American Tower Corporation (NYSE:AMT) Stock Has Consensus Price Target of $215.48 According to Analysts

American Tower Corporation (NYSE:AMT) has received an average rating of “Moderate Buy” from the twenty analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $215.48.

A number of brokerages have recently commented on AMT. Mizuho set a $208.00 price target on shares of American Tower in a report on Thursday, August 20th. Truist Financial reiterated a “buy” rating and issued a $207.00 price target (down from $208.00) on shares of American Tower in a research report on Wednesday, August 12th. Sanford C. Bernstein reissued an “outperform” rating and issued a $214.00 price target on shares of American Tower in a research note on Wednesday, July 29th. Barclays raised their price objective on American Tower from $198.00 to $199.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 30th. Finally, Wolfe Research raised American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price objective on the stock in a research note on Wednesday, July 8th.

American Tower Stock Up 0.3%

Shares of NYSE:AMT opened at $166.66 on Tuesday. 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 company has a market capitalization of $77.66 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 2.67 and a beta of 0.88. American Tower has a 52-week low of $160.06 and a 52-week high of $196.08. The company has a fifty day moving average of $172.45 and a 200-day moving average of $174.92.

American Tower (NYSE:AMT) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $1.14. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, equities analysts predict that American Tower will post 10.8 EPS for the current fiscal year.

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Wednesday, September 30th will be issued a $1.79 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $7.16 annualized dividend and a yield of 4.3%. American Tower’s payout ratio is presently 98.49%.

Insider Buying and Selling at American Tower

In other news, EVP Ruth T. Dowling sold 1,106 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president owned 27,711 shares of the company’s stock, valued at $4,848,316.56. This trade represents a 3.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction, the chief financial officer owned 21,428 shares in the company, valued at $3,833,254.92. The trade was a 18.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 6,791 shares of company stock valued at $1,204,091. 0.08% of the stock is currently owned by insiders.

Institutional Trading of American Tower

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMT. BlackRock Inc. purchased a new stake in shares of American Tower in the second quarter valued at about $7,490,943,000. J. Stern & Co. LLP boosted its holdings in American Tower by 28,121.1% during the fourth quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust’s stock worth $6,616,703,000 after purchasing an additional 37,553,436 shares during the last quarter. Deutsche Bank AG purchased a new position in shares of American Tower in the 2nd quarter worth about $1,096,186,000. Bank of America Corp DE bought a new stake in shares of American Tower in the 2nd quarter worth approximately $638,829,000. Finally, Bank of New York Mellon Corp bought a new position in American Tower during the second quarter valued at $500,016,000. 92.69% of the stock is owned by institutional investors.

American Tower Company Profile

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.