Added to YB: 2023-08-21
Pitch date: 2023-08-21
AMT [bullish]
American Tower Corporation
+16.21%
current return
Author Info
No bio for this author
Company Info
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 over 148,000 communications sites and a highly interconnected footprint of U.
Market Cap
$85.1B
Pitch Price
$156.07
Price Target
N/A
Dividend
3.92%
EV/EBITDA
15.73
P/E
25.11
EV/Sales
12.32
Sector
Specialized REITs
Category
dividend
American Tower (AMT)
AMT (new position): Cell tower REIT down 35% from peak on rising rates, not fundamentals—FFO only -2% YoY, beat & raised guidance. Yield rose from mid-2s to high-3s. Recession-resistant cash flows; author bets rates fall when Fed turns dovish, driving rate-sensitive REITs back up.
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