American Tower Corporation (NYSE:AMT) Given Average Rating of “Moderate Buy” by Analysts

American Tower Corporation (NYSE:AMT) has received an average rating of “Moderate Buy” from the twenty analysts that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $217.35.

Several analysts have commented on the stock. Scotiabank lowered their target price on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating for the company in a research note on Wednesday, February 25th. Sanford C. Bernstein started coverage on American Tower in a research note on Thursday, March 5th. They set a “market perform” rating and a $205.00 price target on the stock. TD Cowen decreased their price objective on American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. Mizuho dropped their target price on American Tower from $217.00 to $189.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Tower in a research report on Monday, December 29th.

Insider Transactions at American Tower

In other news, COO Eugene M. Noel sold 41,209 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer owned 29,592 shares in the company, valued at approximately $5,653,551.60. The trade was a 58.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rajesh Kalathur purchased 2,671 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the acquisition, the director directly owned 4,936 shares of the company’s stock, valued at $914,640.80. This trade represents a 117.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.17% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Tower

Institutional investors have recently bought and sold shares of the business. Richards Merrill & Peterson Inc. acquired a new position in shares of American Tower during the 4th quarter valued at $25,000. Oakworth Capital Inc. increased its holdings in American Tower by 90.7% in the 4th 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 in the last quarter. Swiss RE Ltd. purchased a new position in American Tower in the fourth quarter valued at about $25,000. Abound Wealth Management lifted its stake in shares of American Tower by 137.3% during the third quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 81 shares in the last quarter. Finally, Holos Integrated Wealth LLC acquired a new position in shares of American Tower during the fourth quarter worth about $27,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

American Tower Stock Up 1.1%

AMT stock opened at $182.70 on Friday. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60. The company’s 50 day simple moving average is $182.24 and its 200-day simple moving average is $183.66. American Tower has a 12 month low of $166.88 and a 12 month high of $234.33. The firm has a market capitalization of $85.15 billion, a PE ratio of 33.90, a P/E/G ratio of 0.76 and a beta of 0.92.

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 (EPS) for the quarter, missing the consensus estimate of $2.54 by ($0.79). American Tower had a return on equity of 24.36% and a net margin of 23.76%.The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the firm earned $2.62 earnings per share. The company’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. Equities analysts expect that American Tower will post 10.14 earnings per share for the current fiscal year.

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. American Tower’s payout ratio is currently 126.16%.

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.