American Tower Corp vs T Rowe Price Group Inc — how do they compare? American Tower Corp trades at $169 (market cap $79.00B), while T Rowe Price Group Inc trades at $116.99 (market cap $24.26B). The key difference: American Tower Corp is far larger — about 3.3× T Rowe Price Group Inc's market cap, and T Rowe Price Group Inc pays the higher dividend (4.57%). Which is the better fit depends on your goals.
| AMT | TROW | |
|---|---|---|
Market Cap | $79.00B | $24.26B |
Sector | Real Estate | Financials |
52-Week High | $211.88 | $121.68 |
52-Week Low | $162.11 | $86.19 |
Enterprise Value | $122.53B | $21.46B |
Dividend Yield | 4.12% | 4.57% |
Trailing returns across standard periods
American Tower owns and operates more than 220,000 cell towers throughout the U.S., Asia, Latin America, Europe, and Africa. It also owns and/or operates 25 data centers in eight U.S. markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the U.S., which accounted for more than half of its total revenue in 2021. Outside the U.S., American Tower's greatest presence is in India and Brazil, where it operates roughly 75,000 and 19,000 towers, respectively. American Tower operates as a real estate investment trust.
Read more on AMT →T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. At the end of August 2022, the firm had $1.339 trillion in managed assets, composed of equity (54%), balanced (30%), fixed-income (13%), and alternatives (3%) offerings. Approximately two thirds of the company's managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a U.S.-based asset manager, deriving just under 10% of its AUM from overseas.
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