American Tower (NYSE:AMT) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

American Tower (NYSE:AMT) had its price target increased by equities researchers at Jefferies Financial Group from $200.00 to $209.00 in a note issued to investors on Thursday,MarketScreener reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price objective points to a potential upside of 9.01% from the company’s current price.

Several other research firms have also recently issued reports on AMT. Mizuho cut their target price on American Tower from $217.00 to $189.00 and set a “neutral” rating for the company in a research report on Monday, January 12th. UBS Group dropped their price target on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday. Morgan Stanley cut their price objective on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday. HSBC reduced their price objective on shares of American Tower from $235.00 to $205.00 in a research report on Wednesday, October 29th. Finally, New Street Research upgraded shares of American Tower from a “neutral” rating to a “buy” rating and set a $203.00 target price for the company in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, American Tower has a consensus rating of “Moderate Buy” and a consensus price target of $218.00.

American Tower Price Performance

Shares of NYSE:AMT opened at $191.72 on Thursday. The company has a market capitalization of $89.76 billion, a P/E ratio of 35.57, a P/E/G ratio of 0.78 and a beta of 0.93. American Tower has a 1-year low of $166.88 and a 1-year high of $234.33. The firm’s 50 day simple moving average is $179.11 and its two-hundred day simple moving average is $185.66. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.89.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.79). American Tower had a return on equity of 24.36% and a net margin of 23.76%.The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same period last year, the company earned $2.62 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Research analysts expect that American Tower will post 10.14 EPS for the current fiscal year.

Insider Buying and Selling

In other American Tower news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of American Tower stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $69.75, for a total value of $159,631,314.75. Following the completion of the transaction, the insider directly owned 211,379 shares of the company’s stock, valued at $14,743,685.25. This trade represents a 91.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AMT. J. Stern & Co. LLP lifted its stake in shares of American Tower by 28,121.1% in the 4th quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust’s stock valued at $6,616,703,000 after purchasing an additional 37,553,436 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in American Tower by 20,721.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock valued at $1,705,254,000 after buying an additional 9,666,025 shares during the period. Norges Bank bought a new stake in American Tower in the fourth quarter worth $1,171,180,000. Lazard Asset Management LLC boosted its stake in American Tower by 1,984.8% during the third quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock worth $858,552,000 after buying an additional 4,250,242 shares during the period. Finally, JPMorgan Chase & Co. increased its position in American Tower by 24.3% during the second quarter. JPMorgan Chase & Co. now owns 12,666,082 shares of the real estate investment trust’s stock valued at $2,799,458,000 after acquiring an additional 2,474,328 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

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.