American Tower Corporation (REIT) (AMT) Company Bio
American Tower Corporation is a real estate investment trust. It invests in the real estate markets across the globe. The firm engages in leasing of space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies and municipalities and tenants in a number of other industries. American Tower Corporation was founded in 1995 and is headquartered in Boston, Massachusetts.
AMT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for American Tower Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that American Tower Corp ranked in the 31th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. As for the metrics that stood out in our discounted cash flow analysis of American Tower Corp, consider:
American Tower Corp's weighted average cost of capital (WACC) is 8%; for context, that number is higher than merely 19.72% of tickers in our DCF set.
American Tower Corp's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than only 11.68% of stocks in its sector (Real Estate).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
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American Tower Corporation (REIT) (AMT) BofA Securities 2020 Global Real Estate Conference September 16, 2020 09:00 AM ET Company Participants Igor Khislavsky - Senior Vice President of Finance Conference Call Participants David Barden - Bank of America Merrill Lynch Presentation David Barden Good morning, everybody. Thank you for joining us...
SA Transcripts on Seeking Alpha | September 16, 2020
Often overlooked amid the market's gyrations, dividend income is an important element of total return. Consider recent results: in 2015, the S&P 500 delivered a total return of 1.4%, including dividends -- but excluding dividends, the market was down 0.7%. Capital gains were a bit easier to achieve in 2016-17, though we note that dividend payments still contributed about 15%-20% of total return for investors. And dividend payments softened the blow in 2018, when most market indices declined as the Federal Reserve hiked rates. Between 1930 and 2012, dividend income accounted for 42% of total return of the S&P 500, according to Morgan Stanley. Not all dividends are created equal, though, and it is important to understand the difference between high-yield stocks and dividend-growth sto...
This article was co-produced with James Marino Sr. of Portfolio Insight. We monitor dividend increases for stocks using [Dividend Radar], a weekly automatically generated spreadsheet listing stocks with dividend streaks of five years or more. The Dividend Radar spreadsheet separates stocks into categories based on the length of the streak:...