American Tower (NYSE:AMT) Stock Price Target Lowered at JPMorgan Chase & Co.

American Tower (NYSE:AMT) had its price objective dropped by stock analysts at JPMorgan Chase & Co. from $240.00 to $230.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 26.30% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Truist Financial reiterated a “buy” rating and issued a $207.00 target price (down from $208.00) on shares of American Tower in a research report on Wednesday, August 12th. BMO Capital Markets boosted their price target on shares of American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Wednesday, July 29th. Sanford C. Bernstein dropped their price target on shares of American Tower from $214.00 to $212.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 20th. Weiss Ratings upgraded American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Finally, Jefferies Financial Group cut their price objective on American Tower from $210.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $214.40.

American Tower Stock Down 0.9%

Shares of AMT traded down $1.72 during trading hours on Wednesday, reaching $182.11. The company’s stock had a trading volume of 2,246,515 shares, compared to its average volume of 3,109,505. The company has a 50 day moving average of $175.17 and a two-hundred day moving average of $177.12. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12. The firm has a market cap of $84.86 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 3.03 and a beta of 0.88. American Tower has a 1-year low of $160.06 and a 1-year high of $202.50.

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

American Tower declared that its board has approved a share buyback plan on Tuesday, October 27th that permits the company to buy back $2 billion in outstanding shares. This repurchase authorization permits 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 management believes its shares are undervalued.

Insider Activity at American Tower

In other news, Director Rajesh Kalathur acquired 2,829 shares of American Tower stock in a transaction dated Friday, August 21st. The stock was acquired at an average cost of $177.00 per share, for a total transaction 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 represents a 57.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.08% of the stock is currently owned by corporate insiders.

Institutional Trading of American Tower

Several large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in American Tower in the 2nd quarter valued at $7,490,943,000. State Street Corp raised its holdings in American Tower by 2.9% in 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 period. Lazard Asset Management LLC lifted its position 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 acquired a new position in American Tower during the 2nd quarter worth $1,096,186,000. Finally, Legal & General Group Plc lifted its position in American Tower by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 4,853,850 shares of the real estate investment trust’s stock worth $793,944,000 after acquiring an additional 27,929 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

American Tower News Roundup

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.