American Tower (NYSE:AMT) Releases Earnings Results

American Tower (NYSE:AMT - Get Free Report) released its quarterly earnings data on Tuesday. The real estate investment trust reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.34, Zacks reports. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The firm had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.54 billion. During the same period last year, the business earned $2.79 earnings per share. American Tower's revenue was down 9.6% compared to the same quarter last year. American Tower updated its FY 2025 guidance to 10.350-10.540 EPS.

American Tower Stock Up 4.4 %

Shares of NYSE:AMT traded up $9.20 during trading on Tuesday, reaching $220.50. 1,159,073 shares of the company traded hands, compared to its average volume of 2,484,063. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 3.27. American Tower has a 1-year low of $170.46 and a 1-year high of $243.56. The firm has a fifty day simple moving average of $211.28 and a 200 day simple moving average of $201.94. The firm has a market cap of $103.08 billion, a P/E ratio of 93.03, a price-to-earnings-growth ratio of 1.29 and a beta of 0.87.

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Friday, April 11th were paid a $1.70 dividend. This is a positive change from American Tower's previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, April 11th. This represents a $6.80 dividend on an annualized basis and a yield of 3.08%. American Tower's dividend payout ratio (DPR) is currently 141.37%.

Institutional Investors Weigh In On American Tower

A hedge fund recently raised its stake in American Tower stock. Brighton Jones LLC lifted its stake in shares of American Tower Co. (NYSE:AMT - Free Report) by 113.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,966 shares of the real estate investment trust's stock after purchasing an additional 2,104 shares during the period. Brighton Jones LLC's holdings in American Tower were worth $727,000 at the end of the most recent reporting period. Institutional investors own 92.69% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Citigroup boosted their price target on shares of American Tower from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. JMP Securities started coverage on American Tower in a research note on Monday, January 27th. They issued an "outperform" rating and a $225.00 price objective for the company. Mizuho decreased their price target on shares of American Tower from $221.00 to $204.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Hsbc Global Res raised shares of American Tower to a "strong-buy" rating in a research report on Thursday, February 27th. Finally, Morgan Stanley began coverage on shares of American Tower in a report on Tuesday, April 1st. They set an "overweight" rating and a $250.00 price objective on the stock. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $233.07.

About American Tower

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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