American Tower Corp · REIT (real estate trust)

AMT

Low riskNext report: Around Feb 23, 2027 (est.)

View price ↗

The short version

A high-quality, profitable business with steady sales. Insiders and institutions are both adding.

Going well

Raised its dividend (3.6% yield)
Profitable every year for 10 years
Brings in more cash than it spends

Watch out for

High debt: 9.16x equity

Money moves

An insider bought $64K of shares with their own money in the last 30 days
Institutions added 2% to their holdings in the quarter ending June 2026 (836 bought, 811 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$188.42-0.3% that day

Latest insider buy: A director bought at $188.38 on Oct 20. The stock is now $188.42, +0.0% since.

Company value: $87.4B; Share price times all shares
Price vs profit (P/E): 26.5x; You pay about $27 for each $1 of yearly profit
Price vs sales: 7.9x; Company value is 7.9 times a year of sales
Dividend yield: 3.6%; Yearly dividend as a share of today's price
Cash vs value: 2%; Cash as a share of company value
Debt vs value: 4%; Debt as a share of company value

From AMT's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Sep '26

$2.8B+2.5% vs a year earlier

Dec '23Tap a barSep '26

Last 12 months: $11.0B, up 5.3% from the 12 months before. Over 5 years, sales grew about 5.8% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of AMT. Starting points are the company's recent numbers.

Sales growth+5% a yearRecently: +5.3% a yearProfit margin31%Last 12 months: 30.7%P/E at the end27xToday: 26.5x. Many steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$14.1B

Profit in 5 years$4.4B

Price these guesses point to$253.60+35% vs $188.42 todayAbout +6.1% a year, before dividends

What today's price needs: with a 31% margin and a 27x P/E, sales could shrink about 1.1% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

5/6Strong

PassReturn on equity 15%+Earns a lot on the money owners have in the business.74.7%
MissDebt under half of equityNot relying on borrowed money.0.93x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.24.7%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$3.8B
PassShare count not growingNot diluting owners. Falling means buybacks.-0.6% in 3 years

Revenue: $10.6B; +5.1% vs prior year
5-year growth: +5.8%/yr; revenue, per year
Total debt: $3.4B; 0.93x equity
Current ratio: 0.40x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Sep 30, 2026

Reported Oct 27Before open7:03 am ET

Revenue: $2.8B; +2.5% YoY
EPS: $1.64; vs $1.82
Op. margin: 45.6%; +0.2 pts
Free cash flow: $995.4M
Share count: -0.7%; vs a year ago

Insider rating

Last 90 days

58Mixed

1 insider bought $64K

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

46/ 100

This week: 1
Normal week: 1.2
vs normal: 0.9x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+2.0%

Institutions added 2.0% to their holdings. 836 bought, 811 sold.

Shares held by institutions440.2M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-0.2%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

9.2x · $32.2B debt

Shares outstandingLatest reported

464M

Why low risk

High debt: 9.16x equity

Earnings reports

Last 12

Next reportAround Feb 23, 2027 (est.)Estimated from the same quarter last year

Results filedOct 27
Results filedJul 28
Results filedApr 28
Results filedFeb 24
Results filedOct 28, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Offering prospectusSep 9 · View filing ↗Offering Offering prospectusMay 19 · View filing ↗Offering

Insider trades

Open-market buys and sells, last 90 days

Bought$64K1 insider

Sold$00 insiders

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Teresa Hillary ClarkeDirector	Buy	338	$188.38	$64K	6K	Oct 20Filing ↗
+6.4% of their holdings $167.52 to $227.42 across 15 trades Traded Apr 28, 2023 to Oct 20 Filed 2 days after