American Tower’s (AMT) “Market Outperform” Rating Reiterated at Citizens Jmp

Citizens Jmp reiterated their market outperform rating on shares of American Tower (NYSE:AMT) in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a $260.00 target price on the real estate investment trust’s stock.

Other analysts have also issued reports about the stock. Morgan Stanley lowered their target price on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Sanford C. Bernstein upped their price objective on shares of American Tower from $205.00 to $207.00 and gave the stock a “market perform” rating in a research note on Tuesday. New Street Research raised shares of American Tower from a “neutral” rating to a “buy” rating and set a $203.00 price objective for the company in a research note on Monday, January 5th. Barclays lowered their price objective on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Finally, Royal Bank Of Canada lowered their price objective on shares of American Tower from $220.00 to $195.00 and set a “sector perform” rating for the company in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.05.

American Tower Stock Down 0.5%

Shares of AMT opened at $181.72 on Wednesday. The firm has a market capitalization of $84.69 billion, a P/E ratio of 29.36, a P/E/G ratio of 0.77 and a beta of 0.90. American Tower has a 12-month low of $165.08 and a 12-month high of $234.33. The company has a current ratio of 0.43, a quick ratio of 0.60 and a debt-to-equity ratio of 3.07. The firm has a fifty day moving average price of $180.04 and a 200-day moving average price of $180.05.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Equities research analysts expect that American Tower will post 10.62 earnings per share for the current year.

American Tower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th were given a dividend of $1.79 per share. The ex-dividend date of this dividend was Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a dividend yield of 3.9%. American Tower’s payout ratio is currently 115.67%.

Insider Buying and Selling at American Tower

In other American Tower news, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction dated 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 completion of the sale, the chief operating officer directly owned 29,592 shares of the company’s stock, valued at approximately $5,653,551.60. This represents a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ruth T. Dowling sold 416 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total transaction of $73,856.64. Following the sale, the executive vice president directly owned 29,461 shares of the company’s stock, valued at approximately $5,230,505.94. The trade was a 1.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 42,181 shares of company stock valued at $8,046,071. 0.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Tower

Several hedge funds have recently modified their holdings of AMT. Brighton Jones LLC increased its holdings in American Tower by 113.0% in the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after buying an additional 2,104 shares during the period. Sivia Capital Partners LLC boosted its position in American Tower by 34.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock worth $319,000 after purchasing an additional 368 shares in the last quarter. United Bank boosted its position in American Tower by 12.7% in the 2nd quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock worth $1,434,000 after purchasing an additional 733 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in American Tower by 2.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 218,511 shares of the real estate investment trust’s stock worth $48,295,000 after purchasing an additional 4,778 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in American Tower by 52.2% in the 2nd quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust’s stock worth $7,570,000 after purchasing an additional 11,751 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Key American Tower News

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

• Positive Sentiment: Q1 beat and upgraded outlook — AMT reported AFFO and revenue above estimates and raised FY‑2026 guidance, giving the stock fundamental support from recurring cash flow strength. Read More.
• Positive Sentiment: CoreSite/AI tailwinds — CoreSite launched 100Gbps connectivity across its Open Cloud Exchange to target AI/ML and high‑bandwidth workloads, supporting data‑center growth that can diversify AMT’s revenue mix. Read More.
• Positive Sentiment: Dividend lift — the company raised the quarterly dividend (to $1.79) paid late April, reinforcing the REIT income profile that appeals to yield‑oriented holders. Read More.
• Positive Sentiment: Analyst support — several firms raised price targets or reiterated buy/overweight stances (e.g., Truist raised its target), which underpins medium‑term upside expectations. Read More.
• Neutral Sentiment: JPMorgan recalibration — JPM trimmed its target from $245 to $240 but kept an overweight rating; this is a modest adjustment rather than a downgrade and leaves meaningful upside. Read More.
• Neutral Sentiment: RBC reaffirmed sector‑perform ($195) — mixed analyst views persist across brokers, creating intra‑day volatility as investors weigh growth vs. valuation. Read More.
• Neutral Sentiment: Insider selling under 10b5‑1 — EVP Ruth T. Dowling sold small lots (pre‑arranged plan); routine plan sales can seed supply but do not necessarily signal deteriorating fundamentals. Read More.
• Negative Sentiment: Critical commentary on valuation/catalysts — some analysts and commentators argue AMT lacks near‑term re‑rating catalysts and flag margin/valuation risks, which can prompt short‑term profit‑taking. Read More.

American Tower Company Profile

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.