American Tower (NYSE:AMT) Price Target Raised to $209.00

American Tower (NYSE:AMT) had its target price lifted by Jefferies Financial Group from $200.00 to $209.00 in a report released on Thursday morning,MarketScreener reports. Jefferies Financial Group currently has a buy rating on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the stock. Barclays restated an “equal weight” rating and set a $200.00 target price (down from $203.00) on shares of American Tower in a research report on Monday, December 1st. Scotiabank reduced their target price on American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a report on Wednesday. Raymond James Financial dropped their price target on American Tower from $231.00 to $229.00 and set a “strong-buy” rating for the company in a research note on Friday, January 23rd. Weiss Ratings restated a “hold (c)” rating on shares of American Tower in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. decreased their price objective on American Tower from $250.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $218.00.

American Tower Trading Up 3.6%

Shares of AMT stock opened at $191.72 on Thursday. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.89 and a current ratio of 0.60. The stock has a fifty day simple moving average of $179.11 and a two-hundred day simple moving average of $185.53. The firm has a market capitalization of $89.76 billion, a PE ratio of 35.57, a PEG ratio of 0.81 and a beta of 0.93. American Tower has a 52-week low of $166.88 and a 52-week high of $234.33.

American Tower (NYSE:AMT) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.69 billion. During the same period last year, the company earned $2.62 EPS. The business’s revenue was up 7.5% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, analysts predict that American Tower will post 10.14 EPS for the current fiscal year.

American Tower Dividend Announcement

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

Insider Activity

In other news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider owned 211,379 shares of the company’s stock, valued at approximately $14,743,685.25. This represents a 91.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.17% of the stock is owned by company insiders.

Institutional Trading of American Tower

A number of large investors have recently modified their holdings of the company. Richards Merrill & Peterson Inc. purchased a new stake in shares of American Tower in the 4th quarter worth $25,000. Oakworth Capital Inc. lifted its stake in American Tower by 90.7% in the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 68 shares during the period. Swiss RE Ltd. bought a new position in American Tower during the 4th quarter worth about $25,000. Abound Wealth Management increased its position in American Tower by 137.3% during the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 81 shares during the period. Finally, Holos Integrated Wealth LLC bought a new stake in shares of American Tower in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

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.