American Tower Corporation (NYSE:AMT – Get Free Report) Director Rajesh Kalathur bought 2,829 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average price of $177.00 per share, for a total transaction of $500,733.00. Following the purchase, the director owned 7,765 shares in the company, valued at $1,374,405. This represents a 57.31% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
American Tower Trading Down 0.9%
Shares of AMT stock opened at $174.15 on Friday. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a fifty day simple moving average of $170.86 and a two-hundred day simple moving average of $177.88. The firm has a market capitalization of $81.15 billion, a PE ratio of 23.95, a PEG ratio of 2.78 and a beta of 0.90. American Tower Corporation has a 52-week low of $160.06 and a 52-week high of $205.21.
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 EPS for the quarter, beating the consensus estimate of $1.57 by $1.14. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, analysts predict that American Tower Corporation will post 10.8 EPS for the current fiscal year.
Institutional Trading of American Tower
Analyst Ratings Changes
AMT has been the subject of several recent analyst reports. Sanford C. Bernstein restated an “outperform” rating and issued a $214.00 price target on shares of American Tower in a research note on Wednesday, July 29th. Weiss Ratings raised shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. BMO Capital Markets boosted their target price on shares of American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. Wolfe Research raised shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 target price for the company in a research note on Wednesday, July 8th. Finally, The Goldman Sachs Group set a $210.00 price target on shares of American Tower in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, American Tower has an average rating of “Moderate Buy” and an average price target of $215.29.
Check Out Our Latest Stock Report on American Tower
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.
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