American Tower (NYSE:AMT) Sets New 12-Month Low – Time to Sell?

American Tower Corporation (NYSE:AMT)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $164.01 and last traded at $164.8750, with a volume of 421485 shares. The stock had previously closed at $168.67.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings downgraded shares of American Tower from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Royal Bank Of Canada upgraded American Tower from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $195.00 to $205.00 in a research note on Friday, June 26th. Jefferies Financial Group raised their price objective on American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Sanford C. Bernstein upgraded American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 target price for the company in a research note on Tuesday, May 19th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $260.00 target price on shares of American Tower in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, American Tower has a consensus rating of “Moderate Buy” and a consensus target price of $216.95.

American Tower Trading Up 1.5%

The firm has a market capitalization of $77.39 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 0.68 and a beta of 0.91. The business’s 50-day moving average is $180.32 and its 200 day moving average is $179.50. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the previous year, the firm posted $2.75 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, analysts anticipate that American Tower Corporation will post 10.66 EPS for the current fiscal year.

American Tower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, June 12th. American Tower’s payout ratio is 115.67%.

Insider Transactions at American Tower

In related news, EVP Ruth T. Dowling sold 416 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total transaction of $73,856.64. Following the sale, the executive vice president owned 29,461 shares of the company’s stock, valued at $5,230,505.94. This represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by corporate insiders.

Institutional Trading of American Tower

Institutional investors have recently modified their holdings of the stock. Adelphi Trust Co grew its holdings in shares of American Tower by 12.2% during the 2nd quarter. Adelphi Trust Co now owns 1,909 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 207 shares in the last quarter. Eastern Bank raised its stake in American Tower by 5.9% in the second quarter. Eastern Bank now owns 162,107 shares of the real estate investment trust’s stock valued at $26,516,000 after purchasing an additional 9,016 shares in the last quarter. Ballast Advisors LLC acquired a new position in American Tower in the first quarter valued at about $119,000. Sapient Capital LLC lifted its position in American Tower by 12.0% during the first quarter. Sapient Capital LLC now owns 2,704 shares of the real estate investment trust’s stock worth $467,000 after purchasing an additional 290 shares during the period. Finally, Western Wealth Management LLC grew its stake in American Tower by 75.2% during the first quarter. Western Wealth Management LLC now owns 7,342 shares of the real estate investment trust’s stock worth $1,267,000 after buying an additional 3,152 shares in the last quarter. 92.69% of the stock is currently owned by 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.