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

Shares of American Tower Corporation (NYSE:AMT) have earned an average recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $216.20.

AMT has been the topic of a number of research reports. Morgan Stanley dropped their price objective on American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $189.00 to $205.00 in a research note on Wednesday, April 15th. UBS Group dropped their price objective on American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Sanford C. Bernstein raised American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price objective on the stock in a research note on Tuesday, May 19th. Finally, Scotiabank boosted their price objective on American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th.

American Tower Stock Down 1.1%

Shares of American Tower stock opened at $185.44 on Wednesday. The business’s fifty day moving average price is $177.78 and its two-hundred day moving average price is $179.38. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $86.39 billion, a P/E ratio of 29.96, a PEG ratio of 0.78 and a beta of 0.90. American Tower has a 1-year low of $165.08 and a 1-year high of $234.33.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating the consensus estimate of $1.60 by $1.24. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, research analysts forecast that American Tower will post 10.67 EPS for the current year.

American Tower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, June 12th. American Tower’s payout ratio is currently 115.67%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On American Tower

Hedge funds have recently modified their holdings of the stock. Richards Merrill & Peterson Inc. acquired a new position in shares of American Tower in the 4th quarter worth $25,000. Oakworth Capital Inc. grew its holdings in shares of American Tower by 90.7% in the 4th 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 last quarter. Swiss RE Ltd. acquired a new position in shares of American Tower in the 4th quarter worth $25,000. Holos Integrated Wealth LLC acquired a new position in shares of American Tower in the 4th quarter worth $27,000. Finally, Triumph Capital Management acquired a new position in shares of American Tower in the 3rd quarter worth $29,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

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.