American Tower Corporation (NYSE:AMT) Receives Average Rating of “Moderate Buy” from Analysts

American Tower Corporation (NYSE:AMT) has been given a consensus recommendation of “Moderate Buy” by the twenty analysts that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $216.95.

Several equities analysts recently commented on the stock. Raymond James Financial restated a “strong-buy” rating and issued a $240.00 price target on shares of American Tower in a research note on Wednesday, April 29th. Barclays cut their price objective on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Weiss Ratings cut shares of American Tower from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Sanford C. Bernstein upgraded shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price target for the company in a research report on Tuesday, May 19th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $260.00 price target on shares of American Tower in a research note on Wednesday, April 29th.

Insider Activity

In related news, EVP Ruth T. Dowling sold 416 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total value of $73,856.64. Following the transaction, the executive vice president owned 29,461 shares in the company, valued at approximately $5,230,505.94. This trade represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On American Tower

Institutional investors and hedge funds have recently bought and sold shares of the company. Richards Merrill & Peterson Inc. acquired a new position in shares of American Tower in the 4th quarter valued at approximately $25,000. Oakworth Capital Inc. lifted its holdings in shares of American Tower by 90.7% during the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 68 shares during the period. Swiss RE Ltd. acquired a new stake in shares of American Tower during the 4th quarter worth approximately $25,000. Holos Integrated Wealth LLC bought a new position in American Tower in the fourth quarter valued at approximately $27,000. Finally, Triumph Capital Management bought a new position in American Tower in the third quarter valued at approximately $29,000. Institutional investors own 92.69% of the company’s stock.

American Tower Stock Performance

AMT opened at $165.84 on Friday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. The business has a fifty day simple moving average of $180.14 and a 200 day simple moving average of $179.40. American Tower has a 1 year low of $162.27 and a 1 year high of $234.33. The company has a market capitalization of $77.27 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 0.69 and a beta of 0.91.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, topping the consensus estimate of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter last year, the business earned $2.75 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Research analysts expect that American Tower will post 10.66 EPS for the current year.

American Tower Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, June 12th. American Tower’s dividend payout ratio is presently 115.67%.

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.