American Tower (NYSE:AMT) Given New $210.00 Price Target at The Goldman Sachs Group

American Tower (NYSE:AMT) had its target price cut by The Goldman Sachs Group from $230.00 to $210.00 in a research note released on Friday,MarketScreener reports. They currently have a buy rating on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on the stock. Argus set a $210.00 price objective on shares of American Tower in a research note on Thursday, October 30th. HSBC dropped their price objective on American Tower from $235.00 to $205.00 in a research report on Wednesday, October 29th. Barclays restated an “equal weight” rating and issued a $200.00 price target (down from $203.00) on shares of American Tower in a report on Monday, December 1st. Wells Fargo & Company reduced their price objective on shares of American Tower from $210.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Finally, Morgan Stanley cut their price target on shares of American Tower from $255.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, American Tower has a consensus rating of “Moderate Buy” and a consensus target price of $219.21.

American Tower Trading Up 1.3%

Shares of NYSE AMT opened at $183.82 on Friday. American Tower has a twelve month low of $166.88 and a twelve month high of $234.33. The firm has a market cap of $86.06 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 0.73 and a beta of 0.92. The business has a fifty day simple moving average of $177.86 and a two-hundred day simple moving average of $193.45. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 3.24.

American Tower (NYSE:AMT) last announced its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $2.78 EPS for the quarter, beating the consensus estimate of $2.64 by $0.14. American Tower had a return on equity of 28.79% and a net margin of 28.11%.The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the firm posted $2.52 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. Analysts expect that American Tower will post 10.14 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, December 29th will be paid a $1.70 dividend. The ex-dividend date is Monday, December 29th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.7%. American Tower’s dividend payout ratio is presently 108.63%.

Insider Buying and Selling

In other American Tower news, Director Eugene F. Reilly bought 5,554 shares of American Tower stock in a transaction dated Friday, October 31st. The stock was acquired at an average cost of $178.99 per share, for a total transaction of $994,110.46. Following the completion of the transaction, the director directly owned 5,689 shares of the company’s stock, valued at approximately $1,018,274.11. This represents a 4,114.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the completion of the transaction, the insider directly owned 211,379 shares in the company, valued at $14,743,685.25. This trade represents a 91.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMT. Norges Bank acquired a new position in American Tower in the 2nd quarter valued at about $1,371,875,000. Lazard Asset Management LLC raised its position in American Tower by 1,984.8% in the third quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock valued at $858,552,000 after purchasing an additional 4,250,242 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of American Tower by 24.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,666,082 shares of the real estate investment trust’s stock valued at $2,799,458,000 after purchasing an additional 2,474,328 shares during the last quarter. Viking Global Investors LP grew its holdings in shares of American Tower by 233.5% during the 2nd quarter. Viking Global Investors LP now owns 2,797,125 shares of the real estate investment trust’s stock worth $618,221,000 after purchasing an additional 1,958,329 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in American Tower in the 3rd quarter valued at about $305,872,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower News Roundup

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: CoreSite (an AMT subsidiary) launched native 400G AWS Direct Connect in Chicago, improving capacity and latency for high‑bandwidth cloud and AI workloads — a revenue‑supportive infrastructure enhancement for AMT’s data‑center business. AMT’s CoreSite Launches Native 400G AWS Direct Connect in Chicago
• Neutral Sentiment: CoreSite launch also reported by industry press (provides additional detail on customer/use‑case benefits and local market positioning). CoreSite Chicago Data Center Campus Now Offers AWS Native 400G Direct Connect
• Neutral Sentiment: AMT is named as a partner in coverage of AST SpaceMobile’s government/commercial activity — a reminder of AMT’s exposure to growing non‑tower connectivity opportunities but not a direct near‑term earnings driver. Pentagon Deal Sends AST SpaceMobile Soaring—Is This the Next Leg Up? (AMT)
• Negative Sentiment: Mizuho cut its price target on AMT to $189 from $217 while keeping a Neutral rating — a signal that valuation expectations within the REIT group were lowered and that analysts see less near‑term upside. Mizuho Reduces the Firm’s PT on American Tower (AMT) stock
• Negative Sentiment: RBC Capital/MarketScreener adjusted its price target to $195 from $220 and reiterated a sector‑perform/hold view, which reduces analyst‑driven upside and can cap short‑term gains. RBC Capital Reaffirms Their Hold Rating on American Tower (AMT)

American Tower Company Profile

American Tower (NYSE: AMT) is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company’s core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.

Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.