American Tower (NYSE:AMT) shares are up on Tuesday as investors digested the company's latest earnings update while broader markets stayed under pressure. The move comes with the Real Estate sector down 0.2% and the S&P 500 lower by 0.5%, keeping rate-sensitive REITs on the defensive.
- American Tower stock is trading at depressed levels. What’s ahead for AMT stock?
American Tower Beats Market Expectations
American Tower reported first-quarter funds from operations (FFO) of $2.84, topping the $2.58 estimate, while sales came in at $2.738 billion versus a $2.657 billion estimate.
American Tower raised its FY2026 funds from operations (FFO) guidance range to $10.90–$11.07, up from $10.78–$10.95, versus a $10.56 estimate. The update keeps attention on how management sees leasing demand and cash-flow durability setting up into 2026.
The broader market is trending lower today, with the S&P 500 down 0.51% and the Nasdaq down 0.91% as market breadth leans negative (advance/decline ratio: 0.8). Real Estate is also slipping 0.23% and ranks 6 out of 11 sectors, and AMT is holding up slightly better than the group.
Stock Trades Close To Recent Lows
American Tower is still working through a longer-term downtrend, with price sitting closer to its 52-week low ($165.08) than its 52-week high ($234.33), which keeps the bigger-picture tone cautious. The stock is trading 0.4% below its 20-day simple moving average (SMA) and 1.6% below its 100-day SMA, which points to soft near-term demand and a still-choppy intermediate trend.
The moving-average structure remains a headwind: the 20-day SMA is below the 50-day SMA, and the death cross that formed in September 2025 (50-day falling below the 200-day) continues to reflect a market that has favored sellers on longer timeframes. The moving average convergence divergence (MACD), a trend/momentum measure, is above its signal line with a positive histogram, which leans toward improving momentum compared with the prior downswing.
MACD being above the signal line means downside pressure is easing, even if the trend hasn't fully flipped.
- Key Resistance: $184.00 — a level where rallies have recently stalled.
- Key Support: $165.00 — an area where buyers have tended to show up near the lows.
The 12-month return is down 16.74%, which fits with the stock's position below its 200-day SMA and the lingering impact of the September 2025 death cross. For longer-term bulls, the chart is still about whether the stock can reclaim the $184.00 area and start building higher lows instead of revisiting the $165.00 floor.
Shares Drop On Tuesday
AMT Stock Price Activity: American Tower shares were up 1.10% at $177.22 at the time of publication on Tuesday, according to Benzinga Pro data.
Image: Shutterstock
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