American Tower (NYSE:AMT) Receives “Market Outperform” Rating from Citizens Jmp

Citizens Jmp reaffirmed their market outperform rating on shares of American Tower (NYSE:AMT) in a report released on Wednesday,Benzinga reports. The firm currently has a $260.00 price target on the real estate investment trust’s stock.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada decreased their price objective on shares of American Tower from $220.00 to $195.00 and set a “sector perform” rating on the stock in a research report on Monday, January 12th. Mizuho upgraded shares of American Tower from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $189.00 to $205.00 in a research report on Wednesday, April 15th. Weiss Ratings cut shares of American Tower from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. TD Cowen decreased their price objective on shares of American Tower from $235.00 to $225.00 in a research report on Wednesday, February 25th. Finally, BMO Capital Markets upped their target price on American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, American Tower has an average rating of “Moderate Buy” and an average target price of $217.90.

American Tower Stock Down 0.1%

AMT stock opened at $178.22 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27. The company’s 50 day moving average is $180.08 and its 200 day moving average is $180.03. The stock has a market cap of $83.07 billion, a price-to-earnings ratio of 33.06, a price-to-earnings-growth ratio of 0.74 and a beta of 0.92. American Tower has a 1-year low of $165.08 and a 1-year high of $234.33.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, topping the consensus estimate of $1.59 by $1.25. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.65 billion. American Tower had a net margin of 23.76% and a return on equity of 24.36%. American Tower’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Sell-side analysts predict that American Tower will post 10.59 EPS for the current fiscal year.

American Tower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date of this dividend was Tuesday, April 14th. American Tower’s payout ratio is currently 115.67%.

Insider Buying and Selling

In related news, Director Rajesh Kalathur acquired 2,671 shares of the company’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 in the company, valued at $914,640.80. This trade represents a 117.92% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total value of $7,872,979.45. Following the sale, the chief operating officer directly owned 29,592 shares of the company’s stock, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.08% of the company’s stock.

Institutional Trading of American Tower

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. lifted its stake in American Tower by 36.7% in the third quarter. SOA Wealth Advisors LLC. now owns 205 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 55 shares during the period. Riverwater Partners LLC lifted its stake in American Tower by 3.8% in the fourth quarter. Riverwater Partners LLC now owns 1,536 shares of the real estate investment trust’s stock worth $270,000 after acquiring an additional 56 shares during the period. Triumph Capital Management lifted its stake in American Tower by 37.3% in the fourth quarter. Triumph Capital Management now owns 206 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 56 shares during the period. Personal CFO Solutions LLC lifted its stake in American Tower by 3.5% in the fourth quarter. Personal CFO Solutions LLC now owns 1,667 shares of the real estate investment trust’s stock worth $293,000 after acquiring an additional 57 shares during the period. Finally, Pines Wealth Management LLC lifted its stake in American Tower by 4.1% in the third quarter. Pines Wealth Management LLC now owns 1,488 shares of the real estate investment trust’s stock worth $286,000 after acquiring an additional 58 shares during the period. 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 results beat expectations — AFFO/FFO of $2.84/share and revenue of $2.74B topped estimates, and management cited accelerating cloud, data-center and AI-driven demand; company also raised FY?2026 EPS guidance (10.90–11.07). American Tower Corporation Reports First Quarter 2026 Financial Results
• Positive Sentiment: Company raised its annual outlook and highlighted robust leasing and cloud adoption that underpin longer-term growth in tower and data-center businesses. This outlook re?ratings supports upside potential. American Tower raises annual forecast on strong leasing demand, cloud adoption
• Positive Sentiment: Analyst support: several firms either raised price targets or reaffirmed ratings after the print (Scotiabank, Citizens/JMP, Sanford Bernstein adjustments), signaling continued analyst confidence in AMT’s growth runway. Citizens Jmp reaffirms rating / price target
• Positive Sentiment: Data?center momentum: CoreSite (an AMT company) added 100Gbps EVCs, underscoring rising demand and AMT’s expanding data?center capabilities — a growth vector beyond traditional towers. CoreSite Launches 100G Ethernet Virtual Circuits on Open Cloud Exchange®
• Neutral Sentiment: Mixed analyst views persist — Barclays and Mizuho offered cautious takes (lowered or unchanged ratings/prices) even as some firms raised targets; this produces divergent signals for investors. Barclays, Mizuho Offer Mixed Views on American Tower (AMT)
• Neutral Sentiment: Small analyst target tweak: JPMorgan trimmed its price target modestly (still maintains an overweight stance), a mixed signal that tempers enthusiasm but keeps upside intact. Benzinga analyst coverage
• Negative Sentiment: Short-term skepticism: a Seeking Alpha rating downgrade argued there’s “nothing to wake the stock up,” highlighting margin pressures and regional growth challenges that could cap near-term stock performance. American Tower: There’s Nothing To Wake The Stock Up (Rating Downgrade)

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.