Jefferies Financial Group Issues Pessimistic Forecast for American Tower (NYSE:AMT) Stock Price

American Tower (NYSE:AMT) had its price objective reduced by Jefferies Financial Group from $226.00 to $202.00 in a research note issued on Tuesday,MarketScreener reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 12.42% from the company’s current price.

Several other analysts have also issued reports on AMT. Raymond James Financial reiterated a “strong-buy” rating and set a $231.00 price target (down previously from $250.00) on shares of American Tower in a research report on Wednesday, October 29th. HSBC reduced their target price on American Tower from $235.00 to $205.00 in a report on Wednesday, October 29th. BMO Capital Markets lowered their price target on American Tower from $215.00 to $210.00 and set an “outperform” rating for the company in a report on Wednesday, December 3rd. Royal Bank Of Canada set a $220.00 price objective on American Tower and gave the stock a “sector perform” rating in a research report on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Tower in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, American Tower has an average rating of “Moderate Buy” and an average target price of $226.67.

American Tower Stock Performance

NYSE:AMT opened at $179.69 on Tuesday. The company has a market cap of $84.12 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 0.72 and a beta of 0.91. American Tower has a fifty-two week low of $172.51 and a fifty-two week high of $234.33. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a fifty day moving average price of $182.57 and a 200-day moving average price of $199.85.

American Tower (NYSE:AMT) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.14. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.65 billion. American Tower had a return on equity of 28.79% and a net margin of 28.11%.American Tower’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.52 earnings per share. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. As a group, equities analysts anticipate that American Tower will post 10.14 EPS for the current fiscal year.

Insider Activity at American Tower

In other American Tower news, Director Eugene F. Reilly purchased 5,554 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was purchased at an average cost of $178.99 per share, for a total transaction of $994,110.46. Following the transaction, the director owned 5,689 shares in the company, valued at $1,018,274.11. The trade was a 4,114.07% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the transaction, the insider directly owned 211,379 shares of the company’s stock, valued at $14,743,685.25. The trade was a 91.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.18% of the company’s stock.

Institutional Trading of American Tower

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC raised its position in shares of American Tower by 113.0% during the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after acquiring an additional 2,104 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of American Tower by 4.0% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 42,172 shares of the real estate investment trust’s stock worth $9,177,000 after purchasing an additional 1,625 shares during the period. Colonial Trust Advisors lifted its position in shares of American Tower by 1,296.3% in the 1st quarter. Colonial Trust Advisors now owns 377 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 350 shares during the period. Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of American Tower in the 1st quarter valued at $204,000. Finally, Legacy Financial Advisors Inc. increased its position in shares of American Tower by 16.4% during the first quarter. Legacy Financial Advisors Inc. now owns 1,384 shares of the real estate investment trust’s stock worth $301,000 after buying an additional 195 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Company Profile

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.