Key Points
- COO Eugene Noel sold 41,209 American Tower shares on March 2 at an average of $191.05 for a total of $7,872,979.45, cutting his direct stake by 58.2% to 29,592 shares valued at about $5.65 million.
- The company reported quarterly EPS of $1.75, missing the $2.54 consensus while revenue rose to $2.74 billion (up 7.5% YoY), and it set FY2026 guidance of 10.78–10.95 EPS versus the sell‑side average near 10.14.
- Several brokers reduced price targets but remain broadly positive — the stock carries a consensus rating of Moderate Buy with a $218 consensus price target after recent downgrades.
American Tower Corporation (NYSE:AMT - Get Free Report) COO Eugene Noel sold 41,209 shares of American Tower stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the transaction, the chief operating officer directly owned 29,592 shares in the company, valued at $5,653,551.60. This represents a 58.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
American Tower Stock Up 0.3%
AMT opened at $190.73 on Thursday. The stock has a market cap of $89.29 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 0.80 and a beta of 0.92. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.60 and a current ratio of 0.60. The firm's fifty day moving average is $180.10 and its 200 day moving average is $185.23. American Tower Corporation has a fifty-two week low of $166.88 and a fifty-two week high of $234.33.
American Tower (NYSE:AMT - Get Free Report) last released its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.54 by ($0.79). American Tower had a return on equity of 24.36% and a net margin of 23.76%.The business had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.69 billion. During the same quarter in the prior year, the business posted $2.62 EPS. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, sell-side analysts forecast that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several analysts have commented on AMT shares. The Goldman Sachs Group decreased their price target on shares of American Tower from $230.00 to $210.00 and set a "buy" rating on the stock in a research note on Friday, January 16th. UBS Group dropped their price target on American Tower from $254.00 to $248.00 and set a "buy" rating for the company in a research note on Wednesday, February 25th. Raymond James Financial reduced their price objective on American Tower from $231.00 to $229.00 and set a "strong-buy" rating on the stock in a research note on Friday, January 23rd. New Street Research upgraded American Tower from a "neutral" rating to a "buy" rating and set a $203.00 target price for the company in a research report on Monday, January 5th. Finally, Royal Bank Of Canada cut their target price on shares of American Tower from $220.00 to $195.00 and set a "sector perform" rating for the company in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $218.00.
Check Out Our Latest Analysis on AMT
Hedge Funds Weigh In On American Tower
Several hedge funds have recently added to or reduced their stakes in the company. Marion Wealth Management boosted its position in shares of American Tower by 0.8% during the second quarter. Marion Wealth Management now owns 5,924 shares of the real estate investment trust's stock valued at $1,309,000 after buying an additional 48 shares during the period. YANKCOM Partnership boosted its holdings in American Tower by 2.9% during the 2nd quarter. YANKCOM Partnership now owns 1,729 shares of the real estate investment trust's stock valued at $382,000 after acquiring an additional 49 shares during the period. GPS Wealth Strategies Group LLC grew its position in American Tower by 2.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,566 shares of the real estate investment trust's stock valued at $567,000 after acquiring an additional 51 shares during the last quarter. Manchester Capital Management LLC increased its stake in American Tower by 3.1% in the second quarter. Manchester Capital Management LLC now owns 1,808 shares of the real estate investment trust's stock worth $400,000 after purchasing an additional 54 shares during the period. Finally, Johnson Financial Group Inc. lifted its position in shares of American Tower by 7.1% during the second quarter. Johnson Financial Group Inc. now owns 833 shares of the real estate investment trust's stock worth $186,000 after purchasing an additional 55 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.
About American Tower
(
Get Free Report)
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.
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