Citigroup Issues Pessimistic Forecast for American Tower (NYSE:AMT) Stock Price

American Tower (NYSE:AMT) had its price objective decreased by research analysts at Citigroup from $225.00 to $220.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Citigroup‘s price target points to a potential upside of 19.92% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Wolfe Research upgraded American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price objective on the stock in a report on Wednesday, July 8th. BMO Capital Markets lifted their price target on shares of American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. Jefferies Financial Group dropped their price target on American Tower from $210.00 to $201.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. TD Cowen raised their price target on shares of American Tower from $225.00 to $227.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Sanford C. Bernstein dropped their price objective on shares of American Tower from $214.00 to $212.00 and set an “outperform” rating on the stock in a report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $214.67.

American Tower Stock Down 0.2%

Shares of NYSE AMT traded down $0.37 during mid-day trading on Wednesday, reaching $183.46. The company had a trading volume of 3,898,128 shares, compared to its average volume of 3,113,093. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52. American Tower has a twelve month low of $160.06 and a twelve month high of $202.50. The stock’s 50 day moving average is $175.17 and its 200-day moving average is $177.12. The stock has a market capitalization of $85.48 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 3.03 and a beta of 0.88.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $1.64 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.64. American Tower had a return on equity of 32.76% and a net margin of 31.08%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter last year, the firm earned $2.78 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts anticipate that American Tower will post 10.80 earnings per share for the current fiscal year.

American Tower announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, October 27th that allows the company to buy back $2 billion in shares. This buyback authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other American Tower news, Director Rajesh Kalathur purchased 2,829 shares of the business’s stock in a transaction on Friday, August 21st. The stock was purchased at an average price of $177.00 per share, for a total transaction of $500,733.00. Following the completion of the purchase, the director directly owned 7,765 shares in the company, valued at approximately $1,374,405. This trade represents a 57.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Tower

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of American Tower during the 2nd quarter worth approximately $7,490,943,000. State Street Corp raised its stake in American Tower by 2.9% during the second quarter. State Street Corp now owns 22,066,202 shares of the real estate investment trust’s stock worth $3,647,491,000 after acquiring an additional 631,593 shares in the last quarter. Lazard Asset Management LLC raised its stake in American Tower by 20.4% during the first quarter. Lazard Asset Management LLC now owns 7,325,943 shares of the real estate investment trust’s stock worth $1,264,311,000 after acquiring an additional 1,240,780 shares in the last quarter. Deutsche Bank AG bought a new position in shares of American Tower during the second quarter valued at $1,096,186,000. Finally, Legal & General Group Plc lifted its holdings in shares of American Tower by 0.6% during the second quarter. Legal & General Group Plc now owns 4,853,850 shares of the real estate investment trust’s stock valued at $793,944,000 after acquiring an additional 27,929 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting American Tower

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

• Positive Sentiment: 2026 guidance was raised for the third time. Management increased its full-year property revenue and adjusted funds from operations outlook, reinforcing the view that operating momentum remains intact. American Tower Raises Its 2026 Outlook For Third Time
• Positive Sentiment: Data-center growth was a key bright spot. CoreSite revenue increased 16.3%, supported by strong AI and cloud leasing activity, while American Tower raised its 2026 data-center revenue growth outlook to 16%. The company is also targeting 200–300 basis points of tower-margin expansion by 2030. American Tower raises 2026 data center revenue growth outlook
• Positive Sentiment: Cash-flow profitability exceeded expectations. Third-quarter FFO was $2.87 per share, above the $2.84 consensus and up from $2.78 a year earlier. The board also authorized a $2 billion share-repurchase program, which could support per-share results and signal that management views the stock as undervalued. American Tower Surpasses Q3 FFO and Revenue Estimates
• Neutral Sentiment: Reported EPS of $1.64 matched estimates, while revenue of $2.79 billion exceeded the $2.76 billion consensus and rose 2.5% year over year. The results were positive, but the relatively modest top-line growth may have limited enthusiasm. AMT Q3 AFFO and Revenues Rise
• Negative Sentiment: The stock declined after the report and underperformed some real-estate peers, indicating that investors may have expected an even stronger guidance increase or more acceleration in the core tower business. American Tower Stock Price Dips as Q3 Results Lift Guidance

About American Tower

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.