American Tower (NYSE:AMT) Stock Gets Price Target Trim from Citigroup

American Tower (NYSE:AMT) had its price target trimmed by Citigroup from $225.00 to $220.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. lowered their price objective on American Tower from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday. TD Cowen lifted their target price on shares of American Tower from $225.00 to $227.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Truist Financial reiterated a “buy” rating and set a $207.00 target price (down from $208.00) on shares of American Tower in a research report on Wednesday, August 12th. Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $205.00 price target on shares of American Tower in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $216.44.

American Tower Trading Up 1.0%

NYSE AMT opened at $187.83 on Wednesday. The company has a market cap of $87.52 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 3.36 and a beta of 0.88. American Tower has a twelve month low of $160.06 and a twelve month high of $202.50. The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 3.30. The business’s fifty day moving average is $175.85 and its 200 day moving average is $177.35.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, October 27th. The real estate investment trust reported $1.64 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.64. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. American Tower had a return on equity of 32.71% and a net margin of 30.10%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.78 EPS. As a group, sell-side analysts expect that American Tower will post 10.80 EPS for the current fiscal year.

American Tower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Wednesday, September 30th were issued a dividend of $1.79 per share. The ex-dividend date was Wednesday, September 30th. This represents a $7.16 annualized dividend and a yield of 3.8%. American Tower’s dividend payout ratio (DPR) is presently 100.99%.

American Tower declared that its board has initiated a stock repurchase program on Tuesday, October 27th that permits the company to repurchase $2 billion in outstanding shares. This buyback authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Rajesh Kalathur acquired 2,829 shares of American Tower stock in a transaction dated Friday, August 21st. The shares were bought at an average cost of $177.00 per share, with a total value of $500,733.00. Following the purchase, the director owned 7,765 shares in the company, valued at $1,374,405. This trade represents a 57.31% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ruth Dowling sold 952 shares of the stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $185.81, for a total transaction of $176,891.12. Following the sale, the executive vice president owned 26,133 shares of the company’s stock, valued at approximately $4,855,772.73. This trade represents a 3.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by insiders.

Institutional Trading of American Tower

Large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of American Tower during the 2nd quarter worth approximately $7,490,943,000. State Street Corp increased its stake in shares of American Tower by 2.9% in the 2nd quarter. State Street Corp now owns 22,066,202 shares of the real estate investment trust’s stock valued at $3,647,491,000 after acquiring an additional 631,593 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of American Tower by 20.4% during the 1st quarter. Lazard Asset Management LLC now owns 7,325,943 shares of the real estate investment trust’s stock valued at $1,264,311,000 after acquiring an additional 1,240,780 shares during the period. Deutsche Bank AG acquired a new position in shares of American Tower during the 2nd quarter valued at $1,096,186,000. Finally, Legal & General Group Plc boosted its stake in American Tower by 0.6% during the second quarter. Legal & General Group Plc now owns 4,853,850 shares of the real estate investment trust’s stock worth $793,944,000 after acquiring an additional 27,929 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

More American Tower News

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

• Positive Sentiment: Truist raises target and reiterates Buy: Truist Financial increased its price target for AMT from $207 to $210 and assigned a “Buy” rating. The new target implies approximately 12% upside from the reference price, providing a positive near-term catalyst.
• Positive Sentiment: Share repurchase plan approved: American Tower’s board approved a stock repurchase plan, potentially supporting the share price and signaling management’s confidence in the company’s valuation and cash-generation ability. Stock Repurchase Plan Approved by American Tower Board
• Positive Sentiment: CoreSite outlook remains favorable: Coverage highlighted CoreSite’s repeated guidance increases, suggesting continued strength in American Tower’s data-center and digital-infrastructure operations. Why Is CoreSite Lifting American Tower Guidance Again?
• Neutral Sentiment: Recent earnings were broadly in line: Third-quarter EPS matched consensus, while revenue exceeded estimates and increased year over year. The results provide fundamental support, although earnings growth remains a key consideration for investors. American Tower Q3 2026 Earnings
• Neutral Sentiment: Analyst views are mixed: Recent coverage describes differing opinions on AMT and other real-estate stocks, while performance comparisons examine whether American Tower is outperforming its finance-sector peers. Analysts Offer Insights on Real Estate Companies
• Negative Sentiment: JPMorgan and Citigroup lowered expectations: Both firms recently reduced their price targets for AMT, tempering the bullish impact of Truist’s upgrade. Citigroup nevertheless retained a “Buy” rating while cutting its target from $225 to $220. Citigroup Cuts American Tower Price Target JPMorgan Lowers Expectations for American Tower

American Tower Company Profile

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.