American Tower

AMT-N

NYSE:AMT

235.18
12.38 (5.56%)
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
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.

COMMENT
COMMENT
March 12, 2013

Have shareholder friendly policies around share buybacks and dividend growth. Went through the change from Corp to Real Estate Investment Trust which has unlocked a lot of value. He has pared back his exposure by about half in order to move money into US financials to get better dividend growth in the next 12-16 months. Still likes but looking for better dividend growth in US financials.

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American Tower (AMT-N)
March 12, 2013

Have shareholder friendly policies around share buybacks and dividend growth. Went through the change from Corp to Real Estate Investment Trust which has unlocked a lot of value. He has pared back his exposure by about half in order to move money into US financials to get better dividend growth in the next 12-16 months. Still likes but looking for better dividend growth in US financials.

TOP PICK
TOP PICK
March 11, 2013

Basically Cells towers across the US, into Africa and Europe. 10%-11% cash flow growth year-over-year in the domestic US portfolio. You are looking at 25%-35% cash flow growth per year in the emerging markets that they have exposure to. You can bank on them growing earnings at 10%-15% year-over-year. Yield of 1.25%.

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American Tower (AMT-N)
March 11, 2013

Basically Cells towers across the US, into Africa and Europe. 10%-11% cash flow growth year-over-year in the domestic US portfolio. You are looking at 25%-35% cash flow growth per year in the emerging markets that they have exposure to. You can bank on them growing earnings at 10%-15% year-over-year. Yield of 1.25%.

BUY WEAKNESS
BUY WEAKNESS
February 14, 2013

Tower REITs have had several short term pullbacks over the last 4 years. That is natural. Probably good support at $70.

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American Tower (AMT-N)
February 14, 2013

Tower REITs have had several short term pullbacks over the last 4 years. That is natural. Probably good support at $70.

SELL
SELL
November 21, 2012

(Market Call Minute) Good long term story but high valuation.

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American Tower (AMT-N)
November 21, 2012

(Market Call Minute) Good long term story but high valuation.

BUY
BUY
November 15, 2012

Anyone with kids can see how much data is being consumed through handheld devices. This one has a portfolio of telecom towers all over the world and is in the process of converting to a REIT. Dividend will grow at 15-20% per year. Not insignificant dividend today. A great area to focus on and is one of the few secular themes in this economy.

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American Tower (AMT-N)
November 15, 2012

Anyone with kids can see how much data is being consumed through handheld devices. This one has a portfolio of telecom towers all over the world and is in the process of converting to a REIT. Dividend will grow at 15-20% per year. Not insignificant dividend today. A great area to focus on and is one of the few secular themes in this economy.

DON'T BUY
DON'T BUY
March 2, 2012
Cell phone towers and they have been going like gangbusters. Put up about 11,000 towers over the last year or so and about 5000 of them in the last quarter. A bit pricey at about 21X adjusted cash flows. Small yield of only about 1%.
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Cell phone towers and they have been going like gangbusters. Put up about 11,000 towers over the last year or so and about 5000 of them in the last quarter. A bit pricey at about 21X adjusted cash flows. Small yield of only about 1%.
Don Lato

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Price
$62.590
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
September 13, 2011
(Top Pick Sep 28/10, Up 1.22%) He would buy today and will likely buy back. Is going to convert in January to a REIT. There had been concerns about cell company mergers for a while.
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American Tower (AMT-N)
September 13, 2011
(Top Pick Sep 28/10, Up 1.22%) He would buy today and will likely buy back. Is going to convert in January to a REIT. There had been concerns about cell company mergers for a while.
PAST TOP PICK
PAST TOP PICK
August 18, 2011
(A Top Pick Aug 9/10. Up 8.77%.) Will convert to a real estate investment trust over the next year.
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American Tower (AMT-N)
August 18, 2011
(A Top Pick Aug 9/10. Up 8.77%.) Will convert to a real estate investment trust over the next year.
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