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

Shares of American Tower Corporation (NYSE:AMT) have been assigned a consensus recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $228.4444.

Several analysts have issued reports on AMT shares. TD Cowen dropped their price objective on American Tower from $249.00 to $235.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. The Goldman Sachs Group dropped their price target on American Tower from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. BMO Capital Markets cut their price target on American Tower from $220.00 to $215.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Argus set a $210.00 price objective on shares of American Tower in a report on Thursday, October 30th. Finally, Wells Fargo & Company cut their target price on shares of American Tower from $210.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th.

American Tower Stock Performance

Shares of AMT stock opened at $179.56 on Friday. The company has a fifty day moving average price of $186.92 and a two-hundred day moving average price of $204.03. American Tower has a one year low of $172.51 and a one year high of $234.33. The stock has a market cap of $84.06 billion, a P/E ratio of 28.68, a P/E/G ratio of 1.08 and a beta of 0.85. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.89 and a quick ratio of 0.95.

American Tower (NYSE:AMT) last issued its 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. American Tower had a net margin of 28.11% and a return on equity of 28.79%. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the prior year, the firm earned $2.52 EPS. American Tower’s quarterly revenue was up 7.7% compared to the same quarter last year. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. As a group, equities analysts predict that American Tower will post 10.14 EPS for the current year.

American Tower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th were given a dividend of $1.70 per share. The ex-dividend date was Tuesday, September 30th. This represents a $6.80 annualized dividend and a yield of 3.8%. American Tower’s dividend payout ratio (DPR) is 108.63%.

Insider Activity

In other news, Director Eugene F. Reilly bought 5,554 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were bought at an average price of $178.99 per share, with a total value of $994,110.46. Following the completion of the transaction, the director owned 5,689 shares of the company’s stock, valued at $1,018,274.11. This trade represents a 4,114.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Institutional Trading of American Tower

Several institutional investors have recently added to or reduced their stakes in AMT. Brighton Jones LLC grew its stake in shares of American Tower by 113.0% in the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock valued at $727,000 after acquiring an additional 2,104 shares in the last quarter. CWM LLC boosted its holdings in American Tower by 8.2% in the 1st quarter. CWM LLC now owns 16,580 shares of the real estate investment trust’s stock valued at $3,608,000 after purchasing an additional 1,255 shares during the period. Larson Financial Group LLC grew its position in shares of American Tower by 434.0% during the 1st quarter. Larson Financial Group LLC now owns 1,052 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 855 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of American Tower by 7.6% during the first quarter. Victory Capital Management Inc. now owns 186,161 shares of the real estate investment trust’s stock worth $40,509,000 after purchasing an additional 13,108 shares during the period. Finally, Graypoint LLC raised its position in shares of American Tower by 8.2% in the first quarter. Graypoint LLC now owns 3,666 shares of the real estate investment trust’s stock valued at $798,000 after buying an additional 279 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

About American Tower

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.