American Tower
About: American Tower owns and operates about 150,000 wireless towers throughout the US, Asia, Latin America, Europe, and Africa. It also owns and/or operates 30 data centers in 11 US markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market generated by the top few mobile carriers. The company operates more than 40,000 towers in the US, which accounted for about half of total revenue in 2024. Outside the US, American Tower operates about 48,000 towers in Latin America (dominated by Brazil), 27,000 towers in Europe, and 32,000 towers in Africa. American Tower operates as a REIT.
Employees: 4,691
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
71% more call options, than puts
Call options by funds: $789M | Put options by funds: $461M
28% more first-time investments, than exits
New positions opened: 137 | Existing positions closed: 107
1.02% more ownership
Funds ownership: 91.98% [Q1] → 93.0% (+1.02%) [Q2]
3% more repeat investments, than reductions
Existing positions increased: 729 | Existing positions reduced: 705
3% more capital invested
Capital invested by funds: $93.5B [Q1] → $96.1B (+$2.59B) [Q2]
0% less funds holding
Funds holding: 1,820 [Q1] → 1,818 (-2) [Q2]
11% less funds holding in top 10
Funds holding in top 10: 38 [Q1] → 34 (-4) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Barclays
Tim Long
|
$250
|
Overweight
Maintained
|
18 Aug 2025 |
RBC Capital
Jonathan Atkin
|
$260
|
Outperform
Maintained
|
31 Jul 2025 |
Raymond James
Ric Prentiss
|
$250
|
Strong Buy
Maintained
|
30 Jul 2025 |
Wells Fargo
Eric Luebchow
|
$230
|
Overweight
Maintained
|
30 Jul 2025 |
JP Morgan
Richard Choe
|
$255
|
Overweight
Maintained
|
30 Jul 2025 |
BMO Capital
Ari Klein
|
$245
|
Outperform
Maintained
|
30 Jul 2025 |
UBS
Batya Levi
|
$260
|
Buy
Maintained
|
8 Jul 2025 |
Financial journalist opinion
Based on 18 articles about AMT published over the past 30 days