Key Points
- Insider sale: American Tower EVP Ruth Dowling sold 952 shares for approximately $176,891 under a pre-arranged Rule 10b5-1 trading plan, reducing her ownership by 3.51%.
- Mixed but supportive fundamentals: Quarterly EPS matched analysts’ $1.64 estimate, while revenue of $2.79 billion exceeded expectations and rose 2.5% year over year. The company also authorized a $2 billion share-repurchase program and maintains a 3.8% dividend yield.
- Analysts remain generally bullish: American Tower has a “Moderate Buy” consensus rating and a $216.44 average price target, although some firms recently lowered their targets.
American Tower Corporation (NYSE:AMT - Get Free Report) EVP Ruth Dowling sold 626 shares of the company's stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $182.00, for a total value of $113,932.00. Following the sale, the executive vice president directly owned 27,085 shares of the company's stock, valued at $4,929,470. The trade was a 2.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
American Tower Trading Up 1.0%
NYSE:AMT opened at $187.83 on Friday. The company's 50 day moving average is $175.85 and its 200-day moving average is $177.35. The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 3.30. American Tower Corporation has a 12 month low of $160.06 and a 12 month high of $202.50. The firm has a market cap of $87.52 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 3.36 and a beta of 0.88.
American Tower (NYSE:AMT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $1.64 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.64. American Tower had a net margin of 30.10% and a return on equity of 32.71%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the firm earned $2.78 EPS. American Tower's quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts anticipate that American Tower Corporation will post 10.80 EPS for the current year.
American Tower announced that its board has initiated a share buyback plan on Tuesday, October 27th that permits the company to repurchase $2 billion in shares. This buyback authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its stock is undervalued.
American Tower Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Wednesday, September 30th were given a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $7.16 dividend on an annualized basis and a yield of 3.8%. American Tower's payout ratio is currently 100.99%.
More American Tower News
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
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on American Tower from $240.00 to $230.00 and set an "overweight" rating on the stock in a research note on Wednesday. Truist Financial boosted their price objective on American Tower from $207.00 to $210.00 and gave the company a "buy" rating in a research report on Friday. TD Cowen increased their price target on shares of American Tower from $225.00 to $227.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Citigroup decreased their price objective on American Tower from $225.00 to $220.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Sanford C. Bernstein lowered their price objective on American Tower from $214.00 to $212.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $216.44.
Get Our Latest Stock Report on AMT
Hedge Funds Weigh In On American Tower
A number of institutional investors have recently modified their holdings of AMT. Raleigh Capital Management Inc. lifted its holdings in American Tower by 489.1% in the first quarter. Raleigh Capital Management Inc. now owns 13,703 shares of the real estate investment trust's stock valued at $2,365,000 after buying an additional 11,377 shares during the period. Canal Capital Management LLC grew its holdings in American Tower by 81.9% during the 1st quarter. Canal Capital Management LLC now owns 34,471 shares of the real estate investment trust's stock worth $5,949,000 after acquiring an additional 15,520 shares during the period. Bernzott Capital Advisors grew its holdings in American Tower by 29.3% during the 1st quarter. Bernzott Capital Advisors now owns 42,161 shares of the real estate investment trust's stock worth $7,276,000 after acquiring an additional 9,556 shares during the period. BIP Wealth LLC bought a new stake in shares of American Tower during the 2nd quarter valued at $1,004,000. Finally, Groupe la Francaise raised its position in shares of American Tower by 319.0% during the 2nd quarter. Groupe la Francaise now owns 33,505 shares of the real estate investment trust's stock valued at $5,481,000 after acquiring an additional 25,508 shares during the last quarter. 92.69% of the stock is owned by institutional investors.
About American Tower
(
Get Free Report)
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.
Further Reading
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