AMT - American Tower Corporation (REIT)

NYSE - NYSE Delayed Price. Currency in USD
-1.18 (-0.44%)
At close: 4:00PM EDT

264.21 0.00 (0.00%)
After hours: 5:15PM EDT

Stock chart is not supported by your current browser
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
Previous Close265.39
Bid258.02 x 800
Ask264.64 x 900
Day's Range262.53 - 268.63
52 Week Range174.32 - 269.25
Avg. Volume2,211,204
Market Cap117.126B
Beta (5Y Monthly)0.45
PE Ratio (TTM)61.73
EPS (TTM)4.28
Earnings DateJul 29, 2020 - Aug 03, 2020
Forward Dividend & Yield4.14 (1.56%)
Ex-Dividend DateJun 18, 2020
1y Target Est276.00

    Thursday Morning Market Highlights

    Markets in the green, Lindsay jumps on earnings Continue reading...

  • Spiros Segalas' Top 5 Buys in the 2nd Quarter

    Spiros Segalas' Top 5 Buys in the 2nd Quarter

    Harbor Capital leader establishes new position in WeChat parent Continue reading...

  • Tech-Exposed Real Estate Is Pulling Away From Other Properties

    Tech-Exposed Real Estate Is Pulling Away From Other Properties

    (Bloomberg) -- The same trends behind soaring stock prices for Inc. and Zoom Video Communications Inc. are benefiting shares in the companies associated with their real estate.Communication towers and data center stocks -- sometimes referred to as “where the internet lives” -- have seen some of the biggest gains in the S&P 500 so far this year as stay-in-place measures to combat the coronavirus have accelerated the demand for digital services and connectivity.Whereas the pandemic has severely hit many commercial property owners, shares in real estate investment trusts related to technology are outperforming. The combined market value gained by just five of those stocks is almost the same as the amount lost by 30 REITs specializing in malls and shopping centers, according to data compiled by Bloomberg News.“If you’re a real estate investor and your mandate is to own real estate, you’re obviously not doing very well owning offices or owning retail,” Cowen analyst Colby Synesael said in a phone interview.With more people at home, the demands on technology and its infrastructure have been tremendous, whether it’s allowing for online shopping, mobile streaming or working remotely. As a result, certain REITs have emerged as defensive plays for investors, Synesael said.American Tower Corp., Digital Reality Trust Inc., Equinix Inc., Crown Castle International Inc. and SBA Communications Corp. have added roughly $50 billion in total market capitalization this year, and valuations for towers and data centers have never been higher.Data centers, for instance, are trading at a roughly 15% premium to the overall REIT average on a price to estimated adjusted funds from operations basis, according to Berenberg analyst Nate Crossett. Historically they’ve traded at a 7% discount.As a global data center company, Equinix has boasted of its work building out coverage and scale for clients that have gone on to become household names in the work-from-home era including Zoom and Cisco Systems Inc.’s Webex.“Two significant customers of ours is Zoom and Webex -- both of whom obviously saw exceptional increases in their demand as work from home took off,” Chief Executive Officer Charles Meyers said in an interview. “We played a very key role in helping them ramp up their capacity to meet that demand. That was true also in networking cloud providers.”Meyers said it’s difficult to anticipate how much more revenue the company could see over time. In terms of demand, he pointed to recent overall online traffic trends, which surged 25% to 30% over a 30- to 45-day period-- growth that normally would take nine months to a year to achieve.Digital Realty Chief Financial Officer Andy Power said in an interview that the company had seen a pickup in data center demand from clients filling near-term gaps but that longer-term, he was “pleasantly surprised” at how larger enterprises were also taking this moment to plan for the future.“We’re seeing the criticality of our infrastructure playing out front and center while many of our other asset classes [in real estate] are seeing sloping rent,” he said. Even for clients in struggling industries such as travel, the company has seen increased deployments. “Our services are fundamentally mission critical for their businesses. You cannot book an airline ticket or any hotel reservation without the infrastructure we’re essentially providing.”Bloomberg Intelligence analyst Lindsay Dutch said the need for increased connectivity during the pandemic has demonstrated the importance of digital infrastructure, which is a long-term driver for the stocks.“If you think of everyone on their computers, trying to connect to their workplace and do all these Zoom calls and stream Netflix -- that creates more traffic and the need for power,” she said.Before the virus, shares in tech-related REITs had already been rising, catching the attention of investors, Cowen’s Synesael said.For communication towers, he noted a sea change in 2018 when Vanguard Group began adding towers to its investment portfolio, prompting more investors to do the same ahead of the U.S. rollout of 5G spectrum.Unlike data centers, tower stocks aren’t seeing a fundamental change in earnings from the pandemic, Synesael said. However, they are still benefiting from trends Covid-19 has accelerated like mobile data use, which Synesael expects to continue.Despite their relative premium, Berenberg’s Crossett said that on an absolute basis “there’s still plenty of room to run” for data center stocks.“To the extent that there’s a pullback, I would be adding to these names,” he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • The Coming 5G Boom Is Not Fully Priced in These 3 Stocks

    The Coming 5G Boom Is Not Fully Priced in These 3 Stocks

    The late, great, Neil Peart wrote, in Tom Sawyer, “He knows changes aren’t permanent, but change is.” His words are an apt description of our modern world, an ever-changing landscape of pending tech. Right now, the shiny new change is 5G.Even the coronavirus couldn’t fully derail the coming build-out of the new 5G networks. It only delayed it. China and Korea are leading the world right now in bringing 5G networks online, with the US expanding its own new systems and Europe lagging behind. In the US, most urban areas have at least partial 5G connectivity online, and the major service providers are working to connect those centers.For investors, the key here will be finding companies that are primed to gain as 5G expands. It’s tempting to invest directly in the service providers; AT&T, Verizon, and T-Mobile/Sprint, the three largest wireless providers, are all heavily invested in 5G networks. But they face certain headwinds that make them less than ideal as 5G investments – for the present. They are absorbing the costs of the new networks, but without bringing in the new service fees to cover those costs. From a consumer perspective, the new service is more expensive, but hasn’t surpassed existing 4G in convenience – yet.This leaves investors seeking the right place to put their money, to benefit from 5G rollouts. Two segments come to mind, both deeply involved in different ways. The first is semiconductor chips; the second, surprisingly, are real estate investment trusts. These companies, inhabiting such different niches, find themselves well-positioned to profit – for different reasons – as 5G networks expand. Those different reasons are interesting to explore, as we open the TipRanks database to see what makes semiconductors and REITs compelling investments for 5G. Let's take a closer look. Broadcom, Inc. (AVGO)First up is a long-running major market player, a large-cap stock and a perennial champion for dividend investors. Broadcom is also one of the world’s largest semiconductor chip makers, ranked the sixth biggest by annual revenue in 2019, and reporting $5.25 billion in earnings in the first quarter of 2020.Broadcom has been making waves in 5G throughout 1H20. In February, the company announced completion of a 5G switching portfolio, designed for high-capacity switches and offering the feature set needed to meet new 5G tech standards. In March, Broadcom was noted by Forbes as one of the leaders in 5G wireless infrastructure; the company is deeply invested in providing chips that power the new devices. And earlier this month, handset maker Nokia, which has been having trouble in recent months sourcing 5G chips in sufficient quantity to meet demand, signed Broadcom on a supplier of 5G chips for Nokia’s ReefShark line.With all of this good news for the company, it’s no wonder that AVGO shares have climbed 85% since hitting bottom on March 18, dramatically outperforming the broader markets. Q2 saw revenue grow to $5.74 billion, up 9% sequentially. And, despite the ongoing pandemic, the company has maintained its generous dividend, declaring $3.25 per share on June 4. The current dividend annualizes to $13 and gives an impressive yield of 4.3%.Writing on AVGO for Deutsche Bank is 5-star analyst Ross Seymore, rated 26 overall in the TipRanks analyst database. Seymore notes the Nokia arrangement, and points out that it plays to Broadcom’s strengths in addressing the 5G needs of OEM customers: “We view [the Nokia] announcement as evidence that the co's investments and engagement with infrastructure OEMs on solutions within the base station which AVGO referenced in December, are bearing fruit. Broadcom's strength in custom ASICs and in routing and switching have enabled the co to leverage its Ethernet technology in bringing the network to the Edge (base stations).”To this end, Seymore rates AVGO a Buy alongside a $360 price target, indicating a potential 16% upside for the stock this year. (To watch Seymore’s track record, click here)All in all, Broadcom has a Strong Buy from the analyst consensus, with 24 reviews breaking down to 21 Buys and only 3 Holds. Shares are priced at $311.30, and the average price target of $350.18 suggests an upside potential of 13%. (See AVGO stock analysis on TipRanks)SBA Communications (SBAC)The next stock on our list operates as a REIT, focused on cellular infrastructure sites. Specifically, SBA Communications owns small cells, distributed antenna systems, and traditional cell sites throughout the Americas and South Africa. SBA both leases and develops the properties in its portfolio – a business that perfectly positions the company to profit as telecom carriers and providers increase and densify their networks to accommodate 5G technology. This process naturally requires new cell towers, antenna placements, and small cells – and that is SBA’s core business.Standing as it does at the center of the 5G expansion, SBA is already showing gains. The company’s stock is up 4.6% since February, having fully recovered from the market collapse in February/March and survived several weeks of price volatility that followed. It’s not just share price that has gained despite coronavirus-inspired recessionary pressures. SBA has reported modest sequential gains in quarterly earnings since the beginning of 2019, a trend that continued in Q1 2020. Credit Suisse analyst Sami Badri is confident in this company’s business model and solid balance sheet. He writes, “We believe the evidence points to an initial majority mid-band spectrum buildout. Mid-band spectrum will mainly be utilized on macro towers, given its solid propagation characteristics, therefore the initial 5G wave should favor macro tower focused SBAC… With SBAC capable of raising debt at such modest rates (3.875% May 19th) while maintaining its broader tower asset ROIC of 10%, we are comfortable and constructive with its current leverage profile.”Badri rates SBAC an Outperform (i.e. Buy), and his $361 price target indicates his belief in a 23% upside potential for the stock. (To watch Badri’s track record, click here)Overall, the analyst consensus rating on SBAC, a Strong Buy is based on a 9-to-1 split between Buy and Hold reviews. The average price target, $328, implies an upside of 12% from the current trading price of $293.78. (See SBAC stock analysis on TipRanks)American Tower (AMT)Last up is American Tower, the Boston-based REIT with a global portfolio containing more than 180,000 cellular broadcast tower and wireless communication sites. The core of the portfolio is in the US, but the company has been expanding internationally, both to supplement the core holdings and to take advantage of the global nature of wireless com systems. AMT currently holds more than 40,000 US cellular sites, along with 75,000 Asia and 37,000 in Latin America.As wireless providers expand their networks to introduce 5G connections, AMT is a logical beneficiary. Due to the shorter range of 5G systems, a denser tower network will be required; AMT, which owns and leases such sites, is ramping up acquisitions to take advantage. AMT derives most of its customer base – on the order of 88% – AT&T, Verizon, and Sprint/T-Mobile. These companies are not going anywhere, and lend a sense of permanence to AMT’s holdings.In addition, due to the long-term nature of cellular leases, AMT features a high proportion of recurring revenue in its portfolio – a feature that has insulated the company from the impact of COVID-19. AMT reported sequential gains in earnings for Q1, the coronavirus quarter, and share prices have shown a net gain during the last few months of market volatility.Analyst Sami Badri covers AMT shares as well, and he writes of the stock: “We expect Massive MIMO antennas to place more weight on towers, while taking up the same amount of physical vertical space or more on the structure. This will result in more revenue from tower leasing activity for AMT, which we expect to appear primarily as amendment revenues.”Badri is bullish on AMT, giving the stock a Buy rating with a $300 price target. His target implies an upside of 13% in the coming 12 months. Once again, we’re looking at a stock with a Strong Buy analyst consensus rating. AMT’s rating is based on 14 reviews, including 12 Buys and just 2 Holds. Shares are selling for $265.60, and the $269.42 suggests a modest upside this year. (See AMT stock-price forecast on TipRanks)To find good ideas for 5G stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • Investopedia

    Cell Tower REITs Gain on Unusually High Volume

    Play the expanding 5G rollout with these cell tower REITs. Here are three trading ideas to consider.

  • Thomson Reuters StreetEvents

    Edited Transcript of AMT.N earnings conference call or presentation 29-Apr-20 12:30pm GMT

    Q1 2020 American Tower Corp Earnings Call

  • American Tower Is Still Signaling Upside

    American Tower Is Still Signaling Upside

    During the Lightning Round segment of Mad Money Monday night one caller asked Jim Cramer about American Tower Corp. . In the daily bar chart of AMT, below, we can see that while the shares were weak in March and early April, the bigger picture is that prices have maintained an uptrend. The On-Balance-Volume (OBV) line made a low in March and a successful retest in May. Overall the OBV line tells us that there has been some more aggressive buying.

  • Cramer Gives His Opinion On American Tower, Virgin Galactic And More

    Cramer Gives His Opinion On American Tower, Virgin Galactic And More

    On CNBC's "Mad Money Lightning Round," Jim Cramer said he's concerned about American Tower Corp (NYSE: AMT) because James Taiclet is not running it anymore.Cramer doesn't like Virgin Galactic Holdings Inc (NYSE: SPCE). It has been short-squeezed all the way up and he sees it as too dangerous.He would sell half of the position in Targa Resources Corp (NYSE: TRGP). He doesn't like the stock.Cramer is a seller of Aurora Cannabis Inc (NYSE: ACB).Nikola Corporation (NASDAQ: NKLA) is hot as a pistol and people on Twitter are trying to gun it every day, said Cramer. He needs to do more work on the stock.Cramer would buy Skyworks Solutions Inc (NASDAQ: SWKS) because it has a fabulous 5G chips.He would sell a position in FuelCell Energy Inc (NASDAQ: FCEL) or at least a half of it.See more from Benzinga * Mike Khouw Sees Unusual Options Activity In Barrick Gold * Cramer Weighs In On Raytheon, Howard Hughes And More * Mike Khouw Sees Unusual Activity In Lululemon Ahead Of Earnings(C) 2020 Benzinga does not provide investment advice. All rights reserved.

  • Why You’re Smart to Buy American Tower
    Motley Fool

    Why You’re Smart to Buy American Tower

    Current hot growth trends include artificial intelligence, the Internet of Things, 5G communications, and telemedicine. American Tower (NYSE: AMT) is a direct proxy to the growth of the 5G industry, as the communication tower operator owns a portfolio of approximately 18,000 communication sites. Here are some reasons why purchasing shares of American Tower looks like a great move.

  • American Tower Corporation to Present at the Credit Suisse 22nd Annual Virtual Communications Conference
    Business Wire

    American Tower Corporation to Present at the Credit Suisse 22nd Annual Virtual Communications Conference

    American Tower Corporation (NYSE: AMT) today announced that Rod Smith, its Executive Vice President, Chief Financial Officer and Treasurer, is scheduled to present at the Credit Suisse 22nd Annual Virtual Communications Conference, on Tuesday, June 16, 2020 at 11:20 a.m. ET. A live audio webcast link for the virtual event will be available on the Company's website.

  • American Tower (AMT) Gains But Lags Market: What You Should Know

    American Tower (AMT) Gains But Lags Market: What You Should Know

    American Tower (AMT) closed at $264.89 in the latest trading session, marking a +1.99% move from the prior day.

  • American Tower Corporation Calls for Redemption All of Its Outstanding 3.450% Senior Notes and 3.300% Senior Notes
    Business Wire

    American Tower Corporation Calls for Redemption All of Its Outstanding 3.450% Senior Notes and 3.300% Senior Notes

    American Tower Corporation (NYSE: AMT) today announced its election to call for redemption all of its outstanding 3.450% senior unsecured notes due 2021 and all of its outstanding 3.300% senior unsecured notes due 2021. The redemption date for each set of notes has been set for July 6, 2020. In accordance with the redemption provisions of the 3.450% notes and the Indenture, dated as of May 23, 2013 (the "Base Indenture"), as supplemented by the Supplemental Indenture No. 2, dated as of August 7, 2014, the 3.450% notes will be redeemed at a price equal to the principal amount of the 3.450% notes plus a make-whole premium calculated pursuant to the terms of the indenture, together with accrued and unpaid interest, if any, up to, but excluding, the redemption date. In accordance with the redemption provisions of the 3.300% notes and the Base Indenture, as supplemented by the Supplemental Indenture No. 4, dated as of January 12, 2016, the 3.300% notes will be redeemed at a price equal to the principal amount of the 3.300% notes plus a make-whole premium calculated pursuant to the terms of the indenture, together with accrued and unpaid interest, if any, up to, but excluding, the redemption date. The Company intends to fund the redemptions with borrowings under its $2.35 billion senior unsecured revolving credit facility, as amended and restated in December 2019, and cash on hand.

  • Dow Jones Surges 400 Points On Jobs Data, As Civil Unrest Continues; CrowdStrike, Zoom Video Jump On Earnings
    Investor's Business Daily

    Dow Jones Surges 400 Points On Jobs Data, As Civil Unrest Continues; CrowdStrike, Zoom Video Jump On Earnings

    The major stock indexes were higher early Wednesday amid continued civil unrest and payroll data. Apple neared an all-time high.

  • IBD 50 Stocks To Watch: REIT Stock Leader American Tower Hits New Buy Point And Is In Buy Range
    Investor's Business Daily

    IBD 50 Stocks To Watch: REIT Stock Leader American Tower Hits New Buy Point And Is In Buy Range

    Tuesday's IBD 50 Stocks To Watch pick, American Tower, is in buy range after Monday's breakout.

  • Love Dividends? 2 Stocks You Might Want to Buy
    Motley Fool

    Love Dividends? 2 Stocks You Might Want to Buy

    Exposure to 5G tailwinds and the increasing importance of connectivity could help make these stocks big winners.

  • American Tower Corporation Prices Senior Notes Offering
    Business Wire

    American Tower Corporation Prices Senior Notes Offering

    American Tower Corporation (NYSE: AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2025, 2030 and 2050, in aggregate principal amounts of $500.0 million, $750.0 million and $750.0 million, respectively. The 2025 notes will have an interest rate of 1.300% per annum and are being issued at a price equal to 99.719% of their face value. The 2030 notes will have an interest rate of 2.100% per annum and are being issued at a price equal to 99.425% of their face value. The 2050 notes will have an interest rate of 3.100% per annum and are being issued at a price equal to 99.014% of their face value. The net proceeds of the offering are expected to be approximately $1,968.2 million, after deducting underwriting discounts and estimated offering expenses. American Tower intends to use the net proceeds to repay existing indebtedness under its $2.35 billion senior unsecured revolving credit facility, as amended and restated in December 2019, and for general corporate purposes.

  • Small Caps, IBD 50 Lead Stocks; These Leaders Break Out Past Buy Points
    Investor's Business Daily

    Small Caps, IBD 50 Lead Stocks; These Leaders Break Out Past Buy Points

    Small caps and the IBD 50 outperformed the main indexes in late trading Monday, as the stock market extended last week's optimistic tone.

  • Better Buy: AT&T vs. American Tower
    Motley Fool

    Better Buy: AT&T vs. American Tower

    When it comes to high-yield but stable dividend payments, AT&T (NYSE: T) is a solid option. The company's acquisition of Time Warner (now the company's Warner Media group) was a high price tag that racked up significant debt, and the media business is now in decline due to the economic lockdown to halt the spread of COVID-19. For investors looking for income, then, American Tower (NYSE: AMT) may get overlooked.

  • Why Is American Tower (AMT) Up 8.5% Since Last Earnings Report?

    Why Is American Tower (AMT) Up 8.5% Since Last Earnings Report?

    American Tower (AMT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • 7 5G Stocks to Buy for the Future of Telecom

    7 5G Stocks to Buy for the Future of Telecom

    5G or fifth-generation telecom promises huge changes in the way we interact with technology. For investors, this means it's time to think about 5G stocks.5G will not only be faster, but it will provide more bandwidth. This means that we, and the companies that provide us with data, can provide more data simultaneously.If I can lean on the analogy of water through a hose -- not only will the water move faster through the hose, but the hose will also increase in size. This is going to mean that wireless connections will be as fast, and in some places faster, than the available wireline services.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt will mean technologies like smart cars and everything provided through cloud services will be accessed in near real time, wherever you are. It will also change providers' ability to share content like movies, games or teleconferences. Along the way, the companies facilitating all of this could see enormous upside in their share prices. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure And the seven 5G stocks looking to the future that I feature below are laying the tracks for the next telecom expansion across the U.S. and the world. * Ciena (NYSE:CIEN) * Intel (NASDAQ:INTC) * Lumentum (NASDAQ:LITE) * American Tower REIT (NYSE:AMT) * Crown Castle International (NYSE:CCI) * Qualcomm (NASDAQ:QCOM) * Texas Instruments (NASDAQ:TXN) 5G Stocks to Buy: Ciena (CIEN)Source: Michael Vi / This optical networking firm has been around since 1992. It's been around so long, it's headquartered in quiet Hanover, Maryland, since Silicon Valley was just glimmer in geeks' eyes back then.It was way ahead of its time. It specializes in optical networking equipment. The thing was, back then, fiber optic cable was as scarce as hen's teeth. It was a play on the future of the internet.Before the tech bubble burst, CIEN stock traded as high as $847 a share. But those were the days when brokers were telling clients that growth was the new income and a growth stock wasn't respectable if it didn't have a triple-digit price-earnings ratio.But CIEN made it through, which is testament to its management and its technology. Now, 20 years later, it is one of the leading companies in the vibrant and expanding optical networking space.The stock is up 56% in the past 12 months and 28% year to date. Yet, it still only trades at a P/E of 30. Intel (INTC)Source: JHVEPhoto / The computer you're using to read this likely has an Intel chip or two inside it. It's the largest semiconductor company in the world and invented the x86 chip that sits in almost every personal computer. And next month it will celebrate its 51st birthday.Intel has had its struggles remaining at the top of the chip heap. Management didn't get in the mobility sector until it was too late, and missed a huge opportunity in the smartphone world. But it is well-positioned in the internet of things (IOT), and has found opportunities in markets like 5G, AI, memory and networking as well.The competition is tough. CEO Bob Swan is an industry veteran but not a career Intel guy, and he took over in January 2019. Much of his leadership career was operating as a CFO for various large tech firms, so it will be interesting to see if he can keep INTC moving in the right directions. * 7 Cheap Stocks to Buy With Great Potential So far, so good. The stock is up 42% in the past year and 3% year to date. It also delivers a solid 2.1% dividend. And besides INTC itself, the 5G upgrade offers investors the chance to buy potentially the "next Intel" today. Lumentum (LITE)Source: Michael Vi / This company is also in the optical networking sector, but it launched just five years ago. And instead of focusing on the optical switching aspects, LITE focuses on the distribution and transmission of fiber optic networks.It also makes a variety of lasers for numerous applications. The lasers are used to build equipment in industries as varied as the automotive sector to mobile phones and semiconductors. And they are used for 3D sensing equipment.Just as cloud computing ultimately needs real hardware to operate, mobile networks need the fastest data transmission possible. And for now, that's fiber optic cables.That means that the greater the global demand for 5G, the more business LITE stands to gain. Also, the more we rely on advanced technologies, the more demand there will be to build more advance devices.The stock is up 72% in the past year and is off 9% year to date. American Tower REIT (AMT)Source: Pavel Kapysh / As you well know, mobile signals need mobile transmission towers. AMT is one of the top tower companies in the world, and it's one of the top 5G stocks to buy.It has operations across North America, Latin America, Europe, Africa and Asia. Since towers are property, AMT became a real estate investment trust (REIT), which has tax advantages for the company and the shareholders. All REITs consider shareholders direct owners and distribute net income via a dividend.5G is going to need towers because its antenna are different than previous generations of telecom services. Given the fact that AMT already has more than 180,000 towers around the world, and a solid history as a reliable partner, it's well positioned for the 5G wave.It continues to acquire smaller broadcast companies around the globe, including India and Africa, where mobile telecom is much denser than traditional wireline services. * 25 Stocks to Buy for the Reopening Rally The stock is up 27% in the past year and 12% year to date. It also provides a 1.7% dividend. It's among my top stocks for the worldwide 5G upgrade taking hold now. Crown Castle International (CCI)Source: Casimiro PT / This is another tower company, but it has two difference from AMT. First, it focuses its operations on the U.S., where it has over 40,000 towers.Second, it also has a significant small cells business for denser spots like office buildings and stadiums, as well as more than 80,000 miles of fiber optic cable. These are key sectors for 5G stocks because 5G has unique challenges in cities, and venues like stadiums will have growing challenges as events become carried on live streams and guests will be sharing across social media.CCI is also a REIT and is delivering an impressive 3% dividend currently. The stock is up 34% in the past 12 months, and 19% year to date.Owning both AMT and CCI stock captures a significant amount of the potential 5G transmission sector, but both stocks are trading at premiums currently. Qualcomm (QCOM)Source: JHVEPhoto / This telecom chipmaker has been around since 1985 and has been a major player in the mobility revolution. Its origins were building out CDMA telecom technology for commercial trucking operations. When mobile phones came out, one of the leading channels used for phones in the U.S. became CDMA.Now, CDMA and GSM run all the phones around the world and most chips can switch from one channel to the other if necessary.QCOM makes more money on licensing its patents than it does on actually shipping chips. That means it doesn't have to build massively expensive chip plants, and focuses on design rather than production.However, Qualcomm has run into antitrust issues. A few years ago it had to pay out massive fines to China and other countries that sued it because of its monopolistic hold on mobile phone infrastructure.But those days are behind it, and it is certainly going to be a major player as 5G starts to roll out globally.The stock is up 20% in the past year and off almost 12% year to date. It has an impressive 3.2% dividend and is trading at a reasonable P/E of 23. Texas Instruments (TXN)Source: Katherine Welles / Many people remember TXN as the company that built the coolest calculators around. And the fact is, it continues to make the default calculators for most high school students.But Texas Instruments, which has been around since 1930, is also one of the biggest chipmakers in the world. Nearly 80% of its revenue comes from analog chips and embedded processors. Analog chips convert analog inputs -- like voice -- into digital form for processing. And embedded processors are dedicated systems that provide a function within a larger piece of equipment or system. Think a sound system inside a car.These aren't sexy, but they are everywhere. And TXN can produce high-quality, reliable chips and processors in huge quantities. With everything going digital, that means TXN is in a growth business and is already producing at scale, and making money doing it.Not every aspect of our digital lives has to be built from cutting-edge designs; keeping some things simple makes high-performance equipment easier to maintain and more reliable. And TXN is certainly keeping up with the biggest trends, including 5G, but it is a significant supporting player, not a headliner.The stock is up nearly 14% in the past 12 months, and off 10% year to date. It also offers a durable and generous 3% dividend.Texas Instruments and other hardware makers I've mentioned here today are great examples of 5G stocks that stand to benefit from the 5G revolution.And I see even better potential with the companies that are making this massive infrastructure upgrade possible in the first place! The 5G Buildout Is an Incredible Opportunity for Investors Right NowWithin two years, most cell phones will be 5G enabled and be able to wirelessly handle television streaming. With 5G, we'll have cable modem speeds on any device; no need to plug in. That's a big deal for rural areas … the very same areas that are also key to President Donald Trump's reelection. So, by pushing 5G over the goal line, Trump will deliver a big win for his base -- and strike a blow against Chinese rivals like Huawei Technologies.But, in the big picture, 5G is about much more than trade wars and faster downloads. Because 5G is 100 times faster than 4G, it'll allow your internet devices to work in real time. That advancement is a game changer for tech companies.With the 5G infrastructure market set to grow at an annual rate of 67% over the next 10 years, the entire market will go from $780 million to nearly $48 billion. This buildout is where I see opportunity with 5G stocks now.Cable companies can do their best to fight back with fiber optics … but they can't compete with the convenience of a smartphone, once it's got ultra-fast 5G. That's how my 5G infrastructure play will capture more market share from the broadband cable companies.The stock I'm targeting is enjoying an influx of big money on Wall Street, and it has strong fundamentals, too -- making it an A-rated "Strong Buy" in my Portfolio Grader system.Click here to watch my new, free briefing on this extraordinary technology and the opportunity with 5G stocks.When you do, you'll see how to claim a free copy of my investment report, The King of 5G "Turbo Button" Technology, which has full details on this company -- and what makes it such a great buy now.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post 7 5G Stocks to Buy for the Future of Telecom appeared first on InvestorPlace.

  • American Tower Corporation to Present at Nareit's Reitweek: 2020 Virtual Investor Conference
    Business Wire

    American Tower Corporation to Present at Nareit's Reitweek: 2020 Virtual Investor Conference

    American Tower Corporation (NYSE: AMT) today announced that Tom Bartlett, its President and Chief Executive Officer, is scheduled to present at Nareit’s REITweek: 2020 Virtual Investor Conference, on Tuesday, June 2, 2020 at 2:15 p.m. ET. A live audio webcast link for the virtual event will be available on the Company's website.

  • Hedge Funds Pile Into American Tower Corporation (AMT) During The Crash
    Insider Monkey

    Hedge Funds Pile Into American Tower Corporation (AMT) During The Crash

    We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]