Truist Financial Issues Positive Forecast for American Tower (NYSE:AMT) Stock Price

American Tower (NYSE:AMT) had its price target lifted by Truist Financial from $207.00 to $210.00 in a research report released on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the real estate investment trust’s stock.

Several other brokerages have also issued reports on AMT. Wolfe Research raised shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price target on the stock in a report on Wednesday, July 8th. Jefferies Financial Group lowered their target price on shares of American Tower from $210.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. BMO Capital Markets increased their price target on shares of American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. Finally, Scotiabank reaffirmed an “outperform” rating on shares of American Tower in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $216.44.

American Tower Stock Performance

AMT opened at $187.83 on Friday. The stock has a market cap of $87.52 billion, a PE ratio of 26.49, a P/E/G ratio of 3.36 and a beta of 0.88. The company has a current ratio of 0.51, a quick ratio of 0.52 and a debt-to-equity ratio of 3.30. American Tower has a 1 year low of $160.06 and a 1 year high of $202.50. The stock’s 50 day simple moving average is $175.85 and its 200-day simple moving average is $177.35.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, October 27th. The real estate investment trust reported $1.64 EPS for the quarter, meeting analysts’ consensus estimates of $1.64. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. American Tower had a return on equity of 32.71% and a net margin of 30.10%. American Tower’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.78 earnings per share. Sell-side analysts forecast that American Tower will post 10.80 EPS for the current year.

American Tower Dividend Announcement

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

American Tower declared that its board has approved a share repurchase program on Tuesday, October 27th that allows the company to buy back $2 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Share repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at American Tower

In related news, EVP Ruth T. Dowling sold 952 shares of the company’s stock in a transaction dated Thursday, October 29th. The shares were 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 $4,855,772.73. This represents a 3.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur acquired 2,829 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were bought at an average cost of $177.00 per share, for a total transaction of $500,733.00. Following the acquisition, the director owned 7,765 shares in the company, valued at approximately $1,374,405. The trade was a 57.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.08% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American Tower

Large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of American Tower in the 2nd quarter valued at about $7,490,943,000. State Street Corp boosted its stake in American Tower by 2.9% during the 2nd 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 during the last quarter. Lazard Asset Management LLC boosted its stake in American Tower by 20.4% during the 1st 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 during the last quarter. Deutsche Bank AG bought a new position in American Tower during the 2nd quarter worth approximately $1,096,186,000. Finally, Legal & General Group Plc grew its holdings in 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 purchasing an additional 27,929 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Key American Tower News

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

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.