American Tower Corporation (NYSE:AMT) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Consensus rating: Twenty-one analysts give AMT a consensus "Moderate Buy" with an average 1‑year price target of about $216.76, despite several recent mixed price-target revisions.
• Quarterly results and guidance: AMT posted EPS of $1.75 (missing estimates of $2.54) but beat revenue at $2.74B, and set FY2026 guidance of $10.78–$10.95 EPS versus analysts' ~10.14 estimate.
• Insider activity & dividend: COO Eugene Noel sold 41,209 shares (~$7.87M) while a director bought 2,671 shares, and the company raised its quarterly dividend to $1.79 (annualized $7.16, ~4.0% yield).

American Tower Corporation (NYSE:AMT - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty-one ratings firms that are presently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $216.7619.

A number of equities research analysts recently issued reports on the stock. Scotiabank dropped their price target on shares of American Tower from $220.00 to $214.00 and set a "sector outperform" rating on the stock in a research note on Wednesday, February 25th. The Goldman Sachs Group dropped their price target on shares of American Tower from $230.00 to $210.00 and set a "buy" rating on the stock in a research note on Friday, January 16th. Mizuho dropped their price target on shares of American Tower from $217.00 to $189.00 and set a "neutral" rating on the stock in a research note on Monday, January 12th. New Street Research raised shares of American Tower from a "neutral" rating to a "buy" rating and set a $203.00 price target on the stock in a research note on Monday, January 5th. Finally, Jefferies Financial Group lifted their price target on shares of American Tower from $200.00 to $209.00 and gave the company a "buy" rating in a research note on Thursday, February 26th.

Insiders Place Their Bets

In related news, COO Eugene M. Noel sold 41,209 shares of American Tower stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total value of $7,872,979.45. Following the sale, the chief operating officer owned 29,592 shares of the company's stock, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rajesh Kalathur bought 2,671 shares of the stock in a transaction on Tuesday, March 10th. The shares were acquired at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the purchase, the director owned 4,936 shares in the company, valued at $914,640.80. The trade was a 117.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On American Tower

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMT. Richards Merrill & Peterson Inc. acquired a new stake in American Tower during the 4th quarter worth $25,000. Oakworth Capital Inc. boosted its stake in American Tower by 90.7% during the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 68 shares during the last quarter. Swiss RE Ltd. acquired a new stake in American Tower during the 4th quarter worth $25,000. Abound Wealth Management boosted its stake in American Tower by 137.3% during the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 81 shares during the last quarter. Finally, Holos Integrated Wealth LLC acquired a new stake in American Tower during the 4th quarter worth $27,000. Institutional investors and hedge funds own 92.69% of the company's stock.

American Tower Price Performance

Shares of NYSE AMT opened at $181.06 on Tuesday. The stock has a market capitalization of $84.39 billion, a price-to-earnings ratio of 33.59, a PEG ratio of 0.75 and a beta of 0.92. American Tower has a 12 month low of $165.08 and a 12 month high of $234.33. The firm's 50 day simple moving average is $180.92 and its 200-day simple moving average is $180.94. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60.

American Tower (NYSE:AMT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $2.54 by ($0.79). The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. American Tower had a return on equity of 24.36% and a net margin of 23.76%.American Tower's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.62 EPS. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Analysts expect that American Tower will post 10.14 EPS for the current year.

American Tower Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be paid a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a $7.16 dividend on an annualized basis and a yield of 4.0%. This is an increase from American Tower's previous quarterly dividend of $1.70. American Tower's dividend payout ratio is 126.16%.

American Tower Company Profile

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.

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