American Tower (NYSE:AMT) Price Target Raised to $210.00 at Jefferies Financial Group
by Teresa Graham · The Cerbat GemAmerican Tower (NYSE:AMT – Free Report) had its price target increased by Jefferies Financial Group from $209.00 to $210.00 in a research note released on Tuesday,MarketScreener reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.
AMT has been the subject of a number of other reports. The Goldman Sachs Group lowered their target price on American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, January 16th. TD Cowen dropped their price objective on shares of American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. Morgan Stanley cut their price objective on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. BMO Capital Markets boosted their price objective on shares of American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a research report on Wednesday, February 25th. Finally, Raymond James Financial cut their price objective on shares of American Tower from $231.00 to $229.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, American Tower presently has an average rating of “Moderate Buy” and an average price target of $217.57.
Check Out Our Latest Stock Analysis on AMT
American Tower Trading Up 0.2%
Shares of AMT stock traded up $0.42 on Tuesday, reaching $176.83. The company had a trading volume of 122,862 shares, compared to its average volume of 3,217,994. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27. The stock has a market cap of $82.42 billion, a PE ratio of 32.89, a PEG ratio of 0.76 and a beta of 0.92. The company has a 50-day moving average of $180.97 and a 200-day moving average of $180.81. American Tower has a 12 month low of $165.08 and a 12 month high of $234.33.
American Tower (NYSE:AMT – Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.79). The company had revenue of $2.74 billion during 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 business’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $2.62 earnings per share. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, equities analysts forecast that American Tower will post 10.14 earnings per share for the current year.
American Tower Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a $7.16 annualized dividend and a dividend yield of 4.0%. This is an increase from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio (DPR) is 126.16%.
Insider Buying and Selling at American Tower
In related news, COO Eugene M. Noel sold 41,209 shares of the firm’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 directly owned 29,592 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rajesh Kalathur bought 2,671 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average cost of $185.30 per share, with a total value of $494,936.30. Following the completion of the purchase, 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 SEC filing for this purchase provides additional information. 0.18% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On American Tower
A number of institutional investors and hedge funds have recently modified their holdings of the company. SOA Wealth Advisors LLC. boosted its position in American Tower by 36.7% during the third quarter. SOA Wealth Advisors LLC. now owns 205 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 55 shares during the period. Riverwater Partners LLC boosted its position in American Tower by 3.8% during the fourth quarter. Riverwater Partners LLC now owns 1,536 shares of the real estate investment trust’s stock worth $270,000 after purchasing an additional 56 shares during the period. Triumph Capital Management boosted its position in American Tower by 37.3% during the fourth quarter. Triumph Capital Management now owns 206 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 56 shares during the period. Personal CFO Solutions LLC boosted its position in American Tower by 3.5% during the fourth quarter. Personal CFO Solutions LLC now owns 1,667 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 57 shares during the period. Finally, Pines Wealth Management LLC boosted its position in American Tower by 4.1% during the third quarter. Pines Wealth Management LLC now owns 1,488 shares of the real estate investment trust’s stock worth $286,000 after purchasing an additional 58 shares during the period. 92.69% of the stock is owned by institutional investors.
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.