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

American Tower Corporation (NYSE:AMT) has earned an average rating of “Moderate Buy” from the twenty research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $216.20.

AMT has been the topic of a number of recent research reports. Barclays decreased their target price on American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Citizens Jmp reissued a “market outperform” rating and set a $260.00 target price on shares of American Tower in a research report on Wednesday, April 29th. Scotiabank lifted their target price on American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $189.00 to $205.00 in a research report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. decreased their target price on American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th.

American Tower Trading Down 0.1%

American Tower stock opened at $193.88 on Wednesday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. The business’s 50-day simple moving average is $179.08 and its 200-day simple moving average is $179.58. The firm has a market capitalization of $90.33 billion, a PE ratio of 31.32, a PEG ratio of 0.81 and a beta of 0.90. American Tower has a 52 week low of $165.08 and a 52 week high of $234.33.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Equities research analysts forecast that American Tower will post 10.67 earnings per share for the current year.

American Tower Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a yield of 3.7%. American Tower’s dividend payout ratio (DPR) is 115.67%.

Insider Buying and Selling

In other American Tower news, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total transaction of $73,856.64. Following the sale, the executive vice president directly owned 29,461 shares of the company’s stock, valued at approximately $5,230,505.94. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur acquired 2,671 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were bought at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the acquisition, the director directly owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. This represents a 117.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.08% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Tower

Institutional investors have recently added to or reduced their stakes in the stock. Richards Merrill & Peterson Inc. acquired a new stake in American Tower during the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. boosted its holdings in American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 68 shares in the last quarter. Swiss RE Ltd. acquired a new stake in American Tower during the fourth quarter valued at approximately $25,000. Holos Integrated Wealth LLC acquired a new stake in American Tower during the fourth quarter valued at approximately $27,000. Finally, Triumph Capital Management acquired a new stake in American Tower during the third quarter valued at approximately $29,000. 92.69% of the stock is owned by institutional investors and hedge funds.

About American Tower

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.