Morgan Stanley Issues Pessimistic Forecast for American Tower (NYSE:AMT) Stock Price

American Tower (NYSE:AMT) had its price target dropped by Morgan Stanley from $270.00 to $235.00 in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Morgan Stanley’s price objective indicates a potential upside of 22.65% from the stock’s previous close.

Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. boosted their price target on American Tower from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Wells Fargo & Company reduced their target price on American Tower from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Jefferies Financial Group reduced their target price on American Tower from $281.00 to $226.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of American Tower in a research note on Wednesday, October 8th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $245.00 target price (down from $250.00) on shares of American Tower in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $238.00.

American Tower Stock Up 0.1%

NYSE:AMT opened at $191.60 on Thursday. The firm has a market capitalization of $89.72 billion, a price-to-earnings ratio of 69.67, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. American Tower has a twelve month low of $172.51 and a twelve month high of $234.33. The stock’s 50 day moving average price is $196.63 and its two-hundred day moving average price is $209.89. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 3.36.

American Tower (NYSE:AMT) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.01. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.58 billion. American Tower had a return on equity of 24.85% and a net margin of 12.60%.The business’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.79 EPS. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. Equities research analysts expect that American Tower will post 10.14 earnings per share for the current fiscal year.

Insider Transactions at American Tower

In related news, CEO Juan Font sold 720 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $208.33, for a total value of $149,997.60. Following the completion of the sale, the chief executive officer directly owned 23,425 shares in the company, valued at $4,880,130.25. The trade was a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.17% of the stock is owned by company insiders.

Institutional Trading of American Tower

Institutional investors have recently added to or reduced their stakes in the company. North Capital Inc. bought a new stake in shares of American Tower during the 1st quarter valued at $25,000. Hopwood Financial Services Inc. lifted its position in shares of American Tower by 100.0% during the 1st quarter. Hopwood Financial Services Inc. now owns 120 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 60 shares during the period. Legacy Investment Solutions LLC bought a new stake in shares of American Tower during the 2nd quarter valued at $31,000. Abound Wealth Management lifted its position in shares of American Tower by 137.3% during the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 81 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of American Tower during the 1st quarter valued at $31,000. 92.69% of the stock is currently owned by institutional investors.

American Tower Company Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.