American Tower Corporation (REINYSE: AMT
Real Estate · Telecom Tower REITs
$181.72
-0.54%
Vol: 1.2M
Research Digest
Friday, May 1, 2026
American Tower Q1 AFFO $2.84/share beats $2.50 est; raises FY outlook citing data center demand; Mizuho upgrades to Outperform.
American Tower Q1 2026 AFFO $2.84 vs consensus $2.50, revenue $2.74B vs $2.65B est. Property revenue +7.3% to $2.67B. CEO Steve Vondran cited rising mobile data, cloud adoption, AI workloads. Raised FY2026 guidance to AFFO $10.90-$11.07 vs consensus $10.87. Declared $1.79 dividend, repurchased $184M, $10.4B liquidity at March end. Mizuho upgraded to Outperform from Neutral April 15 with PT raised to $205 from $189.
Previous Market Intelligence
13 daysApr 30American Tower beats Q1 2026 guidance with $1.84 EPS versus $1.60 estimate, driven by data center expansion and digital infrastructure demand.Positive▶
American Tower Corporation reported strong Q1 2026 earnings with EPS of $1.84 beating the forecasted $1.60, and revenue of $2.74 billion exceeding the $2.66 billion estimate. The company raised full-year guidance, reflecting confidence in growth from digital infrastructure and data center segments. CoreSite, an AMT subsidiary, expanded Ethernet Virtual Circuits bandwidth to include 100Gbps connections on its Open Cloud Exchange platform. Mixed analyst sentiment with Mizuho upgrading to Outperform on April 15 and Barclays lowering price target to $195 from $200 on April 16.
Apr 16AMT slides on ex-dividend trading; Mizuho upgrades to Outperform amid European expansion focusMixed▶
American Tower reported ex-dividend decline with DISH/EchoStar rent concerns. Mizuho analyst Vikram Malhotra upgraded AMT to Outperform from Neutral with $205 target (up from $189). Company planning European expansion and cost-saving to improve margins. Earnings expected April 28 with 3.6% AFFO decline projected. Average analyst target $219.45, indicating 19.7% upside.
Apr 15American Tower Q1 2026 earnings set for April 28 with dividend concerns as DISH/EchoStar rent uncertainty pressures tower REIT group.Mixed▶
American Tower trades ex-dividend at $219.45 with a projected 3.6% decline in AFFO per share year-over-year. Analysts remain cautiously optimistic with 15 Strong Buy ratings and a $219.45 average price target. The company reported strong Q4 2025 results with data center segment surging 14% YoY driven by AI demand. Q1 earnings call scheduled for April 28.
Apr 14American Tower Q1 2026 earnings set for April 28; $1.60B buyback authorization and 5.3% dividend increase announced.Positive▶
American Tower will release Q1 2026 earnings on April 28. Announced 5.3% dividend increase and $1.60 billion share buyback authorization. CoreSite acquisition expected to contribute 12.5% data center revenue growth. Latin America faces organic revenue headwinds from Brazil churn. Analyst consensus Buy with $216.76 average target.
Apr 13American Tower announces Q1 2026 earnings for April 28; dividend increased and $1.6B buyback authorized despite DISH default risk.Neutral▶
American Tower scheduled Q1 2026 earnings release for April 28, with expectations for EPS of $2.45 and revenue of $2.66 billion. Company announced higher quarterly dividend and authorized $1.6 billion in share buybacks. Key risk: DISH Wireless lease default pressure and Latin America regional headwinds. Truist initiated with Buy rating.
Apr 10American Tower announces 5.3% dividend increase and $1.6B buyback authorization amid modest 2026 outlook.Neutral▶
American Tower hiked quarterly dividend 5.3% and authorized $1.6B share buybacks. Guides 2026 organic tenant billings growth ~1%. DISH default impact of ~$200M revenue recognized. CoreSite double-digit revenue growth offsets Latin America weakness. Stock at $174.08, up 1.58%. Q1 2026 earnings due April 28, 2026.
Apr 9American Tower faces DISH Wireless $200M annual revenue impact from lease default; Q4 EPS beat expectations despite valuation concerns.Mixed▶
American Tower Corporation reported Q4 earnings per share of $1.75 with revenue of $2.74B exceeding analyst expectations of $2.69B. Company expects 9.5% EPS growth year-over-year for next quarter. However, DISH Wireless lease default creates estimated $200M annual revenue impact, raising questions about future cash flows. American Tower plans virtual annual meeting for May 20, 2026, and announced quarterly dividend of $1.79 (ex-dividend April 14). CoreSite subsidiary focused on AI infrastructure initiatives. Recent analyst activity mixed: RBC Capital maintained Hold, Truist initiated Buy, Bernstein initiated Market Perform. Next earnings April 28, 2026.
Apr 8American Tower faces material headwind as DISH Wireless defaults on key collocation agreementNeutral▶
American Tower Corporation faces a significant challenge with DISH Wireless defaulting on a key collocation agreement, creating an estimated $200 million annual revenue impact. Stock trading at $174.08 with gains of $2.71 (+1.58%) since market close. Company is gearing up for Q4 earnings report on April 28 with expectations of 9.5% EPS growth YoY. Despite recent default, analyst sentiment remains bullish with 17 analysts recommending Buy and 0 recommending sell, with average 12-month price target of $214.91 showing 23% upside potential.
Apr 7American Tower announces higher dividend, $1.6B buyback authorization; Q1 earnings April 28Neutral▶
American Tower announced higher quarterly dividend and authorized $1.6B in share buybacks. FY2026 guidance: organic tenant billings growth ~1% (modest), estimated $200M revenue headwind from DISH Wireless default. EPS guidance $10.78-10.95. Q4 achieved $2.74B revenue surpassing consensus. Q1 2026 earnings release April 28 at 7am with conference call 8:30am. Truist initiated Buy coverage with $205 PT citing 5G/data center/hybrid-cloud demand despite DISH headwind and Latin America challenges. Stock $173.73 (up $0.17 AH), $1.79 dividend ex-date April 14.
Apr 6American Tower cuts dividend to $1.79/share amid tower sale buzz; hikes REIT yield to 4.2%Mixed▶
American Tower Corporation announced Q1 2026 earnings release scheduled for 7:00 a.m. ET on Tuesday, April 28, 2026. Management guides FY2026 EPS to $10.78-10.95, signaling confidence in organic growth and acquisitions. The company hiked quarterly dividend to $1.79/share (from $1.70) annualizing to ~$7.16 for 4.2% yield. Truist initiated with Buy rating and $205 PT highlighting towers' high-quality nature and long-term upside. MoffettNathanson maintains Buy but lowered PT to $214 from $231; Bernstein initiated Market Perform at $205 PT. Robert D. Hormats will not seek re-election at 2026 annual meeting. Stock reached 52-week low of $166.88 (down 29% from $234.33 high) amid DISH contract dispute concerns. CEO Steven O. Vondran receives $1M base salary and 200% target cash bonus. Near-term pressure from DISH negotiations could create entry point for long-term investors focused on dividend growth and 5G/data center secular tailwinds.
Apr 3American Tower initiates Q1 earnings for April 28; Truist initiates Buy on data center exposure through CoreSite asset.Positive▶
American Tower announced Q1 2026 earnings release for April 28. Truist Securities initiated coverage with Buy rating and $205 PT citing 70%+ property NOI from developed markets and U.S. data center exposure via CoreSite. AMT declared $1.79 dividend with ex-date April 14. Management guiding 2026 FFO of $10.78-10.95/share.
Apr 2American Tower announced 5.3% dividend increase and $1.6B buyback authorization while guiding for 1% organic growth in 2026 amid DISH Wireless headwinds.Mixed▶
American Tower announced a cash dividend of $1.79 with ex-date April 14, 2026, a 5.3% increase from prior levels, plus a fresh $1.60 billion share buyback authorization. Truist initiated coverage with Buy rating and $205 price target, citing durable long-term upside for tower assets. The company outlined a 2026 strategic pivot emphasizing targeted Europe expansion and a multi-year cost-savings plan. 2026 organic tenant billings growth is expected at approximately 1% with a roughly $200 million revenue hit from DISH Wireless's default. Recent achievements include launching Chicago campus 400G AWS Direct Connect. Q1 2026 results press release scheduled for April 28, 2026.
Apr 1American Tower announced $1.79 dividend ex-date April 14 and Q1 2026 earnings release scheduled for April 28.Mixed▶
American Tower declared a $1.79 cash dividend with ex-date April 14, 2026. Q1 2026 earnings announcement set for April 28. Q4 2025 revenue was $2.74 billion with FFO of $1.23 billion. Cost-saving initiatives expected to increase margins by 200-300 basis points over five years.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| AMTAMERICAN | $181.72 | -0.54% | +3.7% | 26.4x | 0.93 | $85.1B |
| CCICROWN | $89.38 | +0.68% | +2.5% | 30.0x | 0.96 | $38.7B |
| SBACSBA | $218.59 | -1.18% | +4.1% | 27.7x | 0.88 | $23.5B |
| WELLWELLTOWER | $217.35 | +0.00% | +8.2% | 66.1x | — | $153.2B |
| PLDPROLOGIS | $141.40 | -0.43% | +7.3% | 41.8x | 1.41 | $132.4B |
| EQIXEQUINIX | $1,082.36 | -0.04% | +6.6% | 49.5x | 1.00 | $106.8B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.