American Tower (AMT)

10 Presidential Way Associates, LLC • 52 Eighty Partners, LLC • 52 Eighty Tower Partners I, LLC • ACC Tower Sub, LLC • ActiveX Telebroadband Services Private Limited • Adquisiciones y Proyectos Inalámbricos, S. de R. L. de C.V. • Alternative Networking LLC • American Tower Asset Sub II, LLC • American Tower Asset Sub, LLC • American Tower Charitable Foundation, Inc. ...

IRS number

650723837

AMT stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$215.33

Low target

$195.00

High target

$234.00

"CORRECTION: JMP Securities

Latest filings (excl ownership)

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8-K

American Tower Corporation Announces Election of Rajesh Kalathur to Board of Directors

5 Feb 25

8-K

Entry into a Material Definitive Agreement

28 Jan 25

8-K

American Tower Names Bud Noel As Coo

7 Jan 25

8-K

American Tower Corporation Declares Quarterly Distribution

5 Dec 24

8-K

Entry into a Material Definitive Agreement

21 Nov 24

424B2

Prospectus for primary offering

19 Nov 24

8-K

American Tower Corporation Prices Senior Notes Offering

19 Nov 24

FWP

Free writing prospectus

18 Nov 24

424B5

Prospectus supplement for primary offering

18 Nov 24

8-K

Departure of Directors or Certain Officers

31 Oct 24

Transcripts

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AMT

Earnings call transcript

2024 Q3

29 Oct 24

AMT

Earnings call transcript

2024 Q2

30 Jul 24

AMT

Earnings call transcript

2024 Q1

30 Apr 24

AMT

Earnings call transcript

2023 Q4

27 Feb 24

AMT

Earnings call transcript

2023 Q3

26 Oct 23

AMT

Earnings call transcript

2023 Q2

27 Jul 23

AMT

Earnings call transcript

2023 Q2

27 Jul 23

AMT

Earnings call transcript

2023 Q1

26 Apr 23

AMT

Earnings call transcript

2022 Q4

23 Feb 23

AMT

Earnings call transcript

2022 Q3

27 Oct 22

Latest ownership filings

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Notice of proposed sale of securities

Notice of proposed sale of securities

13 Sep 24

Financial summary

Financial statements Chart AMT financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.28 bn	2.28 bn	2.28 bn	2.28 bn	2.28 bn	2.28 bn
Cash burn (monthly)	112.13 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	498.52 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	1.78 bn	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	15.9	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

AMT institutional ownership history Ownership history

90.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1799	1717	+4.8%
Opened positions	204	182	+12.1%
Closed positions	122	149	-18.1%
Increased positions	656	660	-0.6%
Reduced positions	694	675	+2.8%

13F shares	Current	Prev Q	Change
Total value	89.59 tn	76.35 tn	+17.3%
Total shares	422.08 mm	429.52 mm	-1.7%
Total puts	2.34 mm	1.63 mm	+43.7%
Total calls	2.75 mm	2.35 mm	+16.9%
Total put/call ratio	0.9	0.7	+22.9%

Largest owners	Shares	Value	Change
Vanguard	62.49 mm	$14.53 tn	-0.1%
BlackRock	38.93 mm	$9.05 tn	NEW
STT State Street	21.17 mm	$4.92 tn	+3.1%
CNS Cohen & Steers	15.74 mm	$3.66 bn	-11.3%
Wellington Management	11.38 mm	$2.65 tn	-3.8%
Geode Capital Management	11.21 mm	$2.60 tn	+1.9%
FMR	10.64 mm	$2.47 tn	+25.4%
MS Morgan Stanley	8.62 mm	$2.01 tn	-7.0%
Deutsche Bank AG - Registered Shares	7.38 mm	$1.72 tn	-4.0%
Dimensional Fund Advisors	6.50 mm	$1.51 tn	-0.3%

Largest transactions	Shares	Bought/sold	Change
BlackRock	38.93 mm	+38.93 mm	NEW
BLK BlackRock	0.00	-38.11 mm	EXIT
Norges Bank	0.00	-5.85 mm	EXIT
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	3.61 mm	+3.17 mm	+718.6%
PFG Principal Financial	6.14 mm	-2.63 mm	-30.0%
FMR	10.64 mm	+2.15 mm	+25.4%
CNS Cohen & Steers	15.74 mm	-2.00 mm	-11.3%
AMP Ameriprise Financial	5.20 mm	-1.20 mm	-18.8%
Adelante Capital Management	1.20 mm	+1.16 mm	+2723.4%
T. Rowe Price	6.49 mm	+973.18 k	+17.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

AMT insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
16 Jan 25	Rodney M Smith	Common Stock	Sell	Dispose S	No	Yes	181.57	2,276	413.25 k	62,792
16 Jan 25	Rodney M Smith	Common Stock	Sell	Dispose S	No	Yes	181.03	14,291	2.59 mm	65,068
16 Jan 25	Rodney M Smith	Common Stock	Option exercise	Acquire M	No	No	94.57	16,567	1.57 mm	79,359
16 Jan 25	Rodney M Smith	Option to Purchase Common Stock Common Stock	Option exercise	Dispose M	No	No	94.57	16,567	1.57 mm	16,568
3 Jan 25	Juan Font	Common Stock	Payment of exercise	Dispose F	No	No	182.56	469	85.62 k	18,919