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AMAMT

American Tower Corporation

$AMT·$85B·REIT - Specialty·Real Estate
$185.27+2.2%YTD+3.5%1Y-4.6%
Price updated 22m ago·X counts updated 5d ago
AMAMT
$AMTAmerican Tower Corporation
$185.27+2.16%283 posts1×
AI analysisFundamentalsVoices on X
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On X

Top X posts

The complete picture of $AMT on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

283X posts · last 7 days
Sep 28Oct 11
Chatter Meter
1×
QuietNormal · 1×Loud

How loud $AMT's conversation on X is versus its own normal — 1× is typical, higher means busier. Right now it's about its usual level, louder than 64% of tracked names.

Mixed sentimentAI analysisGenerated by AI from underlying data6 posts analyzed · as of 2026-08-12

American Tower posters describe cell-tower REITs (AMT, CCI, SBAC) tanking on SpaceX terrestrial cellular ambitions, with one buyer adding on the dip below cost basis. Contributors argue leasing existing infrastructure is the path of least resistance and note AMT was an early ASTS investor. A separate DISH bankruptcy angle sees AMT/CCI/SBAC filing ~$7.6B of claims. Split sentiment weighs SpaceX overhang against valuation opportunity.

Read what X is saying about $AMT

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
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AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $AMT — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Proven numbersStalledAI verdict · as of 2026-10-02

The move has stalled — likely just drifts unless something new shows up.

Global cell-tower REIT with Q1 revenue +6.8% YoY, 42% operating margin and shares down 8% YTD on SpaceX-direct-to-cell overhang.

American Tower leases multi-tenant communications infrastructure (macro cell sites plus data centers) to wireless carriers worldwide, so revenue is contractual and compounding with CPI/escalator mechanics.

  • Q1 FY26 revenue $2.74B, +6.8% YoY with 42.4% operating margin — four quarters of 42-47% operating margin
  • TTM: 31x earnings, 8.4x sales, 77% ROE, 73% gross margin, 44% operating margin, FCF yield 4.2%, debt-to-equity 12.4 — REIT-leverage profile
  • 2026 estimates: $11.03B revenue, $6.97 EPS; 2027 $11.39B, $7.04 EPS — modeling MSD growth with CPI escalators
  • YTD -8%, trailing-12m -17% at $161.06 — multiple compressed on SpaceX-direct-to-cell overhang
  • Sep 14: priced at least $500M 5.300% senior notes due 2031 — balance-sheet refinancing
  • Sep 17: named Kristen M. Ludgate to the Board
  • DISH bankruptcy claims of ~$7.6B filed across AMT/CCI/SBAC collectively

The fundamental case is intact (contractual revenue, inflation escalators, dense portfolio) but the equity is in a stall: SpaceX direct-to-cell is a real long-term thesis-dilution risk, and the DISH-claim mechanics add near-term earnings variability.

Agrees with X sentimentX posters describe cell-tower REITs (AMT, CCI, SBAC) tanking on SpaceX terrestrial cellular ambitions, with one buyer adding on the dip below cost basis. Contributors argue leasing existing infrastructure is the path of least resistance. The split sentiment matches — the SpaceX overhang is real as a long-tail risk and real as a near-term multiple compressor.

What to watch: Oct 27 Q3 earnings and any SpaceX direct-to-cell commercial-tower partnership announcement — whether operator deals confirm the fundamental revenue trajectory or SpaceX momentum extends.

On the calendar: 2026-10-27 Q3 earnings

Read the AI verdict on $AMT

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

Plain-English summary of the business — what they sell and how they make money.

Owns ~220,000 wireless tower sites globally, leasing antenna space to carriers under long-term contracts; pure-play 5G infrastructure REIT.

Industry overviewAI analysisGenerated by AI from underlying data

Where REIT - Specialty sits in its cycle right now — and what that implies for $AMT.

REIT - Specialty · Real Estate

Data center REITs (Equinix, Digital Realty) are the dominant growth story within specialty REITs, with hyperscaler AI infrastructure demand driving record pre-leasing activity and lease rates. Cell tower REITs face near-term softness as carrier 5G capex normalizes, while billboard and gaming property REITs benefit from experiential consumer spending trends.

What this means for $AMT

Partial — Owns ~220,000 wireless tower sites globally, leasing antenna space to carriers under long-term contracts; pure-play 5G infrastructure REIT.

Industry benchmark

4-name peer basket
-5.3%YTD
-21.4%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
31.4How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
6.9%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
44.2%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
4.2%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
8.4Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
76.9%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
73.4%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
12.4Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Jul 28, 2026$1.86$1.57+18.5%
Q1 2026Apr 28, 2026$1.84$1.60+15.0%
Q4 2025Feb 24, 2026$1.75$1.48+18.2%
Q3 2025Oct 28, 2025$1.82$1.65+10.3%
Next earningsTue, Oct 27·consensus EPS $1.64

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$2.7B+6.8%73.9%42.4%$1.84$951.1M
Q4 FY25$2.7B+7.5%70.7%42.4%$1.75$848.3M
Q3 FY25$2.7B+7.7%75.1%46.7%$1.82$994.5M
Q2 FY25$2.6B-9.4%73.8%45.6%$0.78$976.9M

Forward consensus

5-year forecast · up to 16 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$11.0B$11.0B – $11.1B$6.97$6.95 – $7.0016
FY27$11.4B$11.4B – $11.5B$7.05$6.89 – $7.1714
FY28$12.1B$11.6B – $12.5B$7.86$7.27 – $8.7313
FY29$12.8B$12.4B – $13.0B$8.75$8.45 – $8.9211
FY30$13.2B$12.9B – $13.4B$9.44$9.12 – $9.626

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.1×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.54%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.+3.7%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+1.5%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 464.5M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today0.7% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β0.895-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.FilingActive offeringA shelf registration (S-3 / S-3ASR / S-1) or prospectus supplement (424B*) was filed in the last 90 days — the company is registered to (or actively) issuing new shares. Dilution risk.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

BuyAug 21Rajesh KalathurDirector2.8K sh$501KSellJul 29Meyer Robert JosephCFO5.0K sh$894KSellJul 29Ruth T DowlingEVP, Chief Admin Ofr, GC & Sec1.1K sh$194KSellJul 28Ruth T DowlingEVP, Chief Admin Ofr, GC & Sec685 sh$116KSellApr 29Ruth T DowlingEVP, Chief Admin Ofr, GC & Sec416 sh$74KSellApr 28Ruth T DowlingEVP, Chief Admin Ofr, GC & Sec556 sh$99K
+ 2 other (1 award · 1 gift) in window

See when $AMT insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

3New insider — initial holdingsSep 233
AI summary

Kristen M. Ludgate, a newly appointed director of American Tower Corp (AMT), filed an initial Form 3 as of September 17, 2026. Ms. Ludgate beneficially owns no securities of American Tower as of the filing date. This is a routine administrative disclosure required for a new board member and has no financial impact.

8-KOfficer or director changeSep 188-K — Item 5.02: Officer or director change · Item 8.01: Other event
AI summary

American Tower Corporation filed an 8-K on September 17, 2026 under Item 5.02 disclosing a director or officer change; the body excerpt is dominated by XBRL header data with the narrative detail truncated before the material content. This appears to be a routine officer or director change disclosure at the global tower REIT.

8-KMaterial agreementSep 148-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation
AI summary

American Tower Corporation entered into an indenture and completed a registered public offering on September 14, 2026, consisting of at least $500 million in 5.300% senior unsecured notes due 2031 along with additional note tranches (Item 1.01 / 2.03). The company lists 13 series of senior notes on the NYSE ranging from 0.400% due 2027 through 4.100% due 2034. Proceeds will be used for general corporate purposes. This is a routine debt capital markets transaction for the global tower REIT — non-dilutive to equity holders but incrementally increases leverage.

424B5Prospectus supplement (offering)Sep 9424B5
AI summary

American Tower Corporation filed a preliminary prospectus supplement on September 9, 2026, for an offering of senior notes in three tranches: percent Senior Notes due 2031, percent Senior Notes due 2033, and percent Senior Notes due 2036, with principal amounts and interest rates to be determined at pricing. The offering is pursuant to an effective shelf registration statement (No. 333-287714). This preliminary supplement is subject to completion and amendment; final terms will be in the pricing supplement.

8-KMaterial agreementMay 278-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation
AI summary

AMT (AMT) disclosed a material definitive agreement under Item 1.01, reporting a merger or acquisition transaction involving growth company as defined in Rule. The deal is valued at approximately $866.7 million. Details of the transaction terms, consideration structure, and closing conditions are set forth in the full 8-K filing. Definitive merger agreements are among the most material events a public company can disclose, triggering regulatory review and shareholder vote requirements.

8-KOfficer or director changeMay 218-K — Item 5.02: Officer or director change · Item 5.07: Shareholder vote · Item 8.01: Other event
AI summary

American Tower Corporation (AMT) filed an 8-K on May 20, 2026 reporting a personnel change (Item 5.02), annual shareholder meeting vote results (Item 5.07), and an other-event disclosure (Item 8.01). American Tower is a Boston-based REIT and global wireless infrastructure company listed on the NYSE. The excerpt does not reveal the executive change or other event details; an executive change at a major infrastructure REIT is notable, particularly given ongoing strategic shifts in AMT's global tower portfolio.

424B5Prospectus supplement (offering)May 19424B5
AI summary

American Tower Corporation (AMT) filed a preliminary 424B5 on May 19, 2026 for a senior notes offering maturing in 2033, with interest and principal amounts blank pending final pricing. American Tower is a Boston-based global wireless infrastructure REIT. The notes will be general, unsecured obligations ranking equally with other senior unsecured debt; AMT may redeem the notes at any time at applicable prices. This is a routine investment-grade debt capital markets transaction for the large-cap REIT.

8-KMaterial agreementMay 78-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation
AI summary

American Tower Corporation (AMT) filed an 8-K disclosing a material definitive agreement (Item 1.01) and creation of a direct financial obligation (Item 2.03) in connection with new debt issuance. The cell tower REIT entered into a credit agreement, bond indenture, or loan facility to fund capital expenditures, acquisitions, or refinancing of existing obligations. Key terms including principal amount, interest rate, maturity, and covenants are disclosed. The full debt agreement is filed as an exhibit.

+ 16 other (4 routine 8-Ks · 2 10-Qs · 2 earnings 8-Ks · 2 13Gs) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

American Tower (AMT) Beats Stock Market Upswing: What Investors Need to Knowzacks.com·1d agoKrilogy Financial LLC Acquires 4,269 Shares of American Tower Corporation $AMTdefenseworld.net·2d agoAmerican Tower: An Opportunity To Invest In Tower REITs, As Mobile Demand Growsseekingalpha.com·3d agoAmerican Tower Corporation $AMT Stock Sold by Perpetual Ltddefenseworld.net·4d agoTake the Zacks Approach to Beat the Markets: HF Sinclair, Accenture & FirstCash in Focuszacks.com·4d ago

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