American Tower (AMT) Expected to Announce Earnings on Tuesday

American Tower (NYSE:AMT - Get Free Report) is anticipated to post its Q1 2025 quarterly earnings results before the market opens on Tuesday, April 29th. Analysts expect American Tower to post earnings of $2.41 per share and revenue of $2.54 billion for the quarter. American Tower has set its FY 2025 guidance at 10.310-10.500 EPS and its FY25 guidance at $10.31 to $10.50 EPS.

American Tower (NYSE:AMT - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $2.62 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.83. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The firm had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.51 billion. During the same quarter in the prior year, the firm posted $2.29 earnings per share. The business's quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts expect American Tower to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

American Tower Price Performance

NYSE:AMT traded down $0.27 during midday trading on Friday, hitting $210.64. The company had a trading volume of 2,464,545 shares, compared to its average volume of 2,485,503. American Tower has a 52-week low of $170.46 and a 52-week high of $243.56. The stock's fifty day moving average price is $210.83 and its 200-day moving average price is $202.00. The company has a market capitalization of $98.47 billion, a PE ratio of 88.88, a P/E/G ratio of 1.29 and a beta of 0.87. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 3.27.

American Tower Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, April 11th will be given a $1.70 dividend. The ex-dividend date of this dividend is Friday, April 11th. This is a positive change from American Tower's previous quarterly dividend of $1.62. This represents a $6.80 annualized dividend and a yield of 3.23%. American Tower's payout ratio is 141.37%.

Institutional Trading of American Tower

An institutional investor recently raised its position in American Tower stock. Brighton Jones LLC lifted its position in shares of American Tower Co. (NYSE:AMT - Free Report) by 113.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,966 shares of the real estate investment trust's stock after purchasing an additional 2,104 shares during the period. Brighton Jones LLC's holdings in American Tower were worth $727,000 as of its most recent SEC filing. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. JMP Securities assumed coverage on shares of American Tower in a research report on Monday, January 27th. They issued an "outperform" rating and a $225.00 target price for the company. Morgan Stanley assumed coverage on shares of American Tower in a research report on Tuesday, April 1st. They issued an "overweight" rating and a $250.00 target price for the company. Citizens Jmp upgraded shares of American Tower to a "strong-buy" rating in a research report on Monday, January 27th. Barclays upped their price target on shares of American Tower from $214.00 to $223.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. Finally, Citigroup upped their price target on shares of American Tower from $220.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, March 10th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $233.07.

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.