Scotiabank Issues Positive Forecast for American Tower (NYSE:AMT) Stock Price

American Tower (NYSE:AMT) had its price objective hoisted by Scotiabank from $218.00 to $220.00 in a report published on Tuesday morning,MarketScreener (Pasted) reports.

Other analysts also recently issued reports about the company. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $240.00 target price on shares of American Tower in a research note on Wednesday, April 29th. The Goldman Sachs Group set a $210.00 target price on American Tower in a research note on Tuesday. Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $189.00 to $205.00 in a research report on Wednesday, April 15th. Citizens Jmp reiterated a “market outperform” rating and issued a $260.00 target price on shares of American Tower in a report on Wednesday, April 29th. Finally, BMO Capital Markets increased their target price on American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $214.76.

American Tower Stock Performance

Shares of AMT stock traded up $5.54 on Tuesday, hitting $177.04. The company had a trading volume of 194,354 shares, compared to its average volume of 3,201,983. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. American Tower has a twelve month low of $160.06 and a twelve month high of $217.39. The firm has a market cap of $82.48 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 0.70 and a beta of 0.91. The company has a 50-day moving average price of $176.34 and a 200-day moving average price of $178.32.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating the consensus estimate of $1.60 by $1.24. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.75 earnings per share. As a group, equities research analysts predict that American Tower will post 10.66 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Friday, June 12th were issued a $1.79 dividend. The ex-dividend date was Friday, June 12th. This represents a $7.16 annualized dividend and a dividend yield of 4.0%. American Tower’s dividend payout ratio is presently 115.67%.

Hedge Funds Weigh In On American Tower

Hedge funds have recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of American Tower by 113.0% in the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after buying an additional 2,104 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of American Tower by 34.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock worth $319,000 after purchasing an additional 368 shares in the last quarter. United Bank lifted its stake in American Tower by 12.7% in the 2nd quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock valued at $1,434,000 after buying an additional 733 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of American Tower by 2.2% in the second quarter. Treasurer of the State of North Carolina now owns 218,511 shares of the real estate investment trust’s stock worth $48,295,000 after acquiring an additional 4,778 shares during the last quarter. Finally, Ieq Capital LLC lifted its position in shares of American Tower by 52.2% in the second quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust’s stock valued at $7,570,000 after acquiring an additional 11,751 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

More American Tower News

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

• Positive Sentiment: American Tower reported second-quarter revenue of approximately $2.75 billion, up about 4.7% year over year, while adjusted funds from operations (AFFO) rose to $2.71 per share, in line with estimates. Reported EPS and revenue exceeded consensus expectations. American Tower tops second-quarter estimates, raises annual outlook
• Positive Sentiment: Management raised its full-year 2026 outlook, including the midpoint for property revenue, adjusted EBITDA, AFFO and AFFO per share. EPS guidance of $11.00-$11.17 is above the roughly $10.66 analyst consensus, signaling stronger expected cash-flow performance. American Tower Corporation Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Record leasing at CoreSite, American Tower’s data-center platform, and robust demand across its global wireless-tower portfolio are key growth drivers. AI-related data-center demand and rising mobile data usage strengthen the company’s long-term expansion prospects. American Tower Raises Outlook as CoreSite Leasing Reaches Record
• Neutral Sentiment: The quarter’s AFFO result met, rather than exceeded, expectations. Investors may therefore focus more heavily on execution against the increased outlook and the pace at which CoreSite leasing converts into revenue and cash flow.
• Negative Sentiment: Some reports noted that the full-year revenue outlook remained below market expectations despite the improved guidance. DISH-related tenant churn and higher refinancing costs also weighed on results and could restrain near-term AFFO growth. American Tower Q2 2026 Earnings Call Highlights

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.