American Tower logged a 2.0% change during today's morning session, and is now trading at a price of $222.8 per share. The S&P 500 index moved 0.9% and the Nasdaq posted a 1.7% change. AMT's trading volume is 237,112 compared to the stock's average volume of 2,027,356.
American Tower shares moved -17.4% over the last 52 weeks, with a high of $282.47 and a low of $178.17. During this time, the stock basically tracked the performance of the S&P 500. As of January 2022, the company's 50-day average price is $213.0.
American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. The large-cap Real Estate company has 6,378 full time employees and is based in Boston, MA. American Tower has returned a 2.6% dividend yield over the last 12 months.
Overview of the Company's Heavy Use of Leverage:
|Operating Margins Growth||n/a||9.58%||-8.48%|
|Net Margins Growth||n/a||-15.58%||30.54%|
|Earnings Per Share||$4.24||$3.79||$5.66|
|Free Cash Flow (MM)||$2,761||$2,850||$3,443|
|Capital Expenditures (MM)||-$991||-$1,032||-$1,377|
|Net Debt / EBITDA||5.09||5.59||6.16|
American Tower Is Overvalued:
Compared to the Real Estate sector's average of 27.16, American Tower has a trailing twelve month price to earnings (P/E) ratio of 35.0 and, based on its EPS guidance of 4.63, an expected P/E ratio of 48.1.
American Tower's price to book (P/B) ratio is 16.5 compared to its sector average of 2.39. The company is likley overvalued in terms of its net tangible assets. The company's shares are currently trading 498.8% above their fair value as expressed by Benjamin Graham's formula:
√(22.5 * 3-year average EPS * book value per share) = √(22.5 * 4.56 * 13.492) = $37.21
American Tower Is the Subject of Mixed Market Indicators:
17 analysts are following American Tower and have set target prices ranging from $215 to $280 per share. On average, they have given the company a rating of buy. At the current price of $222.8, AMT is trading -10.46% away from its average analyst target price of $248.82 per share, implying an analyst consensus of some upside potential for the stock.
The company has a very low short interest since 0.9% of the company's shares are tied to short positions. Institutions own 93.0% of American Tower's shares, while the insider ownership rate stands at 0.2%. The biggest shareholder is the Vanguard Group, Inc. with a 13% stake in the company worth approximately $13,528,564,124.