Sanford C. Bernstein Issues Pessimistic Forecast for American Tower (NYSE:AMT) Stock Price

American Tower (NYSE:AMT) had its target price decreased by stock analysts at Sanford C. Bernstein from $214.00 to $212.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Sanford C. Bernstein’s target price would indicate a potential upside of 15.85% from the company’s previous close.

AMT has been the topic of several other research reports. Weiss Ratings lowered American Tower from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Mizuho set a $208.00 price objective on shares of American Tower in a research note on Thursday, August 20th. Barclays upped their price objective on shares of American Tower from $198.00 to $199.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 30th. Royal Bank Of Canada upgraded shares of American Tower from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $195.00 to $205.00 in a report on Friday, June 26th. Finally, BMO Capital Markets raised their target price on shares of American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $214.90.

American Tower Stock Down 1.2%

Shares of NYSE AMT opened at $182.99 on Tuesday. American Tower has a 52-week low of $160.06 and a 52-week high of $196.08. The firm has a market capitalization of $85.27 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 2.97 and a beta of 0.88. The stock has a 50 day moving average price of $173.85 and a 200 day moving average price of $175.47. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $1.14. American Tower had a return on equity of 32.76% and a net margin of 31.08%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the company posted $2.60 EPS. American Tower’s revenue was up 4.6% on a year-over-year basis. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Sell-side analysts expect that American Tower will post 10.80 earnings per share for the current year.

Insider Transactions at American Tower

In related news, Director Rajesh Kalathur purchased 2,829 shares of American Tower stock in a transaction dated Friday, August 21st. The stock was purchased at an average cost of $177.00 per share, with a total value of $500,733.00. Following the transaction, the director owned 7,765 shares in the company, valued at approximately $1,374,405. The trade was a 57.31% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert Joseph Meyer sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the sale, the chief financial officer owned 21,428 shares of the company’s stock, valued at $3,833,254.92. This trade represents a 18.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 6,791 shares of company stock valued at $1,204,091. Corporate insiders own 0.08% of the company’s stock.

Institutional Trading of American Tower

Several hedge funds have recently modified their holdings of AMT. Operose Advisors LLC acquired a new stake in American Tower in the second quarter valued at approximately $25,000. Allied Private Wealth LLC purchased a new stake in shares of American Tower during the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of American Tower in the 2nd quarter worth $33,000. Cache Advisors LLC acquired a new stake in shares of American Tower in the 1st quarter worth $38,000. Finally, Kelleher Financial Advisors purchased a new position in American Tower during the 2nd quarter worth $37,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

About American Tower

American Tower Corporation (NYSE:AMT) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications.

The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations.