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

American Tower Corporation (NYSE:AMT) has received an average recommendation of “Moderate Buy” from the nineteen brokerages that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $218.00.

A number of analysts have issued reports on the company. UBS Group decreased their price target on American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a research note on Wednesday. Royal Bank Of Canada decreased their target price on shares of American Tower from $220.00 to $195.00 and set a “sector perform” rating on the stock in a research report on Monday, January 12th. Morgan Stanley dropped their price target on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Tower in a research note on Monday, December 29th. Finally, TD Cowen lowered their price objective on shares of American Tower from $235.00 to $225.00 in a research note on Wednesday.

American Tower Stock Up 3.6%

Shares of NYSE AMT opened at $191.72 on Monday. The firm has a market cap of $89.76 billion, a P/E ratio of 35.57, a price-to-earnings-growth ratio of 0.78 and a beta of 0.93. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.89 and a current ratio of 0.60. American Tower has a 1 year low of $166.88 and a 1 year high of $234.33. The firm’s 50 day moving average price is $179.11 and its 200 day moving average price is $185.66.

American Tower (NYSE:AMT) last issued its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.79). American Tower had a return on equity of 24.36% and a net margin of 23.76%.The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same period in the prior year, the company earned $2.62 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. As a group, sell-side analysts anticipate that American Tower will post 10.14 earnings per share for the current year.

American Tower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, December 29th were paid a dividend of $1.70 per share. The ex-dividend date was Monday, December 29th. This represents a $6.80 annualized dividend and a yield of 3.5%. American Tower’s dividend payout ratio is currently 126.16%.

Insider Buying and Selling at American Tower

In other news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the completion of the sale, the insider owned 211,379 shares in the company, valued at approximately $14,743,685.25. The trade was a 91.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Tower

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

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.