American Tower: Still A Great Time To Buy Shares Of This Cell Tower Giant


  • American Tower is a large cell tower REIT with a market cap over $100B.
  • With their international footprint, attractive lease terms, and tailwinds for data usage and cell service, American Tower has the potential for continued growth in spite of its size.
  • Shares currently trade at a price/FFO of 21.9x, which is slightly below the average multiple.
  • The company has provided quarterly raises for a decade, and their 2.9% yield is near the all time highs for the company.
  • For dividend growth investors, American Tower is a great company at a fair price.

Telecommunication Tower With Antennas At Sunset


Since the start of the year, markets have rallied strongly with the S&P 500 (SPY) (VOO) up 7% while the Nasdaq 100 (QQQ) is up over 13%. Both have been driven by strong share


Price/FFO (

Disclosure: I/we have a beneficial long position in the shares of AMT, CCI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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