American Tower Corporation (AMT) Stock

About American Tower Corporation

American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate. The Company's primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a few other industries. The Company refers to this business, inclusive of its data center business discussed below, as its property operations. Additionally, the Company offers tower-related services in the United States, which the Company refers to as its services operations. These services include site application, zoning and permitting, structural and mount analyses, and construction management services, together with program management offerings that support customer deployment needs from project scoping through construction. The Company's services operations primarily support the Company's site leasing business, including through the addition of new tenants and equipment on its sites. The Company's customers include its tenants, licensees and other payers. American Tower Corporation was incorporated in 1995 in Delaware and is based in Massachusetts, Boston.

American Tower Corporation is led by CEO Steven O. Vondran, employs 4,691 people, headquartered in Boston, US, publicly traded since 1998.

American Tower Corporation (AMT) stock trades at $179.26 with a market capitalization of $83.52B. The stock is valued at a price-to-earnings (P/E) ratio of 28.32, price-to-book of 23.23, price-to-sales of 7.56. Over the past 52 weeks the stock has ranged between $160.54 and $234.33, and currently trades 23.5% below its 52-week high. It pays a dividend yielding 3.98%.

On profitability, American Tower Corporation generates a return on equity (ROE) of 29.95% — well above the market average, a sign of a high-quality business, return on capital employed of 47.14%, an operating margin of 45.85%, a net profit margin of 26.60%.

In its most recent fiscal year, American Tower Corporation reported annual revenue of $10.6B, net profit of $2.5B, revenue has compounded at 5.8% a year over the last five years, profit at 8.4% a year. Profit growing faster than revenue points to expanding margins.

The balance sheet shows a debt-to-equity ratio of 12.36 — a leveraged balance sheet worth monitoring, a current ratio of 0.40, total assets of $63.2B, $1.5B in cash and equivalents.

AMT has an average daily trading volume of 3,217,613 shares, a beta of 0.89.

Official website: www.americantower.com