revenue comes from the US and the rest is international. Generates a lot of free cash flow, and is highly predictable because of 5 year contracts. As we move to 5G, there is going to be a whole bunch more gear getting loaded on these towers, allowing them to charge more rent. It doesn’t pay a big dividend, but it has grown 34% a year over the last 5 years.

BUY WEAKNESS
BUY WEAKNESS
May 4, 2017

He loves it, but it is too expensive for him. They took out the number 2 tower company in India. If we got a pullback it would be one of those companies at the top of his list to add to. When the street loves a stock you should sell it. Then we can get in.

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He loves it, but it is too expensive for him. They took out the number 2 tower company in India. If we got a pullback it would be one of those companies at the top of his list to add to. When the street loves a stock you should sell it. Then we can get in.

COMMENT
COMMENT
April 19, 2017

A REIT which owns cell phone towers all over the world. Cell phone towers are pretty interesting REITs as they have almost unlimited capacity. They have all the major wireless providers as customers, putting their gear up on their towers. Every time there is a new generation of gear, they don’t take the old stuff off, but put the new one on, so rents keep going up. They’ve done a great job of growing geographically. Has a broad customer base and isn’t levered to any one mobility provider. Over the next couple of years, we are going to start seeing 5G LTE coming, the next generation of wireless gear. They’ll continue to grow their dividend.

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American Tower (AMT-N)
April 19, 2017

A REIT which owns cell phone towers all over the world. Cell phone towers are pretty interesting REITs as they have almost unlimited capacity. They have all the major wireless providers as customers, putting their gear up on their towers. Every time there is a new generation of gear, they don’t take the old stuff off, but put the new one on, so rents keep going up. They’ve done a great job of growing geographically. Has a broad customer base and isn’t levered to any one mobility provider. Over the next couple of years, we are going to start seeing 5G LTE coming, the next generation of wireless gear. They’ll continue to grow their dividend.