American Tower (NYSE:AMT) Releases FY 2026 Earnings Guidance

American Tower (NYSE:AMT - Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 10.900-11.07 for the period, compared to the consensus estimate of 10.590. The company issued revenue guidance of -.

American Tower Price Performance

Shares of AMT stock opened at $175.33 on Tuesday. The stock has a market cap of $81.72 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 0.75 and a beta of 0.92. The business's fifty day moving average is $180.54 and its 200 day moving average is $180.11. American Tower has a twelve month low of $165.08 and a twelve month high of $234.33. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27.

American Tower (NYSE:AMT - Get Free Report) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping the consensus estimate of $1.59 by $1.25. American Tower had a return on equity of 24.36% and a net margin of 23.76%.American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Research analysts expect that American Tower will post 10.59 EPS for the current fiscal year.

American Tower Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 4.1%. This is a positive change from American Tower's previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Tuesday, April 14th. American Tower's dividend payout ratio is presently 132.84%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMT. Scotiabank lowered their price target on American Tower from $220.00 to $214.00 and set a "sector outperform" rating on the stock in a report on Wednesday, February 25th. Mizuho raised American Tower from a "neutral" rating to an "outperform" rating and increased their target price for the company from $189.00 to $205.00 in a report on Wednesday, April 15th. The Goldman Sachs Group lowered their target price on American Tower from $230.00 to $210.00 and set a "buy" rating on the stock in a report on Friday, January 16th. Jefferies Financial Group increased their target price on American Tower from $209.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, April 14th. Finally, Sanford C. Bernstein started coverage on American Tower in a report on Thursday, March 5th. They issued a "market perform" rating and a $205.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $217.33.

Insider Activity

In related news, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the completion of the sale, the chief operating officer owned 29,592 shares in the company, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rajesh Kalathur bought 2,671 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average price of $185.30 per share, with a total value of $494,936.30. Following the transaction, the director directly owned 4,936 shares of the company's stock, valued at $914,640.80. This represents a 117.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.08% of the company's stock.

Hedge Funds Weigh In On American Tower

Institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in American Tower by 113.0% during the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust's stock valued at $727,000 after buying an additional 2,104 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in American Tower by 34.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust's stock valued at $319,000 after buying an additional 368 shares in the last quarter. Wiser Advisor Group LLC purchased a new position in American Tower during the 3rd quarter valued at approximately $93,000. Colonial Trust Advisors grew its holdings in American Tower by 40.5% during the 4th quarter. Colonial Trust Advisors now owns 520 shares of the real estate investment trust's stock valued at $91,000 after buying an additional 150 shares in the last quarter. Finally, Prosperity Bancshares Inc purchased a new position in American Tower during the 4th quarter valued at approximately $76,000. Hedge funds and other institutional investors own 92.69% of the company's stock.

About American Tower

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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