American Tower (NYSE:AMT) Issues Quarterly Earnings Results

American Tower (NYSE:AMT) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $2.71 EPS for the quarter, topping the consensus estimate of $1.57 by $1.14, Briefing.com reports. American Tower had a net margin of 26.81% and a return on equity of 27.79%. During the same quarter in the previous year, the firm posted $2.60 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. American Tower updated its FY 2026 guidance to 11.000-11.170 EPS.

American Tower Stock Up 7.0%

AMT stock opened at $178.44 on Tuesday. The company has a market cap of $83.13 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 0.70 and a beta of 0.91. The company has a fifty day moving average price of $176.56 and a 200 day moving average price of $178.30. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. American Tower has a 12 month low of $160.06 and a 12 month high of $219.00.

American Tower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Friday, June 12th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, June 12th. American Tower’s payout ratio is presently 115.67%.

Insider Transactions at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total value of $73,856.64. Following the transaction, the executive vice president directly owned 29,461 shares in the company, valued at approximately $5,230,505.94. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On American Tower

A number of hedge funds and other institutional investors have recently made changes to their positions in AMT. Brighton Jones LLC lifted its position in American Tower by 113.0% during the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after acquiring an additional 2,104 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of American Tower by 34.3% in the second quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 368 shares during the period. Weiss Asset Management LP acquired a new stake in shares of American Tower during the fourth quarter worth $323,000. Kovack Advisors Inc. grew its position in American Tower by 20.3% in the 4th quarter. Kovack Advisors Inc. now owns 1,756 shares of the real estate investment trust’s stock valued at $308,000 after buying an additional 296 shares during the last quarter. Finally, OpenArc Corporate Advisory LLC purchased a new position in American Tower in the 4th quarter valued at $305,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on AMT shares. Barclays cut their price target on American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Scotiabank increased their price objective on American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Raymond James Financial reissued a “strong-buy” rating and set a $240.00 target price on shares of American Tower in a research report on Wednesday, April 29th. Mizuho upgraded American Tower from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $189.00 to $205.00 in a research note on Wednesday, April 15th. Finally, Sanford C. Bernstein raised American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price target for the company in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $215.57.

More American Tower News

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

• Positive Sentiment: American Tower reported second-quarter revenue of $2.75 billion, up 4.7% year over year, while net income attributable to common stockholders rose 136.5% to $868 million, or $1.86 per diluted share. Adjusted EBITDA increased 3.2% to $1.81 billion and AFFO rose 3.8% to $1.26 billion. Reuters article
• Positive Sentiment: The company raised the midpoints of its 2026 guidance for property revenue, adjusted EBITDA, AFFO and AFFO per share. Its updated full-year EPS outlook of $11.00 to $11.17 is above the $10.66 analyst consensus, supporting expectations for stronger profitability. Seeking Alpha article
• Positive Sentiment: Management cited robust global tower leasing demand, record leasing activity at CoreSite and continued operational execution. The company also declared a $1.79-per-share quarterly distribution and ended the quarter with approximately $9.9 billion in liquidity, factors that may reinforce the stock’s income and financial-strength appeal. American Tower second-quarter results
• Neutral Sentiment: Investor attention is also focused on the Federal Reserve’s upcoming decision. Potential changes in interest-rate expectations could influence REIT valuations and borrowing costs, partially offsetting the benefit of American Tower’s strong operating results. Kalkine Media article

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.