American Tower Corporation (NYSE:AMT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of American Tower Corporation (NYSE:AMT) have received an average rating of “Moderate Buy” from the twenty research firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $215.1905.

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Scotiabank reissued an “outperform” rating on shares of American Tower in a research note on Wednesday. Barclays reduced 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 report on Thursday, April 16th. The Goldman Sachs Group set a $210.00 target price on shares of American Tower in a research report on Tuesday. Finally, Mizuho upgraded shares of American Tower from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $189.00 to $205.00 in a research report on Wednesday, April 15th.

Institutional Investors Weigh In On American Tower

A number of large investors have recently modified their holdings of AMT. J. Stern & Co. LLP boosted its stake in American Tower by 28,121.1% during the fourth quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust’s stock worth $6,616,703,000 after buying an additional 37,553,436 shares during the last quarter. State Street Corp raised its holdings in shares of American Tower by 0.3% during the 4th quarter. State Street Corp now owns 20,987,534 shares of the real estate investment trust’s stock worth $3,719,634,000 after acquiring an additional 71,605 shares during the period. Geode Capital Management LLC raised its holdings in shares of American Tower by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 13,499,035 shares of the real estate investment trust’s stock worth $2,361,675,000 after acquiring an additional 227,361 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of American Tower by 20.4% in the first quarter. Lazard Asset Management LLC now owns 7,325,943 shares of the real estate investment trust’s stock valued at $1,264,311,000 after purchasing an additional 1,240,780 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower Price Performance

NYSE:AMT opened at $179.89 on Thursday. American Tower has a one year low of $160.06 and a one year high of $217.39. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.43 and a current ratio of 0.52. The firm has a market cap of $83.81 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 0.72 and a beta of 0.91. The firm’s fifty day moving average is $176.26 and its two-hundred day moving average is $178.38.

American Tower (NYSE:AMT) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating the consensus estimate of $1.60 by $1.24. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period in the previous year, the firm earned $2.75 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Research analysts expect that American Tower will post 10.66 EPS for the current year.

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Friday, June 12th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, June 12th. American Tower’s dividend payout ratio (DPR) is 115.67%.

Key Headlines Impacting American Tower

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

• Positive Sentiment: American Tower raised its 2026 guidance again, increasing the midpoints for property revenue, adjusted EBITDA, AFFO and AFFO per share. The company now expects adjusted EPS of approximately $11.00-$11.17, above the $10.66 analyst consensus. Management also expects roughly 15% growth in data-center revenue, supported by strong AI-related demand. American Tower raises 2026 outlook again, targets approximately 15 percent data center revenue growth
• Positive Sentiment: Second-quarter revenue reached $2.749 billion, up about 4.7% year over year and ahead of expectations, while AFFO rose to $2.71 per share from $2.60 a year earlier, in line with estimates. Property revenue increased 6.3%, and net income attributable to common shareholders rose sharply to approximately $868 million. American Tower tops second-quarter estimates, raises annual outlook
• Positive Sentiment: Record leasing at CoreSite, American Tower’s data-center business, and robust global tower leasing are improving the company’s growth profile. The results suggest that AI-related data-center demand may provide an increasingly important earnings driver beyond traditional mobile-network infrastructure. American Tower raises outlook as CoreSite leasing reaches record
• Positive Sentiment: Analysts raised their valuation targets: Scotiabank increased its target to $220 from $218, while BMO lifted its target to $195 from $190. BMO maintained a “market perform” rating, indicating upside potential but a measured view of the shares’ valuation. Scotiabank adjusts price target on American Tower
• Negative Sentiment: Investors still face operational and financing headwinds, including DISH-related tenant churn and higher refinancing costs. Although the outlook was raised, some coverage noted that the initial full-year revenue forecast was below market expectations, which could limit near-term enthusiasm if tower growth or CoreSite leasing slows. American Tower Q2 earnings call highlights

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.