American Tower Corporation (NYSE:AMT) Receives $215.29 Consensus Price Target from Brokerages

Shares of American Tower Corporation (NYSE:AMT) have received a consensus recommendation of “Moderate Buy” from the twenty brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $215.2857.

AMT has been the subject of several analyst reports. Truist Financial restated a “buy” rating and set a $207.00 target price (down from $208.00) on shares of American Tower in a report on Wednesday, August 12th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $214.00 price target on shares of American Tower in a research note on Wednesday, July 29th. Weiss Ratings upgraded American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. TD Cowen increased their price objective on American Tower from $225.00 to $227.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Mizuho set a $208.00 target price on shares of American Tower in a report on Thursday, August 20th.

Insiders Place Their Bets

In other news, CFO Robert Joseph Meyer sold 5,000 shares of American Tower stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the sale, the chief financial officer directly owned 21,428 shares in the company, valued at approximately $3,833,254.92. This trade represents a 18.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rajesh Kalathur purchased 2,829 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average price of $177.00 per share, for a total transaction of $500,733.00. Following the acquisition, the director owned 7,765 shares of the company’s stock, valued at $1,374,405. This represents a 57.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 6,791 shares of company stock valued at $1,204,091 in the last quarter. Insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AMT. California State Teachers Retirement System raised its holdings in American Tower by 17,056.3% in the second quarter. California State Teachers Retirement System now owns 117,012,907 shares of the real estate investment trust’s stock worth $19,139,801,000 after purchasing an additional 116,330,867 shares in the last quarter. BlackRock Inc. bought a new position in shares of American Tower in the 2nd quarter worth about $7,490,943,000. J. Stern & Co. LLP lifted its position in American Tower by 28,121.1% during the 4th quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust’s stock valued at $6,616,703,000 after acquiring an additional 37,553,436 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in American Tower by 20,721.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock valued at $1,705,254,000 after acquiring an additional 9,666,025 shares during the period. Finally, Deutsche Bank AG bought a new stake in American Tower during the second quarter worth about $1,096,186,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower Stock Performance

American Tower stock opened at $178.45 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12. The company has a market capitalization of $83.15 billion, a PE ratio of 24.55, a P/E/G ratio of 2.85 and a beta of 0.89. The firm has a fifty day simple moving average of $171.91 and a two-hundred day simple moving average of $177.08. American Tower has a twelve month low of $160.06 and a twelve month high of $199.13.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $1.14. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Research analysts expect that American Tower will post 10.8 EPS for the current year.

Key American Tower News

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

• Positive Sentiment: Brokerages maintain a consensus “Moderate Buy” recommendation, supporting investor confidence in American Tower’s long-term outlook. American Tower Receives Moderate Buy Recommendation
• Positive Sentiment: Recent value-investing coverage is comparing American Tower favorably with Host Hotels, while another article highlights AMT as a potential high-yield dividend opportunity for investors seeking recurring income. These reports may be attracting income-oriented buyers. HST or AMT: Which Is the Better Value Stock? High-Yielding Monthly Dividend Investments
• Positive Sentiment: At recent investor conferences, management discussed American Tower’s telecommunications infrastructure business and its growth outlook, giving investors additional insight into operations and future demand. American Tower at Citi’s Global TMT Conference
• Neutral Sentiment: American Tower priced $1.6 billion of senior unsecured notes due in 2031, 2033 and 2036, with coupon rates ranging from 5.300% to 5.560%. The offering provides long-term funding but also adds to the company’s already substantial debt burden. American Tower Prices Senior Notes Offering
• Negative Sentiment: American Tower recently underperformed the broader market in a prior session, indicating some continued pressure from valuation, interest-rate sensitivity and leverage concerns. American Tower Dips More Than the Broader Market

About American Tower

American Tower Corporation (NYSE:AMT) is a global owner, operator and developer of wireless communications infrastructure. The company leases space on communications sites, including towers, rooftops and other structures, to wireless carriers, broadcasters, government agencies and other customers. Its infrastructure supports wireless networks and the transmission of voice, data and video services.

In addition to traditional macro towers, American Tower provides distributed antenna systems and other in-building or venue-based communications solutions designed to improve wireless coverage and capacity.