American Tower (AMT) has declared a new quarterly dividend of $1.79 per share, drawing attention to its valuation. The stock currently trades at a P/E ratio of 34.7x, which is higher than the North American specialized REITs group average but close to its peer average and estimated fair P/E. While the P/E suggests an “about right” valuation, a discounted cash flow (DCF) model indicates the shares might be trading at a 30.1% discount compared to their estimated future cash flow value.
A Look At American Tower (AMT) Valuation After The New $1.79 Quarterly Dividend Decision
American Tower (AMT) has declared a new quarterly dividend of $1.79 per share, drawing attention to its valuation. The stock currently trades at a P/E ratio of 34.7x, which is higher than the North American specialized REITs group average but close to its peer average and estimated fair P/E. While the P/E suggests an “about right” valuation, a discounted cash flow (DCF) model indicates the shares might be trading at a 30.1% discount compared to their estimated future cash flow value.