American Tower (NYSE:AMT) Now Covered by Sanford C. Bernstein

Key Points

• Sanford C. Bernstein initiated coverage with a market perform rating and a $205 price target (≈7.5% upside); the Street consensus remains a Moderate Buy with an average target of $217.35.
• American Tower missed Q4 EPS ($1.75 vs. $2.54 est.) by $0.79 while revenue of $2.74B slightly beat estimates, and the company set FY2026 guidance of 10.78–10.95 EPS versus analysts' ~10.14 forecast.
• Significant insider selling was reported: Tower Corp sold 2,288,621 shares in December (a 91.54% reduction) and the COO sold 41,209 shares in March, leaving insiders with about 0.17% ownership.

Equities researchers at Sanford C. Bernstein started coverage on shares of American Tower (NYSE:AMT - Get Free Report) in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage set a "market perform" rating and a $205.00 price target on the real estate investment trust's stock. Sanford C. Bernstein's price target would suggest a potential upside of 7.48% from the company's current price.

AMT has been the topic of a number of other reports. UBS Group dropped their price target on shares of American Tower from $254.00 to $248.00 and set a "buy" rating on the stock in a research report on Wednesday, February 25th. JPMorgan Chase & Co. cut their price target on shares of American Tower from $250.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, January 12th. The Goldman Sachs Group decreased 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 report on Friday, January 16th. Mizuho cut their target price on American Tower from $217.00 to $189.00 and set a "neutral" rating on the stock in a research report on Monday, January 12th. Finally, Jefferies Financial Group upped their price objective 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. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $217.35.

American Tower Stock Down 0.0%

NYSE:AMT opened at $190.73 on Thursday. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $89.29 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 0.80 and a beta of 0.92. American Tower has a one year low of $166.88 and a one year high of $234.33. The stock has a 50-day simple moving average of $180.10 and a 200 day simple moving average of $185.23.

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

Insider Activity at American Tower

In related news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of American Tower stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the sale, the insider directly owned 211,379 shares of the company's stock, valued at $14,743,685.25. This trade represents a 91.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Eugene M. Noel sold 41,209 shares of the company's 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 completion of the transaction, the chief operating officer owned 29,592 shares of the company's stock, valued at $5,653,551.60. The trade was a 58.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.17% of the stock is currently owned by corporate insiders.

Institutional Trading of American Tower

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AG Campbell Advisory LLC bought a new position in shares of American Tower during the 4th quarter worth approximately $2,286,000. Pure Financial Advisors LLC bought a new position in shares of American Tower during the fourth quarter valued at $295,000. SHP Wealth Management acquired a new stake in shares of American Tower in the 4th quarter valued at $211,000. Reflection Asset Management acquired a new stake in shares of American Tower during the 4th quarter worth about $610,000. Finally, Tobam lifted its holdings in American Tower by 2.9% during the 4th quarter. Tobam now owns 26,925 shares of the real estate investment trust's stock valued at $4,727,000 after purchasing an additional 756 shares during the last quarter. Institutional investors own 92.69% of the company's stock.

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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