American Tower

AMT-N

NYSE:AMT

237.52
0.31 (0.13%)
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
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.

SELL
SELL
February 27, 2017

They have exposure into India. It is an expensive stock with a low dividend (~2%). He sold it earlier this year. He would not short it.

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American Tower (AMT-N)
February 27, 2017

They have exposure into India. It is an expensive stock with a low dividend (~2%). He sold it earlier this year. He would not short it.

HOLD
HOLD
January 31, 2017

He really likes this because it is globally focused. It is the largest tower company in the US. These are literally wireless towers, and have long-term agreements with telecommunication companies in the US and globally. Any time there is a migration to a new higher speed technology, effectively the telco has to pay to upgrade all the equipment on the tower. A very visible and predictable business. If you think of data traffic tripling or quadrupling over the next 4-5 years, this is a company that is really going to benefit. This has great long-term growth potential.

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American Tower (AMT-N)
January 31, 2017

He really likes this because it is globally focused. It is the largest tower company in the US. These are literally wireless towers, and have long-term agreements with telecommunication companies in the US and globally. Any time there is a migration to a new higher speed technology, effectively the telco has to pay to upgrade all the equipment on the tower. A very visible and predictable business. If you think of data traffic tripling or quadrupling over the next 4-5 years, this is a company that is really going to benefit. This has great long-term growth potential.

SPECULATIVE BUY
SPECULATIVE BUY
October 18, 2016

It is quite expensive at 50 times earnings. It is a cell tower story that is growing in the US modestly and a lot more internationally. They view a tower as needing as many different tenants as possible. They want to increase acquired towers from 1.5 tenants to over two, where they normally have them.

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American Tower (AMT-N)
October 18, 2016

It is quite expensive at 50 times earnings. It is a cell tower story that is growing in the US modestly and a lot more internationally. They view a tower as needing as many different tenants as possible. They want to increase acquired towers from 1.5 tenants to over two, where they normally have them.

Gordon Reid

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Price
$114.150
Owned
Unknown
COMMENT
COMMENT
July 19, 2016

(Market Call Minute.) In the REIT camp, and a high growth company. Looks quite attractive.

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(Market Call Minute.) In the REIT camp, and a high growth company. Looks quite attractive.

BUY
BUY
May 18, 2016

They sell telephone towers, mostly in the US, but globally as well. The company is growing quite nicely. Cash flow growth is at 15%+ in the next few years, and that will drive very solid dividend growth. Very low risk because it is long-term contracts. There is nice structural growth in the industry because some countries are moving from 2G to 3G, etc. That drives more demand for space on their towers.

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They sell telephone towers, mostly in the US, but globally as well. The company is growing quite nicely. Cash flow growth is at 15%+ in the next few years, and that will drive very solid dividend growth. Very low risk because it is long-term contracts. There is nice structural growth in the industry because some countries are moving from 2G to 3G, etc. That drives more demand for space on their towers.

BUY
BUY
March 30, 2016

(Market Call Minute.) They lease their towers back to telecommunication companies under long-term contracts. Have some global exposure. A great way to get a pretty low, but stable dividend.

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American Tower (AMT-N)
March 30, 2016

(Market Call Minute.) They lease their towers back to telecommunication companies under long-term contracts. Have some global exposure. A great way to get a pretty low, but stable dividend.

PAST TOP PICK
PAST TOP PICK
January 19, 2016

(A Top Pick Jan 26/15. Down 8.92%.) A real estate investment trust that owns cell towers globally. They lease space to mobile phone operators to put their gear on towers. Have had very, very good cash flow growth. REITs has been a bit of a tougher space over the last year. Not sure he would Buy, but would keep it on the list to buy when the market starts to turn around.

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American Tower (AMT-N)
January 19, 2016

(A Top Pick Jan 26/15. Down 8.92%.) A real estate investment trust that owns cell towers globally. They lease space to mobile phone operators to put their gear on towers. Have had very, very good cash flow growth. REITs has been a bit of a tougher space over the last year. Not sure he would Buy, but would keep it on the list to buy when the market starts to turn around.

PAST TOP PICK
PAST TOP PICK
September 29, 2015

(Top Pick Oct 9/14, Down 6%) They are a REIT but own cellular towers. He moved to tech and consumer.

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American Tower (AMT-N)
September 29, 2015

(Top Pick Oct 9/14, Down 6%) They are a REIT but own cellular towers. He moved to tech and consumer.

TOP PICK
TOP PICK
August 27, 2015

We all love to hate the towers that are out there, but this company owns about 70,000 of them, mostly in the US. They just picked up another 4,000 international towers. Earnings were up about 13% last quarter. They secured another $649 million in acquisitions. There is a consolidation going on in the industry and this company leads the way. The dividend is only 1.89%, so he is looking at it for capital gain. The dividend did increase 29% last quarter and the company has targeted a 20% dividend growth going forward.

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American Tower (AMT-N)
August 27, 2015

We all love to hate the towers that are out there, but this company owns about 70,000 of them, mostly in the US. They just picked up another 4,000 international towers. Earnings were up about 13% last quarter. They secured another $649 million in acquisitions. There is a consolidation going on in the industry and this company leads the way. The dividend is only 1.89%, so he is looking at it for capital gain. The dividend did increase 29% last quarter and the company has targeted a 20% dividend growth going forward.

HOLD
HOLD
June 4, 2015

A great house in a difficult neighbourhood. They are not terribly economically sensitive. It is growing its dividend nicely, but is in the REIT sector and gets impacted by the negative view of REITs. Look at big cap technology stocks such as MSFC-O. Healthcare is another sector to go to, as well as financials.

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A great house in a difficult neighbourhood. They are not terribly economically sensitive. It is growing its dividend nicely, but is in the REIT sector and gets impacted by the negative view of REITs. Look at big cap technology stocks such as MSFC-O. Healthcare is another sector to go to, as well as financials.

TOP PICK
TOP PICK
January 26, 2015

This is a REIT that owns cell towers. About 65% of their revenue comes from North America, so it is fairly domestically focused, although they do have Latin America, India and Germany. It costs them almost nothing to add new capacity. There is very little in the way of capital investment in this business. You can continue to see very strong dividend growth. Yield of 1.49%.

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American Tower (AMT-N)
January 26, 2015

This is a REIT that owns cell towers. About 65% of their revenue comes from North America, so it is fairly domestically focused, although they do have Latin America, India and Germany. It costs them almost nothing to add new capacity. There is very little in the way of capital investment in this business. You can continue to see very strong dividend growth. Yield of 1.49%.

TOP PICK
TOP PICK
December 15, 2014

Is actually a REIT. 65,000 towers around the world. Great balance sheet and great management. They are always profitable.

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American Tower (AMT-N)
December 15, 2014

Is actually a REIT. 65,000 towers around the world. Great balance sheet and great management. They are always profitable.

COMMENT
COMMENT
November 25, 2014

This has been a real success. They own cell towers globally, with about 67% in the US. A couple of years ago they converted into a REIT. This is like an apartment building where you just keep adding floors to it. As the service providers continue to add equipment as data use goes up, they just get more and more revenue. A great company. Thinks we will continue to see more dividend growth. They have a positive runway going forward. Earnings this year should be up 22% and 15%-16% after that. They plan to spend less money over the next couple of years, so will be able to grow their payout substantially and more rapidly.

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American Tower (AMT-N)
November 25, 2014

This has been a real success. They own cell towers globally, with about 67% in the US. A couple of years ago they converted into a REIT. This is like an apartment building where you just keep adding floors to it. As the service providers continue to add equipment as data use goes up, they just get more and more revenue. A great company. Thinks we will continue to see more dividend growth. They have a positive runway going forward. Earnings this year should be up 22% and 15%-16% after that. They plan to spend less money over the next couple of years, so will be able to grow their payout substantially and more rapidly.

TOP PICK
TOP PICK
October 9, 2014

Performed particularly well. They rent out space on towers. They have great customers and no bad debts. They keep getting demands for more bandwidth. Raised dividend every quarter. Almost no cap-X. Dividend should increase every quarter.

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American Tower (AMT-N)
October 9, 2014

Performed particularly well. They rent out space on towers. They have great customers and no bad debts. They keep getting demands for more bandwidth. Raised dividend every quarter. Almost no cap-X. Dividend should increase every quarter.

COMMENT
COMMENT
September 9, 2014

This company owns cell towers around the world. In effect, it is a REIT that owns real estate which contains cell towers. Their tenants are the phone companies that put their gear up on the tower to transmit and receive. There is a boom in data use. As that continues, more equipment has to go up on these towers. The average tower has 2.5 tenants and could go to 5 tenants over time. When they come with new generations of gear, they don’t take the old gear down, because people still have some old equipment. He likes this as a dividend growth story.

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American Tower (AMT-N)
September 9, 2014

This company owns cell towers around the world. In effect, it is a REIT that owns real estate which contains cell towers. Their tenants are the phone companies that put their gear up on the tower to transmit and receive. There is a boom in data use. As that continues, more equipment has to go up on these towers. The average tower has 2.5 tenants and could go to 5 tenants over time. When they come with new generations of gear, they don’t take the old gear down, because people still have some old equipment. He likes this as a dividend growth story.

COMMENT
COMMENT
July 23, 2014

Very, very simple business. Just grabbing revenue in. The only thing he would be slightly worried about is if interest rates start to move higher. Most people will own this for the potential for yield. This is considered a REIT, so if it is part of that area, this is one that will be sold off if interest rates increase.

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Very, very simple business. Just grabbing revenue in. The only thing he would be slightly worried about is if interest rates start to move higher. Most people will own this for the potential for yield. This is considered a REIT, so if it is part of that area, this is one that will be sold off if interest rates increase.

STRONG BUY
STRONG BUY
June 12, 2014

Looking at this against the REIT complex, it is very steady, but has strong dividend growth. It broke out of an 18 month base of $85. Had actually considered using this as a Top Pick. This business has towers, and the towers have wireless companies as tenants. When you go from 3G to 4G technology, you don’t take down the 3G stuff, you just add more equipment to the tower. Will probably double its cash flow in the next 5 years. Dividend will grow very quickly. This is good for an investor who is looking for a little bit of yield and some dividend growth.

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Looking at this against the REIT complex, it is very steady, but has strong dividend growth. It broke out of an 18 month base of $85. Had actually considered using this as a Top Pick. This business has towers, and the towers have wireless companies as tenants. When you go from 3G to 4G technology, you don’t take down the 3G stuff, you just add more equipment to the tower. Will probably double its cash flow in the next 5 years. Dividend will grow very quickly. This is good for an investor who is looking for a little bit of yield and some dividend growth.

COMMENT
COMMENT
April 2, 2014

Had owned this for a long time because of 1) growth in the industry and 2) because they were converting to a REIT. Last spring, the whole REIT sector sold off because of fears of rising interest rates. Many have bounced back since, but this is in a part of the market that is less economically sensitive, so REITs are somewhat underperforming the rest of the market. He has a low exposure to REITs. Ultimately this is a great company and will do well over time. This is for an investor who is not looking for equity type returns, but for more income type returns. It should get good dividend growth.

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Had owned this for a long time because of 1) growth in the industry and 2) because they were converting to a REIT. Last spring, the whole REIT sector sold off because of fears of rising interest rates. Many have bounced back since, but this is in a part of the market that is less economically sensitive, so REITs are somewhat underperforming the rest of the market. He has a low exposure to REITs. Ultimately this is a great company and will do well over time. This is for an investor who is not looking for equity type returns, but for more income type returns. It should get good dividend growth.

HOLD
HOLD
December 12, 2013

REITs as a whole are having a tough time, but AMT is doing well relative to the rest. But there may be better sectors to be in at present. Prefers financials. If the sector turned up, this would be one of the better performers. Payout will continue to go up. 1.5% yield.

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American Tower (AMT-N)
December 12, 2013

REITs as a whole are having a tough time, but AMT is doing well relative to the rest. But there may be better sectors to be in at present. Prefers financials. If the sector turned up, this would be one of the better performers. Payout will continue to go up. 1.5% yield.

BUY
BUY
November 6, 2013

(Market Call Minute.) Very good business model and has rallied much better than the rest of the REITs. Higher growth but lower yield.

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American Tower (AMT-N)
November 6, 2013

(Market Call Minute.) Very good business model and has rallied much better than the rest of the REITs. Higher growth but lower yield.

DON'T BUY
DON'T BUY
October 28, 2013

Provide and rent towers to companies like AT&T. The problem is that it is like a real estate company and uses a lot of money to put up towers and rent them out. There is still growth but their cost of debt would go up with interest rates.

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American Tower (AMT-N)
October 28, 2013

Provide and rent towers to companies like AT&T. The problem is that it is like a real estate company and uses a lot of money to put up towers and rent them out. There is still growth but their cost of debt would go up with interest rates.

BUY
BUY
September 17, 2013

Infrastructure investing in both developed and emerging markets can build a well diversified portfolio. This one operates in both developed and emerging markets. It is a development, leaseback strategy. The leases are long-term, contractual cash flow.

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American Tower (AMT-N)
September 17, 2013

Infrastructure investing in both developed and emerging markets can build a well diversified portfolio. This one operates in both developed and emerging markets. It is a development, leaseback strategy. The leases are long-term, contractual cash flow.

WATCH
WATCH
September 12, 2013

Owns cell towers and leases space out to service providers who put up their transmission gear. Has done remarkably well over many years. About 1.5% yield. The view is that they spent a lot for towers in emerging markets, but what you are buying is the future use of cell phones and the expansion of data use in emerging markets. If you see REITs start to firm up, this is one you could take a look at.

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American Tower (AMT-N)
September 12, 2013

Owns cell towers and leases space out to service providers who put up their transmission gear. Has done remarkably well over many years. About 1.5% yield. The view is that they spent a lot for towers in emerging markets, but what you are buying is the future use of cell phones and the expansion of data use in emerging markets. If you see REITs start to firm up, this is one you could take a look at.

WEAK BUY
WEAK BUY
September 4, 2013

(Market Call Minute.) Likes the business. Good leverage to increased cell phone activity over time.

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American Tower (AMT-N)
September 4, 2013

(Market Call Minute.) Likes the business. Good leverage to increased cell phone activity over time.

Alex Ruus

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Price
$69.240
Owned
Unknown
STRONG BUY
STRONG BUY
August 2, 2013

A global tower company. Has owned for quite some time and is very happy with it. A little disappointed on their global side. Unhedged and the US$ has strengthened while foreign currencies have weakened. However, a strong US$ is probably good for them right now as they are investing outside of the US and into these countries and able to buy assets at a discount. Stock has dropped because a report came out that undermined several of the founding tenants of this company. Most of the report was factually incorrect and blatantly inflammatory. You are getting a great return if you can buy in the low $70s. 1.5% dividend yield is going to grow at about 10%-12% a year.

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American Tower (AMT-N)
August 2, 2013

A global tower company. Has owned for quite some time and is very happy with it. A little disappointed on their global side. Unhedged and the US$ has strengthened while foreign currencies have weakened. However, a strong US$ is probably good for them right now as they are investing outside of the US and into these countries and able to buy assets at a discount. Stock has dropped because a report came out that undermined several of the founding tenants of this company. Most of the report was factually incorrect and blatantly inflammatory. You are getting a great return if you can buy in the low $70s. 1.5% dividend yield is going to grow at about 10%-12% a year.

COMMENT
COMMENT
July 25, 2013

Could never understand how a bunch of pylons with a radio beacon on top could generate so much income. You have no real physical asset other than a bunch of towers. These companies effectively trade like REITs. As these companies have been converted into REIT type structures, the payout of gone higher and effectively have done very, very well. In an environment where you are going to see rising interest rates in the US, he thinks the big gains are done.

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Could never understand how a bunch of pylons with a radio beacon on top could generate so much income. You have no real physical asset other than a bunch of towers. These companies effectively trade like REITs. As these companies have been converted into REIT type structures, the payout of gone higher and effectively have done very, very well. In an environment where you are going to see rising interest rates in the US, he thinks the big gains are done.

BUY
BUY
July 11, 2013

This has pulled back to about where it was in March with pullbacks in REITs really across the board. Technically it looks sound. The tower companies will have very significant cash flow and dividend growth going forward.

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This has pulled back to about where it was in March with pullbacks in REITs really across the board. Technically it looks sound. The tower companies will have very significant cash flow and dividend growth going forward.

BUY
BUY
June 4, 2013

American Tower (AMT-N) or Sba Communications (SBAC-Q)? This is tough. Both companies are real estate investment trusts that own mobile cell towers all across the US and in Latin America. In this case, you are basically buying a REIT and a fairly quickly growing one. The REIT sector has pulled back over the last 2-3 weeks as 10 year bond yields moved higher. However, this one is going to be a dividend grower and you are going to get above REIT sector growth. He would be happy owning either one.

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American Tower (AMT-N) or Sba Communications (SBAC-Q)? This is tough. Both companies are real estate investment trusts that own mobile cell towers all across the US and in Latin America. In this case, you are basically buying a REIT and a fairly quickly growing one. The REIT sector has pulled back over the last 2-3 weeks as 10 year bond yields moved higher. However, this one is going to be a dividend grower and you are going to get above REIT sector growth. He would be happy owning either one.

BUY
BUY
May 16, 2013

They put up wireless towers, are considered a REIT, and a cash cow. In 5 years there will be more smartphones and tablets out there.

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They put up wireless towers, are considered a REIT, and a cash cow. In 5 years there will be more smartphones and tablets out there.

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