AMT

ACCE-researched
American Tower Corporation (REIT) Common Stock
Real Estate · REIT - Specialty · NYSE · United States
$173.98-0.91%
Market cap $81.1BNext earnings 2026-10-27Updated Sep 20, 2026
FAIR VALUE · CONSENSUS
$173.98+0.0%
confidence-weighted across 2 of 6 models
Now $173.98
$173.98
$81.10$126.99
Avoid
Price vs fair value
64.8% above
-39.3% to fair value
ACCE score
64
out of 100
Analysts
76% buy
25 covering
P/E
23.9x
forward 24.8x
1-year return
-9.9%
Dividend yield
4.01%
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Overview

ACCE thesis

American Tower owns and leases 220,000 cell towers across 25 countries, collecting rent from wireless carriers who need coverage infrastructure. The company benefits from secular growth in mobile data consumption and 5G deployment, which requires denser network infrastructure and drives tenant additions on existing towers. Management expects 4-6% organic tenant billings growth through 2027 as carriers densify networks, while international markets like India and Africa offer multi-year expansion runways. Trading at 26x forward earnings, AMT generates 30% ROE with 74% gross margins from what amounts to real estate monopolies - once a tower is built in a specific location, carriers have limited alternatives for coverage.

Written May 8, 2026
Investor warnings · 3 flags
  • high
    Extreme leverage ratio
    Debt/Equity of 10.19x is exceptionally high. Rising interest rates directly pressure refinancing costs and compress AFFO for this capital-intensive REIT.
  • moderate
    Momentum score weak
    ACCE Momentum score is only 31/100, suggesting weak price/technical momentum despite the 20-point overall score recovery from 41 to 61.
  • moderate
    Valuation below fair value
    Trading at $168 vs model fair value $195 (14% discount); V-score of 47/100 signals market skepticism about near-term re-rating catalyst.
Reports in 36 days, last quarter beat by 0.0%.

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Price

-10.0% · 1Y

Valuation

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Quality

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The full quality picture: conviction breakdown, earnings quality, score history, and backtested returns.

  • +Conviction score breakdown and earnings-quality grade
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  • +90-day score history and score-threshold backtests

Analysts

Wall Street consensus

Bullish76% buy · 25 covering analysts
Strong buy 14 Buy 5 Hold 6 Sell 0 Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

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Follow the institutions: 13F position changes, insider trades, and active 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Recent open-market insider transactions
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

This stock Peer Peer median weaker → stronger
P/Ebetter than 83% of peers
low 19.3x23.9xhigh 88.4x
ROEbetter than 83% of peers
low -207%34%high 225%
Div yieldbetter than 83% of peers
low 2.0%4.0%high 5.8%

Algorithmic peers (6)

TickerCompanyMcapP/EROED/EYieldQuality
DLRDigital Realty Trust Inc. Common Stock$68.8B88.42.9%0.842.7%-Compare
EQIXEquinix Inc. Common Stock REIT$100.8B65.810.7%1.342.0%-Compare
IRMIron Mountain Incorporated (Delaware)Common Stock REIT$34.0B81.1225.1%-25.483.0%-Compare
CCICrown Castle Inc. Common Stock$31.9B29.8-206.7%-14.895.8%-Compare
SBACSBA Communications Corporation Class A Common Stock$18.9B19.30.0%-2.662.8%-Compare
WYWeyerhaeuser Company Common Stock$15.3B32.25.0%0.594.0%-Compare

Sector report card

Where AMT ranks against its sector peers on each metric.

Computing percentiles…

News and Record

Reports in 36 days, last quarter beat by 0.0%.

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Recent performance

1 week
-2.2%
1 month
-0.3%
3 months
-1.2%
6 months
-1.6%
YTD
-0.9%
1 year
-9.9%

SEC filings

40 filings
September 2026
Sep 18
8-KCurrent reportPeriod 2026-09-17
Sep 14
8-KCurrent reportPeriod 2026-09-14
Sep 9
8-KCurrent reportPeriod 2026-09-09
37 more filings + AI summaries on Investor+.INVESTOR