American Tower (NYSE:AMT) Raised to “Outperform” at Mizuho

American Tower (NYSE:AMT) was upgraded by equities research analysts at Mizuho from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has a $205.00 price target on the real estate investment trust’s stock, up from their prior price target of $189.00. Mizuho’s price objective would suggest a potential upside of 14.94% from the stock’s current price.

AMT has been the topic of several other research reports. The Goldman Sachs Group dropped their target price on American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Scotiabank dropped their target price on American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 25th. Morgan Stanley dropped their target price on American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Royal Bank Of Canada dropped their target price on American Tower from $220.00 to $195.00 and set a “sector perform” rating on the stock in a report on Monday, January 12th. Finally, New Street Research upgraded American Tower from a “neutral” rating to a “buy” rating and set a $203.00 target price on the stock in a report on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $217.33.

American Tower Stock Performance

Shares of AMT stock opened at $178.35 on Wednesday. The company’s fifty day simple moving average is $181.11 and its 200-day simple moving average is $180.77. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27. The firm has a market cap of $83.13 billion, a PE ratio of 33.09, a P/E/G ratio of 0.74 and a beta of 0.92. American Tower has a 12 month low of $165.08 and a 12 month high of $234.33.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.79). The business had revenue of $2.74 billion during 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 business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.62 EPS. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Equities research analysts expect that American Tower will post 10.14 EPS for the current fiscal year.

Insider Activity at American Tower

In other American Tower news, Director Rajesh Kalathur acquired 2,671 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were purchased at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the purchase, the director directly owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. This represents a 117.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total value of $7,872,979.45. Following the completion of the transaction, the chief operating officer directly owned 29,592 shares in the company, valued at $5,653,551.60. The trade was a 58.20% decrease in their position. The SEC filing for this sale provides additional information. 0.17% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Tower

Institutional investors and hedge funds have recently made changes to their positions in the company. Abound Wealth Management grew its position in shares of American Tower by 137.3% in the third quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 81 shares during the last quarter. Oakworth Capital Inc. grew its position in shares of American Tower by 90.7% in the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 68 shares during the last quarter. Richards Merrill & Peterson Inc. acquired a new position in shares of American Tower in the fourth quarter valued at approximately $25,000. Swiss RE Ltd. acquired a new position in shares of American Tower in the fourth quarter valued at approximately $25,000. Finally, Triumph Capital Management acquired a new position in shares of American Tower in the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower News Roundup

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

• Positive Sentiment: Mizuho upgraded AMT from Neutral to Outperform and raised its price target to $205, citing that CoreSite’s data‑center contribution and stronger 5G leasing demand make the company’s mix of tower and data‑center earnings undervalued — this upgrade is the primary catalyst for buying interest today. American Tower’s Valuation After Upgrade Highlighting CoreSite Growth And 5G Leasing Demand
• Positive Sentiment: Jefferies nudged its price target to $210 (maintaining a Buy), giving additional analyst support and signaling incremental upside versus current levels; that reinforces the positive narrative from Mizuho. Jefferies adjusts American Tower price target to 210
• Neutral Sentiment: American Tower recently declared a $1.79 quarterly cash distribution; the steady dividend supports the yield story but raises the usual investor question about balancing shareholder returns with capital needs for data‑center and tower growth. Investors will watch upcoming quarter results for signs of free cash flow to sustain both growth and payouts. Does American Tower’s (AMT) New Dividend Payout Clarify Its Long‑Term Capital Allocation Priorities?
• Negative Sentiment: Despite the upgrades, AMT has shown prolonged underperformance (multi‑month and multi‑quarter share declines) and earlier quarterly results included an EPS miss, which keeps some investors cautious about valuation and near‑term earnings execution. That backdrop limits how much the stock may rally on upgrades alone. Mizuho Upgrades American Tower to Outperform: Will This Cell Tower Giant Finally Reclaim Its Crown?

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.