American Tower Corporation (NYSE:AMT) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• American Tower Corporation (NYSE:AMT) has received a consensus rating of "Moderate Buy" from seventeen brokerages, with an average 12-month price objective of $244.73.
• CEO Juan Font recently sold 720 shares of the company's stock at an average price of $208.33, reducing his ownership by 2.98%.
• American Tower reported earnings of $2.60 per share for its latest quarter, slightly surpassing analysts' expectations, though revenue fell 9.4% year-over-year.

American Tower Corporation (NYSE:AMT - Get Free Report) has received an average rating of "Moderate Buy" from the seventeen research firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $244.7333.

Several equities analysts have commented on AMT shares. Hsbc Global Res lowered shares of American Tower from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Barclays raised their price target on shares of American Tower from $246.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. UBS Group boosted their price target on shares of American Tower from $250.00 to $260.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Raymond James Financial set a $250.00 price objective on shares of American Tower and gave the company a "strong-buy" rating in a research note on Wednesday, July 30th. Finally, Bank of America started coverage on shares of American Tower in a research report on Monday, May 19th. They issued a "buy" rating and a $255.00 price objective on the stock.

American Tower Price Performance

Shares of NYSE:AMT traded up $3.27 during midday trading on Monday, reaching $198.36. 4,126,139 shares of the company were exchanged, compared to its average volume of 2,398,712. American Tower has a one year low of $172.51 and a one year high of $243.56. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 3.36. The business's fifty day moving average is $213.60 and its two-hundred day moving average is $213.33. The stock has a market cap of $92.88 billion, a PE ratio of 72.13, a price-to-earnings-growth ratio of 1.20 and a beta of 0.86.

American Tower (NYSE:AMT - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $2.60 EPS for the quarter, beating the consensus estimate of $2.59 by $0.01. American Tower had a net margin of 12.60% and a return on equity of 24.85%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter last year, the business earned $2.79 earnings per share. American Tower's quarterly revenue was down 9.4% compared to the same quarter last year. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. As a group, analysts predict that American Tower will post 10.14 earnings per share for the current year.

Insider Buying and Selling

In other American Tower news, CEO Juan Font sold 720 shares of American Tower stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $208.33, for a total transaction of $149,997.60. Following the completion of the sale, the chief executive officer directly owned 23,425 shares in the company, valued at approximately $4,880,130.25. The trade was a 2.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.17% of the company's stock.

Hedge Funds Weigh In On American Tower

Several large investors have recently made changes to their positions in AMT. Blossom Wealth Management grew its position in shares of American Tower by 1.8% in the second quarter. Blossom Wealth Management now owns 2,601 shares of the real estate investment trust's stock valued at $575,000 after purchasing an additional 45 shares during the period. TFG Advisers LLC increased its stake in shares of American Tower by 0.3% during the second quarter. TFG Advisers LLC now owns 16,186 shares of the real estate investment trust's stock worth $3,578,000 after purchasing an additional 47 shares in the last quarter. Novem Group increased its stake in shares of American Tower by 3.8% during the second quarter. Novem Group now owns 1,316 shares of the real estate investment trust's stock worth $291,000 after purchasing an additional 48 shares in the last quarter. Analyst IMS Investment Management Services Ltd. increased its stake in shares of American Tower by 3.6% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 1,370 shares of the real estate investment trust's stock worth $303,000 after purchasing an additional 48 shares in the last quarter. Finally, Marion Wealth Management increased its stake in shares of American Tower by 0.8% during the second quarter. Marion Wealth Management now owns 5,924 shares of the real estate investment trust's stock worth $1,309,000 after purchasing an additional 48 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Company Profile

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.