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

Shares of American Tower Corporation (NYSE:AMT) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $218.0476.

AMT has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $195.00 price target on shares of American Tower in a report on Thursday, April 30th. Weiss Ratings raised shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Barclays decreased their price objective on shares of 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. Raymond James Financial reissued a “strong-buy” rating and issued a $240.00 price objective on shares of American Tower in a research note on Wednesday, April 29th. Finally, Morgan Stanley decreased their price objective 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.

American Tower Trading Down 2.7%

Shares of American Tower stock opened at $174.04 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. American Tower has a twelve month low of $165.08 and a twelve month high of $234.33. The business has a 50-day moving average price of $178.60 and a 200-day moving average price of $179.32. The firm has a market cap of $81.08 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 0.75 and a beta of 0.90.

American Tower (NYSE:AMT) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS 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 firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the firm earned $2.75 EPS. The firm’s revenue for the quarter 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. Equities research analysts anticipate that American Tower will post 10.67 EPS for the current fiscal year.

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th were paid a $1.79 dividend. The ex-dividend date of this dividend was Tuesday, April 14th. This is an increase from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a yield of 4.1%. American Tower’s payout ratio is 115.67%.

Insiders Place Their Bets

In related news, Director Rajesh Kalathur purchased 2,671 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average price of $185.30 per share, with a total value of $494,936.30. Following the completion of the purchase, the director owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. The trade was a 117.92% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction that occurred on 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 $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. Insiders sold a total of 42,181 shares of company stock valued at $8,046,071 over the last 90 days. Insiders own 0.08% of the company’s stock.

Institutional Trading of American Tower

Several institutional investors and hedge funds have recently modified their holdings of AMT. Brighton Jones LLC raised its stake in shares of American Tower by 113.0% during the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock valued at $727,000 after acquiring an additional 2,104 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of American Tower by 34.3% during the second quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock valued at $319,000 after acquiring an additional 368 shares in the last quarter. United Bank raised its stake in shares of American Tower by 12.7% during the second quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock valued at $1,434,000 after acquiring an additional 733 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of American Tower by 2.2% during the second quarter. Treasurer of the State of North Carolina now owns 218,511 shares of the real estate investment trust’s stock valued at $48,295,000 after acquiring an additional 4,778 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in shares of American Tower by 52.2% during the second quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust’s stock valued at $7,570,000 after acquiring an additional 11,751 shares in the last quarter. 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.