American Tower Co. (NYSE:AMT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of American Tower Co. (NYSE:AMT) have received a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $235.85.

AMT has been the topic of several research analyst reports. Mizuho raised their target price on shares of American Tower from $205.00 to $221.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. boosted their price target on American Tower from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. StockNews.com lowered American Tower from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of American Tower from $212.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, Scotiabank reduced their price target on shares of American Tower from $248.00 to $236.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, October 30th.

Institutional Investors Weigh In On American Tower

Several institutional investors and hedge funds have recently bought and sold shares of AMT. Cultivar Capital Inc. bought a new position in American Tower in the 2nd quarter valued at about $25,000. Fortitude Family Office LLC boosted its stake in shares of American Tower by 269.0% during the 3rd quarter. Fortitude Family Office LLC now owns 107 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 78 shares in the last quarter. Fairscale Capital LLC purchased a new position in American Tower in the 2nd quarter worth about $27,000. Hobbs Group Advisors LLC acquired a new position in American Tower in the 2nd quarter worth approximately $29,000. Finally, Northwest Investment Counselors LLC purchased a new stake in American Tower in the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Stock Performance

Shares of AMT stock opened at $196.08 on Tuesday. The company has a market cap of $91.63 billion, a price-to-earnings ratio of 82.73, a price-to-earnings-growth ratio of 1.34 and a beta of 0.84. American Tower has a 12-month low of $170.46 and a 12-month high of $243.56. The stock has a 50 day simple moving average of $226.12 and a 200-day simple moving average of $210.34. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 3.27.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.56). American Tower had a net margin of 10.05% and a return on equity of 22.01%. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period in the prior year, the firm earned $2.58 EPS. The business’s quarterly revenue was down 10.5% on a year-over-year basis. On average, equities analysts forecast that American Tower will post 10.08 EPS for the current year.

American Tower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Wednesday, October 9th. American Tower’s dividend payout ratio (DPR) is currently 273.42%.

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.