American Tower (NYSE:AMT) Research Coverage Started at Truist Financial

Truist Financial assumed coverage on shares of American Tower (NYSE:AMT) in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage issued a buy rating and a $205.00 price target on the real estate investment trust’s stock.

Several other research firms have also commented on AMT. The Goldman Sachs Group lowered their price target on shares of American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. Jefferies Financial Group upped their target price on American Tower from $200.00 to $209.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Raymond James Financial lowered their target price on American Tower from $231.00 to $229.00 and set a “strong-buy” rating on the stock in a report on Friday, January 23rd. New Street Research raised American Tower from a “neutral” rating to a “buy” rating and set a $203.00 price target for the company in a research report on Monday, January 5th. Finally, Mizuho cut their price target on American Tower from $217.00 to $189.00 and set a “neutral” rating for the company in a report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, American Tower presently has a consensus rating of “Moderate Buy” and an average target price of $216.76.

American Tower Trading Up 1.6%

NYSE:AMT opened at $173.73 on Tuesday. American Tower has a 52-week low of $165.08 and a 52-week high of $234.33. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27. The stock has a fifty day simple moving average of $181.12 and a 200-day simple moving average of $181.93. The company has a market capitalization of $80.97 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 0.72 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 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.79). American Tower had a net margin of 23.76% and a return on equity of 24.36%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period in the previous year, the company posted $2.62 earnings per share. American Tower’s revenue was up 7.5% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, equities research analysts expect that American Tower will post 10.14 earnings per share for the current fiscal year.

American Tower Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.1%. This is an increase from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio is currently 126.16%.

Insider Activity

In related news, COO Eugene M. Noel sold 41,209 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total value of $7,872,979.45. Following the sale, the chief operating officer directly owned 29,592 shares of the company’s stock, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rajesh Kalathur bought 2,671 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was bought at an average price of $185.30 per share, with a total value of $494,936.30. Following the completion of the acquisition, the director 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. Corporate insiders own 0.17% of the company’s stock.

Institutional Trading of American Tower

Several institutional investors have recently made changes to their positions in the stock. Richards Merrill & Peterson Inc. acquired a new position in American Tower in the fourth quarter valued at $25,000. Oakworth Capital Inc. increased its stake in American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 68 shares during the last quarter. Swiss RE Ltd. acquired a new stake in American Tower during the fourth quarter worth about $25,000. Abound Wealth Management raised its holdings in shares of American Tower by 137.3% in the 3rd 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 during the period. Finally, Holos Integrated Wealth LLC acquired a new position in shares of American Tower in the 4th quarter valued at about $27,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

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.