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

American Tower Corporation (NYSE:AMT) has received a consensus rating of “Moderate Buy” from the twenty analysts that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $216.95.

AMT has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated coverage on shares of American Tower in a report on Friday. They issued a “buy” rating and a $215.00 price target on the stock. Raymond James Financial reissued a “strong-buy” rating and set a $240.00 price target on shares of American Tower in a research note on Wednesday, April 29th. Truist Financial increased their price objective on American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Barclays dropped their price objective on American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Finally, Scotiabank increased their price objective on American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th.

Insiders Place Their Bets

In related news, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total value of $73,856.64. Following the sale, 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. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American Tower

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Bancorp USA Inc. purchased a new position in shares of American Tower in the 3rd quarter worth about $35,633,000. Nordea Investment Management AB raised its position in shares of American Tower by 10.4% in the 4th quarter. Nordea Investment Management AB now owns 1,743,321 shares of the real estate investment trust’s stock worth $306,284,000 after purchasing an additional 164,645 shares during the last quarter. Legal & General Group Plc raised its position in shares of American Tower by 4.7% in the 4th quarter. Legal & General Group Plc now owns 4,873,695 shares of the real estate investment trust’s stock worth $855,675,000 after purchasing an additional 220,447 shares during the last quarter. Rathbones Group PLC raised its position in shares of American Tower by 14.9% in the 4th quarter. Rathbones Group PLC now owns 474,216 shares of the real estate investment trust’s stock worth $83,258,000 after purchasing an additional 61,428 shares during the last quarter. Finally, Merit Financial Group LLC raised its position in shares of American Tower by 60.6% in the 4th quarter. Merit Financial Group LLC now owns 23,212 shares of the real estate investment trust’s stock worth $4,075,000 after purchasing an additional 8,758 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

American Tower Price Performance

NYSE AMT opened at $175.41 on Friday. American Tower has a 52 week low of $165.08 and a 52 week high of $234.33. The company has a market cap of $81.72 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 0.73 and a beta of 0.90. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. The firm’s 50-day simple moving average is $181.20 and its two-hundred day simple moving average is $179.83.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period in the previous year, the business earned $2.75 EPS. American Tower’s revenue was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Research analysts predict that American Tower will post 10.66 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, July 13th. Investors of record on Friday, June 12th will be issued a $1.79 dividend. The ex-dividend date is Friday, June 12th. This represents a $7.16 annualized dividend and a yield of 4.1%. American Tower’s payout ratio is 115.67%.

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.