American Tower (NYSE:AMT) Price Target Lowered to $195.00 at Royal Bank Of Canada

American Tower (NYSE:AMT) had its price objective reduced by Royal Bank Of Canada from $220.00 to $195.00 in a report released on Monday morning,MarketScreener reports. Royal Bank Of Canada currently has a sector perform rating on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the company. HSBC reduced their target price on American Tower from $235.00 to $205.00 in a research note on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of American Tower in a report on Monday, December 29th. Wall Street Zen upgraded American Tower from a “sell” rating to a “hold” rating in a research report on Sunday, October 12th. The Goldman Sachs Group cut their price objective on shares of American Tower from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Finally, Barclays reissued an “equal weight” rating and set a $200.00 price target (down previously from $203.00) on shares of American Tower in a research report on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, American Tower presently has a consensus rating of “Moderate Buy” and an average target price of $220.26.

American Tower Trading Up 2.3%

Shares of AMT stock traded up $4.06 during trading hours on Monday, reaching $181.54. 3,868,274 shares of the stock were exchanged, compared to its average volume of 2,848,985. American Tower has a 12-month low of $166.88 and a 12-month high of $234.33. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 3.24. The firm has a market capitalization of $84.99 billion, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 0.70 and a beta of 0.92. The company’s 50-day moving average price is $177.66 and its 200-day moving average price is $193.80.

American Tower (NYSE:AMT) last announced its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.14. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.65 billion. American Tower had a return on equity of 28.79% and a net margin of 28.11%.During the same quarter in the previous year, the business earned $2.52 earnings per share. American Tower’s quarterly revenue was up 7.7% on a year-over-year basis. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. As a group, equities analysts anticipate that American Tower will post 10.14 earnings per share for the current year.

American Tower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, December 29th will be paid a $1.70 dividend. The ex-dividend date is Monday, December 29th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.7%. American Tower’s payout ratio is 108.63%.

Insider Transactions at American Tower

In other news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the sale, the insider owned 211,379 shares of the company’s stock, valued at $14,743,685.25. The trade was a 91.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eugene F. Reilly bought 5,554 shares of the company’s stock in a transaction on Friday, October 31st. The shares were acquired at an average price of $178.99 per share, with a total value of $994,110.46. Following the completion of the acquisition, the director directly owned 5,689 shares in the company, valued at $1,018,274.11. This represents a 4,114.07% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in American Tower by 1.0% during the third quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust’s stock valued at $12,239,277,000 after buying an additional 611,801 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of American Tower by 24.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,666,082 shares of the real estate investment trust’s stock worth $2,799,458,000 after buying an additional 2,474,328 shares in the last quarter. Invesco Ltd. lifted its position in American Tower by 3.1% in the third quarter. Invesco Ltd. now owns 6,888,633 shares of the real estate investment trust’s stock worth $1,324,822,000 after purchasing an additional 208,109 shares during the period. Norges Bank bought a new position in American Tower during the second quarter valued at about $1,371,875,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of American Tower by 3.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,563,565 shares of the real estate investment trust’s stock valued at $1,229,659,000 after purchasing an additional 208,213 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

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.