Equities Analysts Issue Forecasts for American Tower Co. (REIT)’s Q4 2021 Earnings (NYSE:AMT)

American Tower Co. (REIT) (NYSE:AMT) – Research analysts at Jefferies Financial Group upped their Q4 2021 earnings estimates for shares of American Tower in a research report issued on Monday, January 10th. Jefferies Financial Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings of $2.23 per share for the quarter, up from their prior estimate of $2.22. Jefferies Financial Group also issued estimates for American Tower’s Q3 2022 earnings at $2.62 EPS, Q4 2022 earnings at $2.54 EPS and FY2022 earnings at $10.14 EPS.

American Tower (NYSE:AMT) last issued its earnings results on Wednesday, October 27th. The real estate investment trust reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.27 by ($0.69). American Tower had a return on equity of 39.34% and a net margin of 27.44%. The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the business posted $2.23 EPS. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis.

Other analysts have also issued research reports about the company. Raymond James dropped their price target on American Tower from $296.00 to $294.00 and set an “outperform” rating for the company in a research note on Monday, November 1st. Wells Fargo & Company dropped their price target on American Tower from $305.00 to $285.00 and set an “overweight” rating for the company in a research note on Friday, November 19th. Credit Suisse Group raised their price target on American Tower from $324.00 to $328.00 and gave the stock an “outperform” rating in a research note on Friday, October 29th. The Goldman Sachs Group lowered American Tower from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $298.00 to $281.00 in a research note on Tuesday. Finally, Morgan Stanley dropped their price target on American Tower from $316.00 to $294.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, American Tower currently has an average rating of “Buy” and a consensus price target of $293.63.

Shares of American Tower stock opened at $259.39 on Wednesday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.30 and a current ratio of 1.30. American Tower has a 52-week low of $197.50 and a 52-week high of $303.72. The stock has a market capitalization of $118.13 billion, a price-to-earnings ratio of 47.16, a P/E/G ratio of 2.03 and a beta of 0.37. The company’s 50 day moving average price is $272.57 and its 200-day moving average price is $278.52.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 14th. Stockholders of record on Monday, December 27th will be given a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Thursday, December 23rd. This is a positive change from American Tower’s previous quarterly dividend of $1.31. American Tower’s payout ratio is currently 101.09%.

In related news, Director Pamela D. A. Reeve sold 3,590 shares of American Tower stock in a transaction dated Thursday, December 9th. The stock was sold at an average price of $273.02, for a total value of $980,141.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joann A. Reed sold 866 shares of American Tower stock in a transaction dated Tuesday, November 16th. The stock was sold at an average price of $260.50, for a total value of $225,593.00. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in AMT. Bell Investment Advisors Inc bought a new stake in shares of American Tower during the 3rd quarter valued at about $27,000. Destiny Wealth Partners LLC bought a new position in shares of American Tower during the 3rd quarter valued at approximately $30,000. Canton Hathaway LLC bought a new position in shares of American Tower during the 3rd quarter valued at approximately $31,000. Pinnacle Holdings LLC bought a new position in shares of American Tower during the 3rd quarter valued at approximately $31,000. Finally, MV Capital Management Inc. grew its stake in shares of American Tower by 72.9% during the 3rd quarter. MV Capital Management Inc. now owns 121 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 89.57% of the company’s stock.

About American Tower

American Tower Corp. provides real estate investment services, and owns, operates, and develops multitenant communications real estate properties. It operates through the following segments: U.S. & Canada, Asia-Pacific, Europe, Africa Latin America, and Services. The Asia-Pacific segment refers to the operations in Australia and India.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

Receive News & Ratings for American Tower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Tower and related companies with MarketBeat.com's FREE daily email newsletter.