American Tower (NYSE:AMT - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 10.460-10.650 for the period, compared to the consensus estimate of 10.513. The company issued revenue guidance of -.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on AMT. Barclays raised their price objective on shares of American Tower from $223.00 to $246.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their price objective on shares of American Tower from $250.00 to $260.00 and gave the stock an "outperform" rating in a report on Thursday. Bank of America assumed coverage on shares of American Tower in a report on Monday, May 19th. They set a "buy" rating and a $255.00 price objective on the stock. The Goldman Sachs Group reiterated a "buy" rating on shares of American Tower in a research note on Tuesday. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $245.00 price target (down from $250.00) on shares of American Tower in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $243.88.
Read Our Latest Stock Report on American Tower
American Tower Stock Performance
NYSE AMT traded up $3.79 during trading on Friday, reaching $212.18. The company's stock had a trading volume of 3,232,190 shares, compared to its average volume of 2,634,315. The company has a current ratio of 0.95, a quick ratio of 0.81 and a debt-to-equity ratio of 3.36. The firm has a market capitalization of $99.33 billion, a price-to-earnings ratio of 77.16, a price-to-earnings-growth ratio of 1.15 and a beta of 0.82. American Tower has a 12 month low of $172.51 and a 12 month high of $243.56. The firm has a 50 day moving average price of $218.73 and a 200 day moving average price of $210.09.
American Tower (NYSE:AMT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $2.60 EPS for the quarter, beating the consensus estimate of $2.59 by $0.01. American Tower had a net margin of 12.60% and a return on equity of 24.85%. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the previous year, the business earned $2.79 earnings per share. The company's revenue was down 9.4% on a year-over-year basis. As a group, equities analysts anticipate that American Tower will post 10.14 EPS for the current fiscal year.
American Tower Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 13th were paid a dividend of $1.70 per share. The ex-dividend date was Friday, June 13th. This represents a $6.80 annualized dividend and a yield of 3.2%. American Tower's dividend payout ratio is presently 247.27%.
Insiders Place Their Bets
In related news, CEO Juan Font sold 720 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $208.33, for a total transaction of $149,997.60. Following the completion of the transaction, the chief executive officer directly owned 23,425 shares in the company, valued at $4,880,130.25. This represents a 2.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by insiders.
Hedge Funds Weigh In On American Tower
A hedge fund recently raised its stake in American Tower stock. Brighton Jones LLC raised its holdings in American Tower Corporation (NYSE:AMT - Free Report) by 113.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,966 shares of the real estate investment trust's stock after acquiring an additional 2,104 shares during the quarter. Brighton Jones LLC's holdings in American Tower were worth $727,000 as of its most recent SEC filing. 92.69% of the stock is owned by hedge funds and other institutional investors.
About American Tower
(
Get Free Report)
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.
Further Reading
Before you consider American Tower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Tower wasn't on the list.
While American Tower currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
