American Tower (NYSE:AMT) Price Target Raised to $208.00 at Truist Financial

American Tower (NYSE:AMT) had its price target hoisted by Truist Financial from $205.00 to $208.00 in a research note published on Thursday, MarketBeat Ratings reports. They currently have a buy rating on the real estate investment trust’s stock.

AMT has been the subject of a number of other research reports. Royal Bank Of Canada cut their target price on shares of American Tower from $220.00 to $195.00 and set a “sector perform” rating for the company in a research note on Monday, January 12th. Citizens Jmp reissued a “market outperform” rating and set a $260.00 target price on shares of American Tower in a research note on Wednesday. Mizuho raised shares of American Tower from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $189.00 to $205.00 in a research note on Wednesday, April 15th. The Goldman Sachs Group cut their target price on shares of American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Finally, Morgan Stanley cut their target price on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $218.05.

American Tower Stock Up 2.6%

AMT opened at $182.89 on Thursday. American Tower has a fifty-two week low of $165.08 and a fifty-two week high of $234.33. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.60 and a current ratio of 0.43. The company has a fifty day moving average of $180.04 and a two-hundred day moving average of $180.05. The stock has a market capitalization of $85.24 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 0.75 and a beta of 0.92.

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. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. 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 company earned $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, research analysts expect that American Tower will post 10.59 earnings per share for the current year.

American Tower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was Tuesday, April 14th. This represents a $7.16 annualized dividend and a yield of 3.9%. This is a boost from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio is currently 115.67%.

Insider Activity at American Tower

In other American Tower news, Director Rajesh Kalathur acquired 2,671 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was 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 in the company, valued at approximately $914,640.80. The trade was a 117.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ruth T. Dowling sold 416 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total transaction of $73,856.64. Following the sale, the executive vice president directly owned 29,461 shares of the company’s stock, valued at approximately $5,230,505.94. This represents a 1.39% decrease in their position. 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. In the last quarter, insiders sold 42,181 shares of company stock valued at $8,046,071. Corporate insiders own 0.08% of the company’s stock.

Institutional Trading of American Tower

Large investors have recently bought and sold shares of the business. SOA Wealth Advisors LLC. increased its position in shares of American Tower by 36.7% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 205 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 55 shares during the last quarter. Riverwater Partners LLC increased its position in shares of American Tower by 3.8% in the 4th quarter. Riverwater Partners LLC now owns 1,536 shares of the real estate investment trust’s stock valued at $270,000 after purchasing an additional 56 shares during the last quarter. Triumph Capital Management increased its position in shares of American Tower by 37.3% in the 4th quarter. Triumph Capital Management now owns 206 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 56 shares during the last quarter. Personal CFO Solutions LLC increased its position in shares of American Tower by 3.5% in the 4th quarter. Personal CFO Solutions LLC now owns 1,667 shares of the real estate investment trust’s stock valued at $293,000 after purchasing an additional 57 shares during the last quarter. Finally, Pines Wealth Management LLC increased its position in shares of American Tower by 4.1% in the 3rd quarter. Pines Wealth Management LLC now owns 1,488 shares of the real estate investment trust’s stock valued at $286,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Key American Tower News

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

• Positive Sentiment: Q1 beat and raised outlook — AMT reported AFFO and revenue above estimates and raised its full?year outlook, which supports expectations for recurring cash flow. American Tower Q1 report
• Positive Sentiment: Data?center growth catalyst — CoreSite (AMT’s data?center unit) rolled out 100Gbps across its Open Cloud Exchange to target AI/ML and high?bandwidth cloud workloads, reinforcing a structural growth narrative beyond towers. CoreSite 100Gbps article
• Positive Sentiment: Analyst support — Multiple firms raised price targets or issued constructive notes (Truist, Scotiabank, Sanford/Bernstein, Citizens/JMP among others), which helps sustain buying interest. Analyst notes roundup
• Neutral Sentiment: JPMorgan recalibration — JPMorgan trimmed its target from $245 to $240 but kept an overweight rating, a modest calibration rather than a negative re?rating. JPMorgan target change
• Neutral Sentiment: Insider selling under a 10b5?1 plan — EVP Ruth T. Dowling sold small lots (two Form 4 filings); disclosure and plan timing suggest routine liquidity rather than a signal about fundamentals. SEC Form 4
• Neutral Sentiment: Mixed analyst/sector views — Some firms reaffirmed market?perform/sector?perform ratings (RBC, others), reflecting debate over regional/margin risks vs long?term tower + data center growth. Analyst insights
• Negative Sentiment: Critical take highlighting valuation/margin concerns — A Seeking Alpha piece argued AMT lacks near?term catalysts to re?rate, which could prompt profit?taking among some investors. Seeking Alpha critique

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.