American Tower (NYSE:AMT) Research Coverage Started at Sanford C. Bernstein

Sanford C. Bernstein started coverage on shares of American Tower (NYSE:AMT) in a research note released on Thursday morning, MarketBeat reports. The firm issued a market perform rating and a $205.00 price target on the real estate investment trust’s stock.

AMT has been the subject of several other research reports. BMO Capital Markets upped their price objective on American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. cut their target price on shares of American Tower from $250.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Scotiabank reduced their target price on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 25th. Royal Bank Of Canada decreased their price target on shares of American Tower from $220.00 to $195.00 and set a “sector perform” rating for the company in a research report on Monday, January 12th. Finally, Morgan Stanley cut their price target on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.35.

American Tower Stock Up 0.7%

Shares of AMT opened at $188.87 on Thursday. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.60 and a current ratio of 0.60. American Tower has a 52 week low of $166.88 and a 52 week high of $234.33. The stock has a market capitalization of $88.03 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 0.79 and a beta of 0.92. The stock has a fifty day moving average of $180.60 and a 200-day moving average of $185.00.

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

American Tower Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be issued a $1.79 dividend. The ex-dividend date is Tuesday, April 14th. This is a boost from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a yield of 3.8%. American Tower’s dividend payout ratio (DPR) is currently 126.16%.

Insider Buying and Selling

In other American Tower news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the completion of the transaction, the insider owned 211,379 shares in the company, valued at approximately $14,743,685.25. This trade represents a 91.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Eugene M. Noel sold 41,209 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the completion of the transaction, the chief operating officer owned 29,592 shares in the company, valued at $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 0.17% of the company’s stock.

Hedge Funds Weigh In On American Tower

Several hedge funds and other institutional investors have recently bought and sold shares of AMT. YANKCOM Partnership raised its position in shares of American Tower by 2.9% in the 2nd quarter. YANKCOM Partnership now owns 1,729 shares of the real estate investment trust’s stock worth $382,000 after acquiring an additional 49 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its position in shares of American Tower by 2.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,566 shares of the real estate investment trust’s stock valued at $567,000 after purchasing an additional 51 shares in the last quarter. Manchester Capital Management LLC grew its stake in American Tower by 3.1% during the second quarter. Manchester Capital Management LLC now owns 1,808 shares of the real estate investment trust’s stock worth $400,000 after purchasing an additional 54 shares during the period. Johnson Financial Group Inc. increased its holdings in American Tower by 7.1% in the second quarter. Johnson Financial Group Inc. now owns 833 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 55 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its holdings 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 purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower News Summary

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: Board raised the quarterly cash distribution to $1.79/share (5.3% increase versus prior quarter), payable April 28; the raise supports the stock’s income appeal and pushes the yield to roughly 3.8%. Read More.
• Neutral Sentiment: Sanford C. Bernstein initiated coverage with a Market Perform rating and $205 price target (~8.5% above current levels) — a modest positive signal but not a bullish endorsement. Read More.
• Neutral Sentiment: RBC Capital issued a Hold (sector perform) on AMT, signaling limited near‑term upside from their perspective and contributing to mixed analyst sentiment. Read More.
• Neutral Sentiment: Recent press pieces (e.g., “Balances 2025 Strength With 2026 Reset”) and assorted analyst target trims reflect a view that 2025 performance was solid but 2026 requires a reset — this keeps the story mixed for growth vs. valuation. Read More.
• Negative Sentiment: COO Eugene M. Noel sold 41,209 shares (≈$7.9M at the sale price), cutting his stake by ~58% — a sizable insider sale that can be perceived negatively by investors even if for personal/liquidity reasons. Read More.

American Tower Company Profile

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.