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

Shares of American Tower Corporation (NYSE:AMT) have been assigned a consensus recommendation of “Moderate Buy” from the twenty research firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $226.6667.

AMT has been the topic of several research reports. HSBC decreased their price target on shares of American Tower from $235.00 to $205.00 in a research note on Wednesday, October 29th. BMO Capital Markets decreased their target price on shares of American Tower from $215.00 to $210.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 3rd. Morgan Stanley lowered their target price on shares of American Tower from $255.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, December 4th. JPMorgan Chase & Co. cut their price target on American Tower from $255.00 to $250.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Finally, Wall Street Zen raised American Tower from a “sell” rating to a “hold” rating in a research report on Sunday, October 12th.

American Tower Price Performance

Shares of NYSE AMT opened at $174.74 on Friday. The firm has a market cap of $81.80 billion, a P/E ratio of 27.91, a price-to-earnings-growth ratio of 0.67 and a beta of 0.92. The business’s 50 day moving average is $178.95 and its 200-day moving average is $196.36. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 3.24. American Tower has a 1-year low of $170.77 and a 1-year high of $234.33.

American Tower (NYSE:AMT) last issued its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.14. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. American Tower had a return on equity of 28.79% and a net margin of 28.11%.The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.52 EPS. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. Equities research analysts predict that American Tower will post 10.14 earnings per share for the current year.

American Tower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, December 29th will be given a $1.70 dividend. The ex-dividend date is Monday, December 29th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.9%. American Tower’s dividend payout ratio (DPR) is presently 108.63%.

Insider Transactions at American Tower

In related news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were 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 of the company’s stock, valued at $14,743,685.25. This represents a 91.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Eugene F. Reilly bought 5,554 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was purchased at an average cost of $178.99 per share, for a total transaction of $994,110.46. Following the completion of the acquisition, the director owned 5,689 shares in the company, valued at approximately $1,018,274.11. This trade represents a 4,114.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMT. Legacy Investment Solutions LLC acquired a new position in shares of American Tower during the 2nd quarter worth $31,000. Abound Wealth Management grew its position in American Tower by 137.3% in the third quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 81 shares during the last quarter. Triumph Capital Management bought a new position in American Tower in the third quarter valued at about $29,000. VSM Wealth Advisory LLC raised its stake in American Tower by 136.4% during the second quarter. VSM Wealth Advisory LLC now owns 156 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 90 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of American Tower in the third quarter worth about $32,000. 92.69% of the stock is currently 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.