American Tower Corporation (REINYSE: AMT
Real Estate · Telecom Tower REITs
$187.06
+1.78%
Vol: 195K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21American Tower holds 2026 Annual Meeting on May 20 following JPMorgan TMC conference presentationPositive▶
American Tower held its virtual 2026 Annual Meeting of Stockholders on May 20, 2026, one day after presenting at the J.P. Morgan 2026 Global Technology, Media and Communications Conference on May 19. Shares rose 3.9% on May 18 to $177.28 amid renewed optimism after Bernstein upgraded the stock to Outperform on May 8, and the company recently extended credit facilities and priced a €750 million senior notes offering.
May 20American Tower prices €750M senior notes May 19 and is upgraded by Bernstein to Outperform with $207 target.Positive▶
On May 19, 2026, American Tower priced a registered public offering of €750 million of 4.000% senior unsecured notes due 2033 at 99.663% of par, generating expected net proceeds of about €742.7 million (~$866.7 million) to refinance 2026 euro notes. Bernstein upgraded AMT to Outperform from Market Perform with an unchanged $207 price target. Earlier on May 7, the company extended maturities on its $6.0 billion multicurrency revolving facility and $1.0 billion term loan to May 2029 and its $4.0 billion revolving credit facility to May 2031, bolstering liquidity. Management presented at MoffettNathanson on May 14 and J.P. Morgan TMT on May 19. Q1 2026 beat on revenue and AFFO, with raised full-year guidance, easing concerns about stalling growth. Shares rose 3.9% to $177.28 on May 18 and a 14-analyst Buy consensus carries a $216.79 average target.
May 19American Tower will host its virtual annual shareholder meeting on May 20, 2026 with votes on 11 directors and a new equity incentive plan, and will present at the J.P. Morgan global TMC conference on May 19 amid analyst price targets averaging $216.79.Neutral▶
American Tower issued its 2026 proxy and scheduled a virtual annual meeting for May 20, 2026, where shareholders will vote on electing 11 directors, an advisory say-on-pay, ratifying Deloitte & Touche, and approving a new equity incentive plan. The REIT is also presenting at the MoffettNathanson Media, Internet & Communications Conference on May 14 and at the J.P. Morgan Global TMC Conference on May 19. Shares rose 3.9% on May 18 to $177.28, with the Buy consensus rating from 14 analysts and an average $216.79 price target reflecting confidence in AI/data-center driven demand (Q1 data center cash revenue grew 17%). The bear case: Q1 reported property revenue growth of 7.3% slowed to 2.8% ex-FX amid the loss of EchoStar revenue, and higher interest expense and maintenance capex limited AFFO growth to 2.7%, leaving the stock sensitive to rate moves and tenant churn.
May 18American Tower extended $11B of credit facilities to 2029-2031 and lined up two major investor conference appearancesPositive▶
On May 7, 2026 American Tower amended and extended maturities on three major credit facilities: a $6.0 billion multicurrency revolving credit facility and a $1.0 billion term loan now mature May 1, 2029, and a $4.0 billion revolving credit facility now matures May 1, 2031, while also increasing acquisition borrowing flexibility and tightening debt incurrence to subsidiaries only. The company is presenting at the MoffettNathanson 2026 Media, Internet & Communications Conference on May 14 and at the J.P. Morgan 2026 Global TMT Conference on May 19. Q1 2026 results beat expectations, with data center revenue up 17% and higher operating margins following the completed India exit; full-year guidance was raised. AMT traded at $174.09 on May 13, down 2.77% from the prior close of $178.82. 14-analyst consensus is Buy with a 2026 price target of $216.79 (~24.5% upside).
May 15American Tower amended its $11B in credit facilities on May 7 to extend maturities to 2029-2031.Neutral▶
American Tower amended its existing $6B multicurrency revolving credit facility, $4B revolving credit facility, and $1B term loan on May 7 to extend maturities to May 1, 2029 (multicurrency and term loan) and May 1, 2031 (the other revolving facility). The company will present at the MoffettNathanson 2026 Media, Internet & Communications Conference on May 14 and the J.P. Morgan TMT Conference on May 19. Q1 AFFO of $2.84 beat $2.50 consensus, and FY26 AFFO guidance was raised to $10.90-$11.07 (vs $10.87 consensus). JPMorgan lowered PT to $240 from $265. Stock trades around $174 with consensus Buy rating and $216.79 average PT.
May 14American Tower will present at the MoffettNathanson conference on May 14 after a strong Q1 beat and raised 2026 EPS guidancePositive▶
American Tower will present at the MoffettNathanson 2026 Media, Internet & Communications Conference on May 14, 2026 in New York, with a follow-up at the J.P. Morgan TMC Conference on May 19 in Boston. The annual virtual shareholder meeting is set for May 20. Q1 2026 revenue rose 6.8% YoY to $2.74B, beating the $2.66B consensus, and net income surged about 76% to roughly $879M. Management raised full-year 2026 EPS guidance to $10.90-$11.07. The data center business posted 17% cash revenue growth driven by hybrid/multi-cloud and AI workloads. Shares rose 0.76% to $178.82 on May 12. Analyst consensus is Buy with an average 2026 price target near $216.79.
May 13American Tower sets MoffettNathanson and JPMorgan May conference appearances after a Q1 beat and raised 2026 guidance.Positive▶
American Tower confirmed presentations at the MoffettNathanson Media, Internet & Communications Conference (May 14) and JPMorgan Global TMT Conference (May 19), and the stock traded at $174.59 on May 12. The setup follows Q1 2026 revenue of $2.74B (+6.8% YoY, above $2.66B consensus) and net income near $879M, with management raising full-year guidance citing strong international leasing, FX tailwinds, and 17% cash revenue growth in data centers driven by hybrid/multi-cloud and AI use cases. The 2026 proxy is now public ahead of a virtual annual meeting on May 20.
May 12American Tower to present at MoffettNathanson May 14 and JPMorgan TMT May 19 after Q1 beat and $567.55M buyback.Positive▶
American Tower is presenting at the MoffettNathanson 2026 Media, Internet & Communications Conference on May 14 at 8:15 a.m. ET and the J.P. Morgan 2026 Global TMT Conference on May 19 at 9:25 a.m. ET. The company holds a virtual annual meeting on May 20 to vote on the proxy and a new 2026 Equity Incentive Plan. Q1 2026 revenue came in at $2.74B (up 6.8% YoY) versus $2.66B consensus, with net income up roughly 76% to $879M and AFFO of $2.84 per share. Data center cash revenue grew 17% on AI-related demand. Full-year AFFO guided to $10.90–$11.07 per share. Consensus rating "Moderate Buy" with mean target of $215.82 implying 22.3% upside.
May 11No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 8American Tower scheduled for May 14 and 19 conference presentations; raised FY26 guidance amid strong data center/AI infrastructure demand; JPMorgan lowered PT to $240Mixed▶
American Tower scheduled presentations at MoffettNathanson (May 14, 8:15am ET) and JPMorgan Tech Conference (May 19, 9:25am ET). Raised 2026 guidance reflecting robust AI workload and mobile data demand. Analysts expect Q4 EPS up 9.5% YoY and revenue $2.71B (+3.1% YoY). JPMorgan lowered PT to $240 from $265 on April 29. Dish Wireless lease default raises tenant concentration risk. CoreSite subsidiary advancing AI initiatives.
May 6American Tower raises 2026 outlook on Q1 results; Raymond James raises PT to $240 from $229Positive▶
American Tower reported Q1 2026 revenue of $2.74B and net income of $859.5M (76% jump), raising 2026 revenue guidance to $10.585-10.735B. Property revenue rose across Africa, APAC, Europe, and Latin America, with data center growing 17% driven by AI-related workloads. DISH churn offset new leasing in U.S./Canada. Company expects mid-single-digit organic growth in developed markets and double-digit data center growth. Raymond James raised PT to $240 from $229 (Strong Buy); average analyst PT is $216.79 (+19.4% upside).
May 5American Tower beats Q1 FFO estimates, raises full-year guidanceMixed▶
American Tower surpassed Q1 2026 FFO estimates with $2.84 per share beating Zacks consensus of $2.50, with revenue of $2.74 billion. The company raised full-year 2026 forecasts after strong results driven by robust leasing demand from telecom firms and expanding mobile data consumption. However, recent developments highlight tenant risk from Dish Wireless lease default raising questions about future cash flows. Raymond James maintains Strong Buy with $240 price target.
Sector Peers
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|---|---|---|---|---|---|---|
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Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.