American Tower Corporation (AMT)

Over the past six months, American Tower's stock has experienced fluctuations. As of August 27, 2025, the stock was down 9.34% over the past 30 days and 10.12% over the past 12 months. The stock price as of October 22, 2025, was $191.19 per share, representing a decline of 15.50% from October 23, 2024. In Q2 2025, American Tower reported increased total revenue and property revenue, but net income decreased due to foreign currency losses. In Q3 2025, American Tower reported third-quarter EPS of $2.78, beating analyst estimates of $1.65. Several analyst rating changes occurred in October 2025. CEO Juan Font sold 720 shares of the stock on July 31, 2025. Slower U.S. customer commencements in Q2 2025 affected organic tenant billings growth expectations.

Demand for American Tower's products and services does not exhibit significant seasonality. Instead, demand is driven by secular trends in technology and data consumption, such as the rollout of 5G networks, increasing mobile data consumption, the expansion of hybrid-cloud solutions, and the growing demand for AI and IoT applications. This sustained demand leads to consistent leasing activity on towers and in data centers.

American Tower Corporation is a leading independent owner, operator, and developer of multi-tenant communications real estate, functioning as one of the largest global REITs. The company leases space on its communications sites to various entities and provides customized collocation solutions. Following its acquisition of CoreSite, American Tower owns and operates a network of U.S. data center facilities. The company's services also include site acquisition, zoning and permitting, structural analysis, and construction management.

American Tower has a significant global presence, operating in 22 countries across five continents. Its communications real estate portfolio comprises over 224,000 communications infrastructure assets. The largest operation is in the United States and Canada, with nearly 43,000 sites. Other key regions include Latin America, Africa, and Europe. As of January 2024, the company entered into an agreement to sell its operations in India.

American Tower has maintained its reputation as a leading global REIT and a critical provider of digital communications infrastructure. The company's strategic investments in data centers and 5G infrastructure, along with its focus on sustainability and operational efficiency, contribute positively to its standing. American Tower's participation in investor conferences reinforces its reputation.

American Tower Corporation's ownership is predominantly institutional, with approximately 92.99% of the company's stock held by institutional shareholders, 0.57% by insiders, and 6.44% by retail investors. Major institutional owners include Vanguard Group Inc., BlackRock Inc., and State Street Corp. Insider ownership is relatively low, and insider selling has been observed.