How to Buy American Tower Stock
American Tower Corp
American Tower is a specialty REIT company located in Massachusetts, United States, which is part of the Real Estate sector, and is traded under the ticker AMT on the NYSE exchange.
American Tower stock last closed at $242.83, down 1.59% from the previous day, and has increased 32.55% in one year. It has overperformed other stocks in the REIT - Specialty industry by 0.15 percentage points. American Tower stock is currently +57.09% from its 52-week low of $154.58, and -0.3% from its 52-week high of $243.56.
As of Sep 10, 2024, there are 467.08M shares of AMT outstanding. The market cap of AMT is $113.42B. In the past 24 hours, 2.02M AMT shares were traded.
How to Buy American Tower Stock
Wondering how to invest in American Tower stock? Here's how.
- Figure out where to buy American Tower stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy American Tower stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Pick your method of payment and add your details.
- Analyze American Tower stock: The American Tower ticker symbol is AMT. Is American Tower stock a good investment? Should you buy shares of AMT? How do AMT's underlying business fundamentals look? Do top analysts think American Tower is a good buy? Why has AMT's stock price moved recently? (Hint: Our stock market research website can help you evaluate if AMT is a good stock to buy).
- Make your AMT trade: Decide if you will purchase AMT shares at the current market price or use a limit order to buy AMT shares at a given price.
- Watch your investment in AMT: Create a watchlist to get the latest news on your position in American Tower stock.
Step 1: Figure out where to buy American Tower stock
You need a brokerage account to access the NYSE market and buy AMT stock.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, it's time to fill out some personal details so you are able to invest in AMT stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to open your new brokerage account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've finished signing up on the best stock trading app, your next step is to transfer the money for your investment:
Watch the tutorial below to see the process of transferring funds into your investment account.
Step 4: Analyze American Tower stock
Once you have figured out the best place to buy American Tower stock, it's absolutely critical to research their stock before you buy, so you can comprehend the risk as well as the upside.
American Tower stock quick numbers
AMT Overview
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis.
You can view all of the due diligence checks on AMT's stock page.
Is AMT stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge AMT's true value.
Using relative valuations measures:
- AMT may be undervalued based on its P/E ratio of 45.47x, relative to REIT - Specialty industry P/E ratio of 56.47x
- AMT may be overvalued based on its P/B ratio of 29.41x, relative to REIT - Specialty industry P/B ratio of 7.06x
- AMT may be overvalued based on its PEG ratio of 1.73x
You can access additional valuation analysis on AMT's stock here.
AMT Financial Summary
Positive Health Checks:
- AMT profit margin has gone up from 8.9% to 22% in the past year.
Negative Health Checks:
- Total AMT debt is higher than 5 years ago, relative to shareholder equity.
- There are more short-term liabilities than short-term assets on the AMT balance sheet.
- AMT has a relatively high debt to equity ratio of 14.37.
- AMT's operating cash flow of $5.06B allows it to safely service it's debt of $47.39B.
- There are more long-term liabilities than short-term assets on the AMT balance sheet.
- AMT earnings of $4.25B is not sufficient to cover its interest payments.
Is it a good time to buy AMT stock, according to Wall Street analysts?
Out of 12 Equities analysts who track AMT, the consensus analyst rating on American Tower is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent AMT Analyst Ratings
Philip Cusick, a top 30% analyst from JP Morgan maintains AMT with a strong buy rating and raises their AMT price target from $230.00 to $240.00, on Jul 31, 2024.
Ari Klein, a top 34% analyst from BMO Capital maintains AMT with a buy rating and raises their AMT price target from $225.00 to $246.00, on Jul 31, 2024.
James Schneider, a bottom 9% analyst from Goldman Sachs initiates coverage on AMT with a strong buy rating and announces their AMT price target of $230.00, on Jul 1, 2024.
Tim Long, a top 3% analyst from Barclays maintains AMT with a strong buy rating and lowers their AMT price target from $234.00 to $223.00, on May 30, 2024.
Ric Prentiss, a bottom 4% analyst from Raymond James upgrades AMT to a strong buy rating and raises their AMT price target from $226.00 to $248.00, on May 1, 2024.
You can dig deeper into what analysts are forecasting on the American Tower stock forecast page.
AMT Trading Indicators
AMT Earnings
Last year, AMT earnings were $2.49B. In the past 5 year, AMT's earnings have increased by 9.91% per year. This was slower than the REIT - Specialty industry average of 13.25%.
Last year, AMT revenue was $11.34B. In the last 5 year, AMT's revenue has increased by 8.27% per year. This was faster than the REIT - Specialty industry average of 7.54%.
You can research AMT's earnings and revenue performance here.
What are AMT executives and large shareholders up to?
Over the past year, insiders at AMT have sold more shares than they have bought.
Olivier Puech, EVP President LatAm EMEA of AMT, was the latest AMT insider to sell. They sold $4,367,470.00 worth of AMT stock on Sep 3, 2024.
Research more about who owns AMT stock here.
Does AMT stock generate passive income?
American Tower pays a dividend of 2.7%, compared to the REIT - Specialty industry's average dividend yield of 4.14%. If you owned $1,000 of AMT stock, you would have been paid $27.01 in the past year.
American Tower dividend payments have consistently grown over the past decade and have remained stable.
Find more analysis about American Tower dividend yield and history here.
Get opinions from other investors
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your AMT trade
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific price limit, place a limit order.
Press the Open Trade button and eToro will execute the order.
If you want more assistance investing in stocks on eToro, click the how to video below:
Step 6: Watch your investment in AMT
Now that you own some AMT stock, you'll want to stay up-to-date on your new stock purchase.
Start a watchlist to get notified of the latest news about your AMT stock.
AMT Feed
How to Buy Stock in American Tower
To summarize, here are the 6 steps to buy American Tower stock:
- Figure out where to buy American Tower stock
- Sign up for your brokerage account
- Deposit money your investment account
- Analyze American Tower stock
- Make your AMT trade
- Watch your investment in AMT
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to watch your new investment in American Tower, hit the button below to create your watchlist.
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