With a short percentage of shares outstanding of 1.93%, American Tower Corporation (NYSE:AMT) is among the 7 Best “Land Owner” Stocks to Buy for Hard Asset Value.
On June 4, American Tower Corporation (NYSE:AMT) disclosed in a regulatory filing that it had delivered a notice of termination, effective June 2, 2026, to DISH Wireless regarding the Strategic Collocation Agreement and related agreements originally entered into in March 2021. The company stated that all DISH-related revenue has been reflected in churn since January 1, 2026. Therefore, the termination is not expected to have any impact on its financial results for the year ending December 31, 2026. American Tower also noted that it continues to pursue litigation against DISH concerning obligations under the agreement, while emphasizing that the anticipated financial effect of the termination has already been incorporated into its operating outlook.
On May 19, Bernstein upgraded American Tower Corporation (NYSE:AMT) to Outperform from Market Perform while maintaining a $207 price target. The firm argued that investors are overstating the risks facing the company and failing to adequately recognize its long-term growth potential. Bernstein highlighted that the shares are trading at a valuation multiple near five-year lows, creating what it views as an attractive buying opportunity. The firm also addressed concerns surrounding direct-to-device satellite technology, contending that meaningful competition with terrestrial wireless networks would still require substantial terrestrial infrastructure or partnerships with mobile network operators. According to Bernstein, either scenario would likely support continued demand for communications tower assets, benefiting companies such as American Tower.
Founded in 1995 and headquartered in Boston, Massachusetts, American Tower Corporation (NYSE: AMT) is a global real estate investment trust (REIT) that owns, develops, and operates multitenant communications infrastructure. It acquires real estate, leasing vertical tower space to major wireless carriers under long-term contracts, and provides an inflation hedge through tangible, highly essential physical infrastructure.
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