American Tower Corporation (NYSE:AMT) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• American Tower Corporation (NYSE:AMT) has received a consensus rating of “Moderate Buy” from analysts, with an average target price of $236.75.
• The company recently announced a quarterly dividend of $1.70 per share, contributing to an annualized dividend of $6.80 and a 3.5% yield.
• American Tower reported earnings of $2.60 per share for the last quarter, slightly exceeding analyst expectations and setting a FY 2025 guidance of 10.460-10.650 EPS.

Shares of American Tower Corporation (NYSE:AMT - Get Free Report) have received an average recommendation of "Moderate Buy" from the nineteen brokerages that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $236.75.

AMT has been the topic of a number of research analyst reports. Morgan Stanley cut their target price on American Tower from $270.00 to $235.00 and set an "overweight" rating on the stock in a research report on Thursday, October 16th. HSBC downgraded American Tower from a "buy" rating to a "hold" rating and set a $235.00 price target on the stock. in a research note on Wednesday, July 30th. Hsbc Global Res cut American Tower from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Barclays raised their target price on shares of American Tower from $250.00 to $251.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Citigroup reduced their price target on shares of American Tower from $250.00 to $225.00 and set a "buy" rating for the company in a research report on Thursday, October 16th.

American Tower Stock Up 0.8%

AMT stock opened at $192.89 on Tuesday. The stock has a market cap of $90.32 billion, a P/E ratio of 70.14, a PEG ratio of 1.16 and a beta of 0.86. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 3.36. American Tower has a twelve month low of $172.51 and a twelve month high of $234.33. The company's 50 day moving average is $196.37 and its two-hundred day moving average is $209.51.

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

American Tower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th were paid a dividend of $1.70 per share. The ex-dividend date was Tuesday, September 30th. This represents a $6.80 annualized dividend and a dividend yield of 3.5%. American Tower's dividend payout ratio is 247.27%.

Insider Transactions at American Tower

In related news, CEO Juan Font sold 720 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $208.33, for a total value of $149,997.60. Following the transaction, the chief executive officer owned 23,425 shares in the company, valued at $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 available at the SEC website. 0.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. North Capital Inc. purchased a new position in American Tower in the 1st quarter valued at $25,000. Hopwood Financial Services Inc. lifted its stake in shares of American Tower by 100.0% in the 1st quarter. Hopwood Financial Services Inc. now owns 120 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 60 shares during the period. Abound Wealth Management boosted its holdings in shares of American Tower by 137.3% in the third quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 81 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of American Tower during the first quarter worth about $31,000. Finally, Legacy Investment Solutions LLC purchased a new position in American Tower during the second quarter worth about $31,000. Institutional investors and hedge funds own 92.69% of the company's stock.

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.

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