If You Invested $10,000 In American Tower Stock 10 Years Ago, How Much Would You Have Now?

American Tower AMT, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 148,000 communications sites and a highly interconnected footprint of U.S. data center facilities.

It is set to report its Q4 2024 earnings on Feb. 25, before the market opens. Wall Street analysts expect the company to post EPS of $2.36, up from $2.29 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $2.53 billion, down from $2.79 billion a year earlier.

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If You Bought American Tower Stock 10 Years Ago

The company's stock traded at approximately $96.40 per share 10 years ago. If you had invested $10,000, you could have bought roughly 104 shares. Currently, shares trade at $189.52, meaning your investment's value could have grown to $19,660 from stock price appreciation alone. However, American Tower also paid dividends during these 10 years. 

American Tower's dividend yield is currently 3.42%. Over the last 10 years, it has paid about $42.06 in dividends per share, which means you could have made $4,363 from dividends alone. 

Summing up $19,660 and $4,363, we end up with the final value of your investment, which is $24,023. This is how much you could have made if you had invested $10,000 in American Tower stock 10 years ago. This means a total return of 140.23%. However, this figure is significantly below the S&P 500 total return for the same period, which was 227.39%.

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What Could The Next 10 Years Bring? 

American Tower has a consensus rating of "Buy" and a price target of $236 based on the ratings of 26 analysts. The price target implies more than 24% potential upside from the current stock price.

On Oct. 29, the company announced its Q3 2024 earnings, posting AFFO of $2.52, compared to the consensus estimate of $2.58, and revenues of $2.52 billion, compared to the consensus of $2.76 billion, as reported by Benzinga.

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The company reduced the midpoints of its full year 2024 outlook for AFFO attributable to AMT common stockholders and AFFO attributable to AMT common stockholders per share by $30 million and $0.07, respectively, due to the closing timing for the sale of ATC India, which was not assumed in the prior outlook. Excluding the impacts associated with the updated closing timing, the company raised its AFFO attributable to AMT common stockholders and AFFO attributable to AMT common stockholders per share midpoints by $25 million and $0.05, respectively.

Check out this article by Benzinga for 6 analysts' insights on American Tower.

Given the expected upside potential, growth-focused investors may find American Tower stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 3.42% and consistent hikes. American Tower has raised its dividend consecutively for the last 13 years.

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