American Tower Corporation (NYSE:AMT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of American Tower Corporation (NYSE:AMT) have earned a consensus rating of “Moderate Buy” from the twenty research firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $228.00.

Several equities research analysts have issued reports on AMT shares. BMO Capital Markets lowered their price target on shares of American Tower from $215.00 to $210.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 3rd. Wall Street Zen raised American Tower from a “sell” rating to a “hold” rating in a research report on Sunday, October 12th. Royal Bank Of Canada set a $220.00 target price on American Tower and gave the stock a “sector perform” rating in a report on Wednesday, October 1st. Citigroup restated a “market outperform” rating on shares of American Tower in a research note on Wednesday, October 29th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $231.00 price objective (down previously from $250.00) on shares of American Tower in a research note on Wednesday, October 29th.

American Tower Stock Down 2.1%

NYSE:AMT opened at $179.39 on Wednesday. The stock has a 50-day simple moving average of $183.46 and a 200 day simple moving average of $201.01. American Tower has a 52-week low of $172.51 and a 52-week high of $234.33. The company has a market cap of $83.98 billion, a PE ratio of 28.66, a PEG ratio of 0.73 and a beta of 0.91. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.89 and a current ratio of 0.89.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $2.78 EPS for the quarter, beating the consensus estimate of $2.64 by $0.14. American Tower had a return on equity of 28.79% and a net margin of 28.11%.The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the business posted $2.52 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. On average, sell-side analysts expect that American Tower will post 10.14 EPS for the current fiscal year.

American Tower Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, December 29th will be given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, December 29th. American Tower’s dividend payout ratio (DPR) is 108.63%.

Insider Activity

In other news, Director Eugene F. Reilly bought 5,554 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were bought at an average cost of $178.99 per share, with a total value of $994,110.46. Following the acquisition, the director owned 5,689 shares in the company, valued at $1,018,274.11. This trade represents a 4,114.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Institutional Trading of American Tower

Several institutional investors and hedge funds have recently bought and sold shares of AMT. Brighton Jones LLC increased its holdings in shares of American Tower by 113.0% in the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock valued at $727,000 after purchasing an additional 2,104 shares during the last quarter. SouthState Corp raised its holdings in American Tower by 468.1% in the 1st quarter. SouthState Corp now owns 409 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 337 shares during the period. Independent Advisor Alliance lifted its position in American Tower by 1.9% during the first quarter. Independent Advisor Alliance now owns 4,671 shares of the real estate investment trust’s stock worth $1,016,000 after acquiring an additional 88 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of American Tower during the first quarter worth approximately $241,000. Finally, AGF Management Ltd. grew its position in shares of American Tower by 20.1% in the first quarter. AGF Management Ltd. now owns 135,355 shares of the real estate investment trust’s stock valued at $29,453,000 after purchasing an additional 22,684 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

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.