American Tower Corporation (NYSE:AMT) Stock Rated “Moderate Buy” by Sell-Side Brokerages

American Tower Corporation (NYSE:AMT – Get Free Report) has been given an average recommendation of “Moderate Buy” by the twenty analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $215.48.

Several equities research analysts have weighed in on AMT shares. Royal Bank Of Canada upgraded shares of American Tower from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $195.00 to $205.00 in a research report on Friday, June 26th. Barclays increased their price objective on shares of American Tower from $198.00 to $199.00 and gave the company an “overweight” rating in a report on Wednesday, September 30th. Sanford C. Bernstein restated an “outperform” rating and issued a $214.00 price target on shares of American Tower in a research report on Wednesday, July 29th. Truist Financial reaffirmed a “buy” rating and set a $207.00 price target (down from $208.00) on shares of American Tower in a research report on Wednesday, August 12th. Finally, BMO Capital Markets raised 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.

Read Our Latest Stock Report on AMT

Insiders Place Their Bets

In other American Tower news, CFO Robert Joseph Meyer sold 5,000 shares of American Tower stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $178.89, for a total transaction of $894,450.00. Following the completion of the transaction, the chief financial officer directly owned 21,428 shares of the company’s stock, valued at $3,833,254.92. The trade was a 18.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ruth T. Dowling sold 1,106 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total transaction of $193,505.76. Following the completion of the transaction, the executive vice president owned 27,711 shares in the company, valued at approximately $4,848,316.56. This trade represents a 3.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,791 shares of company stock valued at $1,204,091 in the last three months. 0.08% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AMT. Valley Wealth Managers Inc. lifted its position in shares of American Tower by 3.2% during the 3rd quarter. Valley Wealth Managers Inc. now owns 27,418 shares of the real estate investment trust’s stock valued at $4,488,000 after acquiring an additional 842 shares during the period. Sound Income Strategies LLC raised its holdings in shares of American Tower by 14.5% during the 3rd quarter. Sound Income Strategies LLC now owns 118,811 shares of the real estate investment trust’s stock worth $19,809,000 after buying an additional 15,083 shares in the last quarter. Bill Few Associates Inc. boosted its stake in American Tower by 5.3% in the third quarter. Bill Few Associates Inc. now owns 22,439 shares of the real estate investment trust’s stock valued at $3,673,000 after buying an additional 1,125 shares in the last quarter. Bullock Wealth Management Group raised its stake in American Tower by 4.8% during the third quarter. Bullock Wealth Management Group now owns 2,375 shares of the real estate investment trust’s stock worth $383,000 after acquiring an additional 109 shares in the last quarter. Finally, Riversedge Advisors LLC raised its stake in American Tower by 107.1% during the third quarter. Riversedge Advisors LLC now owns 3,245 shares of the real estate investment trust’s stock worth $531,000 after acquiring an additional 1,678 shares in the last quarter. 92.69% of the stock is owned by institutional investors.

American Tower Stock Performance

Shares of NYSE AMT opened at $182.28 on Tuesday. American Tower has a 12 month low of $160.06 and a 12 month high of $196.08. The business’s 50 day moving average is $172.80 and its two-hundred day moving average is $175.05. The company has a market cap of $84.94 billion, a P/E ratio of 25.07, a P/E/G ratio of 2.93 and a beta of 0.88. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12.

American Tower (NYSE:AMT – Get Free Report) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last 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, equities analysts expect that American Tower will post 10.80 EPS for the current year.

American Tower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Wednesday, September 30th will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $7.16 dividend on an annualized basis and a yield of 3.9%. American Tower’s dividend payout ratio is 98.49%.

About American Tower

(Get Free Report)

American Tower Corporation (NYSE: AMT) is a global real estate investment trust that owns, operates and develops communications infrastructure. Its portfolio includes wireless and broadcast towers, rooftop sites, distributed antenna systems and other facilities that support wireless communications, television and radio broadcasting, government communications and other connectivity services.

The company leases space on its communications sites to wireless carriers, broadcasters, government agencies and other customers.

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Analyst Recommendations for American Tower (NYSE:AMT)

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