American Tower (NYSE:AMT) Upgraded to Strong-Buy at Truist Financial

Truist Financial upgraded shares of American Tower (NYSE:AMT) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

A number of other research firms also recently weighed in on AMT. JPMorgan Chase & Co. dropped their price target on American Tower from $250.00 to $245.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Jefferies Financial Group upped their target price on American Tower from $200.00 to $209.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Sanford C. Bernstein began coverage on American Tower in a report on Thursday, March 5th. They issued a “market perform” rating and a $205.00 target price on the stock. The Goldman Sachs Group reduced their price target on shares of American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, January 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 on the stock in a report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $216.76.

American Tower Stock Up 1.3%

American Tower stock opened at $172.53 on Monday. The company has a market capitalization of $80.41 billion, a PE ratio of 32.01, a PEG ratio of 0.72 and a beta of 0.92. American Tower has a 12-month low of $165.08 and a 12-month high of $234.33. The firm’s fifty day moving average is $181.32 and its 200 day moving average is $182.06. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27.

American Tower (NYSE:AMT) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.79). American Tower had a return on equity of 24.36% and a net margin of 23.76%.The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the previous year, the business posted $2.62 earnings per share. The company’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. As a group, sell-side analysts predict that American Tower will post 10.14 EPS for the current fiscal year.

American Tower Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be paid a dividend of $1.79 per share. This is a boost from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date is Tuesday, April 14th. This represents a $7.16 annualized dividend and a yield of 4.1%. American Tower’s dividend payout ratio (DPR) is 126.16%.

Insiders Place Their Bets

In related news, COO Eugene M. Noel sold 41,209 shares of the firm’s 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 transaction, the chief operating officer directly owned 29,592 shares of the company’s stock, valued at $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Rajesh Kalathur purchased 2,671 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the acquisition, the director owned 4,936 shares of the company’s stock, valued at $914,640.80. The trade was a 117.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.18% of the stock is owned by insiders.

Hedge Funds Weigh In On American Tower

Several institutional investors have recently modified their holdings of the business. Abound Wealth Management grew its stake in American Tower by 137.3% in the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 81 shares during the period. Oakworth Capital Inc. raised its stake in shares of American Tower by 90.7% during the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 68 shares during the period. Richards Merrill & Peterson Inc. purchased a new position in shares of American Tower in the 4th quarter worth about $25,000. Swiss RE Ltd. bought a new position in American Tower during the fourth quarter valued at about $25,000. Finally, Triumph Capital Management purchased a new stake in American Tower during the third quarter worth about $29,000. 92.69% of the stock is owned by institutional investors.

More American Tower News

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

• Positive Sentiment: Truist initiated coverage with a Buy and a $205 price target, arguing that tower assets have durable long-term upside; the initiation gives the stock fresh analyst support and a notable upside target relative to current levels. Truist Financial Initiates AMT
• Positive Sentiment: Company outlined a 2026 strategic pivot at the Media, Internet & Telecom Conference emphasizing targeted expansion in Europe plus a multi‑year cost-savings plan intended to boost margins and enforce more disciplined operations — a direct operational lever investors can model into future margin and free‑cash‑flow improvement. American Tower Refocuses On Europe
• Neutral Sentiment: Company scheduled its Q1 2026 results and conference call for April 28 — the timing concentrates near-term event risk and gives investors a date to re‑assess revenue, margins and guidance execution against the new cost plan. AMT Q1 2026 Release Scheduled
• Negative Sentiment: Management flagged continued challenges in Latin America and confirmed Dish Network is not part of the current growth framework — these constrain near-term growth optionality and help explain cautious near-term sentiment despite longer-term positives. LATAM Headwinds Noted
• Neutral Sentiment: Market write-ups and roundup pieces noted the stock rose modestly on the session, reflecting mixed investor read-throughs from the conference and the Truist initiation rather than any single transformative catalyst. AMT Market Recap

About American Tower

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.