American Tower Corporation (NYSE:AMT) Stock Has Average Price Target of $216.44

Key Points

• Analysts remain broadly bullish: American Tower has a “Moderate Buy” consensus, with 16 buy, two hold and one strong-buy ratings. The average 12-month price target is $216.44, above the reported share price of $187.83.
• Quarterly results were largely supportive: Third-quarter EPS matched estimates at $1.64, while revenue of $2.79 billion exceeded expectations and rose 2.5% year over year.
• Capital returns could support the stock: The board authorized a $2 billion share-repurchase plan, and the company maintains a quarterly dividend of $1.79, equivalent to a 3.8% annualized yield.

American Tower Corporation (NYSE:AMT - Get Free Report) has received a consensus rating of "Moderate Buy" from the nineteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $216.44.

AMT has been the topic of several research analyst reports. Jefferies Financial Group decreased 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. TD Cowen lifted their target price on shares of American Tower from $225.00 to $227.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Truist Financial boosted their target price on American Tower from $207.00 to $210.00 and gave the stock a "buy" rating in a report on Friday. Mizuho set a $208.00 price target on American Tower in a research report on Thursday, August 20th. Finally, Sanford C. Bernstein dropped their price target on American Tower from $214.00 to $212.00 and set an "outperform" rating for the company in a report on Tuesday, October 20th.

American Tower News Roundup

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: Truist raises target and reiterates Buy: Truist Financial increased its price target for AMT from $207 to $210 and assigned a “Buy” rating. The new target implies approximately 12% upside from the reference price, providing a positive near-term catalyst.
• Positive Sentiment: Share repurchase plan approved: American Tower’s board approved a stock repurchase plan, potentially supporting the share price and signaling management’s confidence in the company’s valuation and cash-generation ability. Stock Repurchase Plan Approved by American Tower Board
• Positive Sentiment: CoreSite outlook remains favorable: Coverage highlighted CoreSite’s repeated guidance increases, suggesting continued strength in American Tower’s data-center and digital-infrastructure operations. Why Is CoreSite Lifting American Tower Guidance Again?
• Neutral Sentiment: Recent earnings were broadly in line: Third-quarter EPS matched consensus, while revenue exceeded estimates and increased year over year. The results provide fundamental support, although earnings growth remains a key consideration for investors. American Tower Q3 2026 Earnings
• Neutral Sentiment: Analyst views are mixed: Recent coverage describes differing opinions on AMT and other real-estate stocks, while performance comparisons examine whether American Tower is outperforming its finance-sector peers. Analysts Offer Insights on Real Estate Companies
• Negative Sentiment: JPMorgan and Citigroup lowered expectations: Both firms recently reduced their price targets for AMT, tempering the bullish impact of Truist’s upgrade. Citigroup nevertheless retained a “Buy” rating while cutting its target from $225 to $220. Citigroup Cuts American Tower Price Target JPMorgan Lowers Expectations for American Tower

American Tower Price Performance

American Tower stock opened at $187.83 on Friday. The company has a debt-to-equity ratio of 3.30, a current ratio of 0.51 and a quick ratio of 0.52. The company has a market capitalization of $87.52 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 3.36 and a beta of 0.88. American Tower has a one year low of $160.06 and a one year high of $202.50. The business has a 50 day simple moving average of $175.85 and a 200 day simple moving average of $177.35.

American Tower (NYSE:AMT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The real estate investment trust reported $1.64 earnings per share for the quarter, meeting analysts' consensus estimates of $1.64. American Tower had a return on equity of 32.71% and a net margin of 30.10%. The firm had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.76 billion. During the same period in the prior year, the business posted $2.78 earnings per share. The business's revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts forecast that American Tower will post 10.80 EPS for the current fiscal year.

American Tower announced that its Board of Directors has authorized a share buyback plan on Tuesday, October 27th that allows the company to repurchase $2 billion in shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

American Tower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Wednesday, September 30th were paid a $1.79 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.8%. American Tower's dividend payout ratio (DPR) is 100.99%.

Insider Transactions at American Tower

In related news, EVP Ruth Dowling sold 952 shares of the company's stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $185.81, for a total transaction of $176,891.12. Following the transaction, the executive vice president owned 26,133 shares in the company, valued at $4,855,772.73. This represents a 3.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur acquired 2,829 shares of the firm's stock in a transaction on Friday, August 21st. The shares were bought at an average cost of $177.00 per share, for a total transaction of $500,733.00. Following the acquisition, the director owned 7,765 shares in the company, valued at approximately $1,374,405. The trade was a 57.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.08% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of American Tower in the second quarter valued at about $7,490,943,000. Deutsche Bank AG acquired a new position in shares of American Tower in the second quarter valued at about $1,096,186,000. Bank of America Corp DE bought a new position in American Tower during the second quarter worth about $638,829,000. Bank of New York Mellon Corp bought a new position in American Tower during the second quarter worth about $500,016,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in American Tower in the 2nd quarter worth about $291,867,000. Institutional investors own 92.69% of the company's stock.

About American Tower

American Tower Corporation NYSE: AMT is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications.

The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations.

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