American Tower Corporation (NYSE:AMT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of American Tower Corporation (NYSE:AMT) have been assigned an average recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $218.0476.

A number of analysts have recently weighed in on the company. Mizuho upgraded American Tower from a “neutral” rating to an “outperform” rating and upped their target price for the company from $189.00 to $205.00 in a research report on Wednesday, April 15th. JPMorgan Chase & Co. dropped their price target on American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. The Goldman Sachs Group cut their price objective on shares of American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Jefferies Financial Group increased their price objective on shares of American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Finally, Barclays decreased their target price on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th.

American Tower Stock Up 0.1%

NYSE AMT opened at $170.74 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. The company has a market cap of $79.54 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 0.71 and a beta of 0.90. The company has a 50 day moving average of $177.80 and a 200-day moving average of $179.11. American Tower has a 1-year low of $165.08 and a 1-year high of $234.33.

American Tower (NYSE:AMT) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the prior year, the business posted $2.75 earnings per share. The firm’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. On average, equities research analysts expect that American Tower will post 10.67 earnings per share for the current fiscal year.

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 4.2%. This is a positive change from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date of this dividend was Tuesday, April 14th. American Tower’s payout ratio is 115.67%.

Insiders Place Their Bets

In other American Tower news, Director Rajesh Kalathur acquired 2,671 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the transaction, the director directly owned 4,936 shares in the company, valued at $914,640.80. This represents a 117.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Eugene M. Noel sold 41,209 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $191.05, for a total value of $7,872,979.45. Following the completion of the sale, the chief operating officer directly owned 29,592 shares in the company, valued at $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 42,181 shares of company stock worth $8,046,071 over the last three months. Insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in American Tower by 8.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,793 shares of the real estate investment trust’s stock valued at $18,615,000 after buying an additional 7,872 shares during the last quarter. Eastern Bank raised its stake in shares of American Tower by 69.6% during the third quarter. Eastern Bank now owns 139,091 shares of the real estate investment trust’s stock valued at $26,750,000 after acquiring an additional 57,078 shares during the last quarter. Krilogy Financial LLC bought a new position in shares of American Tower during the third quarter valued at $1,044,000. Machina Capital S.A.S. acquired a new position in shares of American Tower during the third quarter worth $2,871,000. Finally, Commerzbank Aktiengesellschaft FI grew its stake in shares of American Tower by 92.4% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 61,397 shares of the real estate investment trust’s stock worth $11,808,000 after purchasing an additional 29,486 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

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.