The Goldman Sachs Group Cuts American Tower (NYSE:AMT) Price Target to $210.00

American Tower (NYSE:AMT) had its price objective lowered by The Goldman Sachs Group from $230.00 to $210.00 in a research note released on Friday,MarketScreener reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

A number of other equities analysts also recently weighed in on the company. Raymond James Financial restated a “strong-buy” rating and issued a $231.00 target price (down previously from $250.00) on shares of American Tower in a research note on Wednesday, October 29th. TD Cowen cut their price objective on American Tower from $249.00 to $235.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. UBS Group reaffirmed a “buy” rating on shares of American Tower in a research report on Wednesday, December 10th. Jefferies Financial Group cut their price target on shares of American Tower from $226.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, December 16th. Finally, Citigroup restated a “market outperform” rating on shares of American Tower in a report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $219.21.

American Tower Price Performance

AMT opened at $183.82 on Friday. American Tower has a 1 year low of $166.88 and a 1 year high of $234.33. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $86.06 billion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 0.74 and a beta of 0.92. The firm’s fifty day moving average price is $177.86 and its two-hundred day moving average price is $193.03.

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

American Tower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, December 29th will be issued a dividend of $1.70 per share. The ex-dividend date of this dividend is Monday, December 29th. This represents a $6.80 annualized dividend and a yield of 3.7%. American Tower’s dividend payout ratio is 108.63%.

Insider Transactions at American Tower

In related news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $69.75, for a total value of $159,631,314.75. Following the completion of the transaction, the insider directly owned 211,379 shares of the company’s stock, valued at approximately $14,743,685.25. This trade represents a 91.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eugene F. Reilly bought 5,554 shares of the stock in a transaction on Friday, October 31st. The shares were acquired at an average cost of $178.99 per share, for a total transaction of $994,110.46. Following the acquisition, the director directly 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. Additional details regarding this purchase are available in the official SEC disclosure. 0.17% of the stock is owned by company insiders.

Hedge Funds Weigh In On American Tower

A number of large investors have recently made changes to their positions in AMT. Focus Financial Network Inc. increased its holdings in shares of American Tower by 9.1% in the 2nd quarter. Focus Financial Network Inc. now owns 2,042 shares of the real estate investment trust’s stock worth $451,000 after purchasing an additional 170 shares in the last quarter. Eastern Bank boosted its position 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 buying an additional 57,078 shares during the last quarter. Stack Financial Management Inc purchased a new stake in shares of American Tower during the second quarter valued at $13,020,000. Los Angeles Capital Management LLC increased its holdings in American Tower by 52.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 321,661 shares of the real estate investment trust’s stock worth $71,094,000 after buying an additional 110,671 shares in the last quarter. Finally, First Trust Advisors LP raised its position in American Tower by 47.3% in the 2nd quarter. First Trust Advisors LP now owns 109,124 shares of the real estate investment trust’s stock worth $24,119,000 after buying an additional 35,037 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

Key American Tower News

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

• Positive Sentiment: CoreSite (an AMT subsidiary) launched native 400G AWS Direct Connect in Chicago, improving capacity and latency for high‑bandwidth cloud and AI workloads — a revenue‑supportive infrastructure enhancement for AMT’s data‑center business. AMT’s CoreSite Launches Native 400G AWS Direct Connect in Chicago
• Neutral Sentiment: CoreSite launch also reported by industry press (provides additional detail on customer/use‑case benefits and local market positioning). CoreSite Chicago Data Center Campus Now Offers AWS Native 400G Direct Connect
• Neutral Sentiment: AMT is named as a partner in coverage of AST SpaceMobile’s government/commercial activity — a reminder of AMT’s exposure to growing non‑tower connectivity opportunities but not a direct near‑term earnings driver. Pentagon Deal Sends AST SpaceMobile Soaring—Is This the Next Leg Up? (AMT)
• Negative Sentiment: Mizuho cut its price target on AMT to $189 from $217 while keeping a Neutral rating — a signal that valuation expectations within the REIT group were lowered and that analysts see less near‑term upside. Mizuho Reduces the Firm’s PT on American Tower (AMT) stock
• Negative Sentiment: RBC Capital/MarketScreener adjusted its price target to $195 from $220 and reiterated a sector‑perform/hold view, which reduces analyst‑driven upside and can cap short‑term gains. RBC Capital Reaffirms Their Hold Rating on American Tower (AMT)

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.