American Tower (NYSE:AMT) Stock Gets Price Target Cut from Sanford C. Bernstein

Posted by Brian Himes on Oct 23rd, 2026

American Tower (NYSE:AMT – Free Report) had its price objective trimmed by Sanford C. Bernstein from $214.00 to $212.00 in a report issued on Tuesday, Marketbeat.com reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Several other analysts also recently weighed in on the company. Barclays boosted their price target on American Tower from $198.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, September 30th. Mizuho set a $208.00 price objective on American Tower in a research note on Thursday, August 20th. Jefferies Financial Group decreased their target price on American Tower from $210.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Wolfe Research upgraded American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 target price on the stock in a research report on Wednesday, July 8th. Finally, Truist Financial reiterated a “buy” rating and issued a $207.00 price target (down from $208.00) on shares of American Tower in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $214.90.

View Our Latest Stock Analysis on American Tower

American Tower Trading Up 2.2%

NYSE AMT opened at $181.62 on Tuesday. American Tower has a 12-month low of $160.06 and a 12-month high of $196.08. The company has a fifty day simple moving average of $174.42 and a two-hundred day simple moving average of $175.63. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.12. The stock has a market cap of $84.63 billion, a P/E ratio of 16.21, a P/E/G ratio of 2.85 and a beta of 0.88.

American Tower (NYSE:AMT – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $1.14. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the company earned $2.60 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, analysts forecast that American Tower will post 10.80 earnings per share for the current year.

American Tower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Wednesday, September 30th were paid a dividend of $1.79 per share. The ex-dividend date was Wednesday, September 30th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.9%. American Tower’s dividend payout ratio (DPR) is presently 98.49%.

Insider Activity

In related news, EVP Ruth Dowling sold 1,106 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total transaction of $193,505.76. Following the sale, the executive vice president directly owned 27,711 shares of the company’s stock, valued at $4,848,316.56. This trade represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur purchased 2,829 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average cost of $177.00 per share, for a total transaction of $500,733.00. Following the completion of the acquisition, the director directly owned 7,765 shares of the company’s stock, valued at $1,374,405. This represents a 57.31% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 6,791 shares of company stock valued at $1,204,091 in the last quarter. 0.08% of the stock is currently owned by company insiders.

Institutional Trading of American Tower

Several institutional investors have recently bought and sold shares of AMT. Operose Advisors LLC acquired a new position in shares of American Tower during the 2nd quarter worth approximately $25,000. Allied Private Wealth LLC acquired a new stake in American Tower in the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in American Tower in the 2nd quarter valued at $33,000. SBI Securities Co. Ltd. acquired a new stake in American Tower in the 3rd quarter valued at $35,000. Finally, Cache Advisors LLC purchased a new stake in American Tower in the 1st quarter worth $38,000. 92.69% of the stock is owned by institutional investors and hedge funds.

American Tower News Roundup

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

Positive Sentiment: Director Teresa Hillary Clarke disclosed a series of open-market purchases, including 43 shares bought October 20 at $183.20. Across the reported transactions, Clarke steadily increased her direct ownership to more than 5,600 shares. While the individual purchases are relatively small, repeated insider buying can signal confidence in American Tower’s long-term outlook. SEC insider trading filing
Positive Sentiment: Analysts are preparing for American Tower’s third-quarter 2026 results, focusing on revenue, earnings and operating metrics. Expectations for connectivity and data demand provide a potential fundamental catalyst if the company meets or exceeds forecasts. Q3 American Tower estimates
Neutral Sentiment: American Tower recently reported quarterly earnings above consensus estimates, with revenue up 4.6% year over year, and management provided fiscal 2026 EPS guidance of $11.00 to $11.17. Investors may look to the upcoming results for confirmation that growth remains on track.
Negative Sentiment: Sanford C. Bernstein lowered its price target for American Tower, adding pressure to the investment case even as the stock gained momentum. Bernstein price target reduction
Negative Sentiment: A recent analysis argued that American Tower remains a high-quality tower REIT but that its prior valuation discount has largely disappeared. With shares trading near $182 and at roughly 25 times earnings, further gains may require stronger operating results or favorable interest-rate conditions. American Tower valuation analysis

American Tower Company Profile

(Get Free Report)

American Tower Corporation (NYSE:AMT) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications.

The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations.