American Tower (NYSE:AMT) Stock Gets Price Target Trim from JPMorgan Chase & Co.

American Tower (NYSE:AMT) had its price target reduced by JPMorgan Chase & Co. from $240.00 to $230.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

AMT has been the subject of several other research reports. Royal Bank Of Canada restated an “outperform” rating and set a $205.00 target price on shares of American Tower in a research note on Wednesday. Sanford C. Bernstein decreased their price objective on American Tower from $214.00 to $212.00 and set an “outperform” rating on the stock in a report on Tuesday, October 20th. Truist Financial reaffirmed a “buy” rating and issued a $207.00 target price (down from $208.00) on shares of American Tower in a report on Wednesday, August 12th. Jefferies Financial Group dropped their price target on American Tower from $210.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of American Tower in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $216.44.

American Tower Stock Up 1.0%

AMT stock opened at $187.83 on Wednesday. The company’s 50 day simple moving average is $175.85 and its 200-day simple moving average is $177.35. The company has a debt-to-equity ratio of 3.30, a current ratio of 0.51 and a quick ratio of 0.52. American Tower has a 52-week low of $160.06 and a 52-week high of $202.50. The firm has a market capitalization of $87.52 billion, a P/E ratio of 26.49, a P/E/G ratio of 3.36 and a beta of 0.88.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, October 27th. The real estate investment trust reported $1.64 earnings per share for the quarter, meeting the consensus estimate of $1.64. American Tower had a return on equity of 32.71% and a net margin of 30.10%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the business posted $2.78 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities research analysts anticipate that American Tower 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 allows the company to repurchase $2 billion in shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Share repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

American Tower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Wednesday, September 30th were paid a dividend of $1.79 per share. The ex-dividend date was Wednesday, September 30th. This represents a $7.16 annualized dividend and a dividend yield of 3.8%. American Tower’s payout ratio is currently 100.99%.

Insider Activity

In other news, EVP Ruth Dowling sold 952 shares of the stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $185.81, for a total transaction of $176,891.12. Following the transaction, the executive vice president owned 26,133 shares in the company, valued at approximately $4,855,772.73. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur purchased 2,829 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average price of $177.00 per share, with a total value of $500,733.00. Following the completion of the purchase, the director owned 7,765 shares of the company’s stock, valued at $1,374,405. This trade represents a 57.31% increase in their position. The SEC filing for this purchase provides additional information. 0.08% of the stock is owned by corporate insiders.

Institutional Trading of American Tower

A number of hedge funds have recently added to or reduced their stakes in AMT. Richardson Financial Services Inc. raised its stake in American Tower by 270.5% during the 3rd quarter. Richardson Financial Services Inc. now owns 352 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 257 shares during the period. Ascent Group LLC lifted its holdings in American Tower by 3.1% during the third quarter. Ascent Group LLC now owns 9,529 shares of the real estate investment trust’s stock worth $1,560,000 after acquiring an additional 285 shares during the period. 3Chopt Investment Partners LLC bought a new position in American Tower during the third quarter valued at about $267,000. Rakuten Investment Management Inc. increased its position in American Tower by 9.7% in the third quarter. Rakuten Investment Management Inc. now owns 83,630 shares of the real estate investment trust’s stock worth $13,995,000 after buying an additional 7,417 shares during the last quarter. Finally, AIA Group Ltd lifted its position in shares of American Tower by 2.5% during the third quarter. AIA Group Ltd now owns 54,109 shares of the real estate investment trust’s stock worth $8,857,000 after acquiring an additional 1,305 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Trending Headlines about American Tower

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

American Tower Company Profile

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.