American Tower

AMT-N

NYSE:AMT

233.72
1.48 (0.64%)
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.

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