American Tower Corporation (NYSE:AMT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of American Tower Corporation (NYSE:AMT) have received a consensus recommendation of “Moderate Buy” from the twenty analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $215.2857.

A number of equities research analysts have weighed in on AMT shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $214.00 price objective on shares of American Tower in a report on Wednesday, July 29th. TD Cowen increased their target price on American Tower from $225.00 to $227.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Citizens Jmp reissued a “market outperform” rating and issued a $260.00 price target on shares of American Tower in a report on Wednesday, April 29th. JPMorgan Chase & Co. decreased their price target on American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Finally, BMO Capital Markets upped their price objective on American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday, July 29th.

American Tower Stock Up 0.3%

Shares of American Tower stock opened at $176.36 on Monday. American Tower has a one year low of $160.06 and a one year high of $214.79. The company has a market cap of $82.18 billion, a P/E ratio of 24.26, a PEG ratio of 2.78 and a beta of 0.90. 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 firm has a fifty day moving average of $171.26 and a two-hundred day moving average of $177.78.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share 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 net margin of 31.08% and a return on equity of 32.76%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, analysts forecast that American Tower will post 10.8 earnings per share for the current year.

Insider Buying and Selling at American Tower

In other American Tower news, CFO Robert Joseph Meyer sold 5,000 shares of the business’s 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 sale, the chief financial officer directly owned 21,428 shares in the company, valued at approximately $3,833,254.92. The trade was a 18.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ruth T. Dowling sold 1,106 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total transaction of $193,505.76. Following the transaction, the executive vice president directly owned 27,711 shares in the company, valued at approximately $4,848,316.56. This trade represents a 3.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,791 shares of company stock worth $1,204,091 over the last 90 days. Insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AMT. Oakworth Capital Inc. grew its holdings in shares of American Tower by 90.7% in the 4th 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 period. Richards Merrill & Peterson Inc. acquired a new position in American Tower during the fourth quarter worth $25,000. Swiss RE Ltd. purchased a new stake in American Tower during the fourth quarter worth $25,000. Triumph Capital Management acquired a new stake in American Tower in the third quarter valued at $29,000. Finally, Operose Advisors LLC acquired a new stake in American Tower in the second quarter valued at $25,000. 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.