American Tower Corporation (NYSE:AMT) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• American Tower has a “Moderate Buy” consensus rating: Of 20 covering analysts, 16 recommend buying, three rate the stock a hold, and one gives it a strong-buy rating. The average 12-month price target is $215.14, versus a recent share price of $175.68.
• Quarterly results exceeded expectations: American Tower reported $2.71 in earnings per share and $2.75 billion in revenue, surpassing analyst estimates of $1.57 and $2.70 billion, respectively. Revenue increased 4.6% year over year, and fiscal 2026 EPS guidance is $11.00–$11.17.
• The company maintains an attractive dividend but has heavy insider ownership activity: Its quarterly dividend is $1.79 per share, representing a 4.1% annualized yield, while insiders sold 6,791 shares worth approximately $1.2 million over the past 90 days. Institutional investors own 92.69% of the stock.

Shares of American Tower Corporation (NYSE:AMT - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $215.1429.

AMT has been the subject of a number of analyst reports. Truist Financial restated a "buy" rating and set a $207.00 price objective (down from $208.00) on shares of American Tower in a research report on Wednesday, August 12th. Citizens Jmp reissued a "market outperform" rating and set a $260.00 target price on shares of American Tower in a research report on Wednesday, April 29th. Raymond James Financial restated a "strong-buy" rating and set a $240.00 price target on shares of American Tower in a report on Wednesday, April 29th. The Goldman Sachs Group set a $210.00 price target on shares of American Tower in a research report on Tuesday, July 28th. Finally, Jefferies Financial Group reduced their price objective on shares of American Tower from $210.00 to $201.00 and set a "buy" rating on the stock in a research note on Wednesday, July 15th.

Insiders Place Their Bets

In other news, CFO Robert Joseph Meyer sold 5,000 shares of the business's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the transaction, the chief financial officer directly owned 21,428 shares of the company's stock, valued at $3,833,254.92. The trade was a 18.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ruth T. Dowling sold 1,106 shares of American Tower stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total value of $193,505.76. Following the completion of the sale, the executive vice president owned 27,711 shares of the company's stock, valued at approximately $4,848,316.56. The trade was a 3.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,791 shares of company stock worth $1,204,091 in the last ninety days. Insiders own 0.08% of the company's stock.

Institutional Trading of American Tower

Large investors have recently modified their holdings of the stock. Oakworth Capital Inc. boosted its stake in American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 68 shares in the last quarter. Richards Merrill & Peterson Inc. bought a new stake in American Tower in the fourth quarter valued at $25,000. Swiss RE Ltd. acquired a new position in shares of American Tower during the fourth quarter valued at about $25,000. Triumph Capital Management bought a new position in shares of American Tower during the 3rd quarter worth about $29,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in shares of American Tower in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 92.69% of the company's stock.

American Tower Price Performance

Shares of NYSE:AMT opened at $175.68 on Monday. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52. American Tower has a 52 week low of $160.06 and a 52 week high of $214.79. The firm has a market cap of $81.86 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 2.79 and a beta of 0.90. The firm's fifty day moving average is $172.82 and its 200-day moving average is $177.93.

American Tower (NYSE:AMT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $1.14. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%.American Tower's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Sell-side analysts predict that American Tower will post 10.78 earnings per share for the current year.

American Tower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Friday, June 12th were given a dividend of $1.79 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a yield of 4.1%. American Tower's dividend payout ratio is 98.49%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source