American Tower (NYSE:AMT) Releases FY 2026 Earnings Guidance

American Tower (NYSE:AMT) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 10.900-11.07 for the period, compared to the consensus estimate of 10.590. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMT. Mizuho upgraded shares of American Tower from a “neutral” rating to an “outperform” rating and upped their target price for the company from $189.00 to $205.00 in a research note on Wednesday, April 15th. Royal Bank Of Canada decreased their target price 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. UBS Group decreased their target price on shares of American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. TD Cowen reduced their price objective on shares of American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. Finally, The Goldman Sachs Group reduced their price objective on shares of American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, American Tower currently has a consensus rating of “Moderate Buy” and an average price target of $218.14.

American Tower Stock Up 0.1%

NYSE AMT traded up $0.19 during trading hours on Wednesday, reaching $178.59. 573,013 shares of the company traded hands, compared to its average volume of 3,201,362. 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 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27. The stock has a market capitalization of $83.24 billion, a PE ratio of 33.15, a PEG ratio of 0.74 and a beta of 0.92. The company has a 50 day moving average of $180.25 and a two-hundred day moving average 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 for the quarter, topping analysts’ consensus estimates of $1.59 by $1.25. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.65 billion. American Tower had a net margin of 23.76% and a return on equity of 24.36%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, equities analysts expect that American Tower will post 10.59 earnings per share for the current year.

American Tower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.0%. This is a positive change from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date of this dividend was Tuesday, April 14th. American Tower’s dividend payout ratio is currently 132.84%.

Insiders Place Their Bets

In other American Tower news, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rajesh Kalathur bought 2,671 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were acquired at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the acquisition, the director directly owned 4,936 shares of the company’s stock, valued at $914,640.80. This trade represents a 117.92% increase in their position. The SEC filing for this purchase provides additional information. 0.08% of the stock is currently owned by corporate insiders.

American Tower News Summary

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

• Positive Sentiment: Q1 results beat and company outlook raised — AMT reported FFO of $2.84/share and revenue above estimates, and it raised full?year EPS guidance to $10.90–$11.07 (above consensus), supporting the growth thesis tied to mobile data, cloud adoption and AI workloads. American Tower Corporation Reports First Quarter 2026 Financial Results
• Positive Sentiment: FFO and property revenue beat consensus — multiple outlets note FFO topped estimates (~13.6% above expectations), which drove management to lift 2026 outlook midpoints. That strengthens cash?flow visibility for this REIT. AMT Q1 FFO Beats Estimates on Higher Property Revenues
• Positive Sentiment: Data?center traction / CoreSite expansion — CoreSite (an AMT company) launched 100Gbps EVCs, signaling product upgrades and ARPU/lease?up potential in interconnection and cloud connectivity services. This is a structural growth tailwind. CoreSite Launches 100G Ethernet Virtual Circuits on Open Cloud Exchange® Interconnection Platform
• Neutral Sentiment: Bernstein raised its price target to $207 but kept a Market Perform rating — modestly higher PT signals some upside from current levels, but the unchanged rating suggests limited conviction. Bernstein Adjusts Price Target on American Tower to $207 From $205; Maintains Market Perform Rating
• Neutral Sentiment: Mixed broker views — Barclays recently trimmed its recommendation/target (~$195) and other firms offer differing takes; the street is split between the structural growth story and near?term margin/regional pressures. Barclays, Mizuho Offer Mixed Views on American Tower (AMT)
• Negative Sentiment: Sentiment/downgrade commentary weighing on the name — at least one commentary piece argues there’s “nothing to wake the stock up,” highlighting limited catalysts beyond steady infrastructure demand and suggesting investor patience may be required. Such narrative pressure can cap short?term gains. American Tower: There’s Nothing To Wake The Stock Up (Rating Downgrade)

Institutional Trading of American Tower

A number of large investors have recently modified their holdings of AMT. Lazard Asset Management LLC increased its holdings in shares of American Tower by 1,984.8% in the 3rd quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock worth $858,552,000 after acquiring an additional 4,250,242 shares during the period. Viking Global Investors LP increased its holdings in shares of American Tower by 233.5% in the 2nd quarter. Viking Global Investors LP now owns 2,797,125 shares of the real estate investment trust’s stock worth $618,221,000 after acquiring an additional 1,958,329 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of American Tower by 107.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,506,569 shares of the real estate investment trust’s stock worth $440,078,000 after acquiring an additional 1,300,219 shares during the period. AQR Capital Management LLC increased its holdings in shares of American Tower by 309.4% in the 4th quarter. AQR Capital Management LLC now owns 1,458,493 shares of the real estate investment trust’s stock worth $256,068,000 after acquiring an additional 1,102,275 shares during the period. Finally, Amundi increased its holdings in shares of American Tower by 49.5% in the 4th quarter. Amundi now owns 3,166,557 shares of the real estate investment trust’s stock worth $555,956,000 after acquiring an additional 1,048,707 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

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.