American Tower (NYSE:AMT) Price Target Cut to $195.00 by Analysts at Royal Bank Of Canada

American Tower (NYSE:AMT) had its price target decreased by equities research analysts at Royal Bank Of Canada from $220.00 to $195.00 in a research report issued on Monday,MarketScreener reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 7.42% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Morgan Stanley lowered their price target on American Tower from $255.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, December 4th. Jefferies Financial Group decreased their target price on American Tower from $226.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, December 16th. HSBC cut their price target on American Tower from $235.00 to $205.00 in a report on Wednesday, October 29th. JPMorgan Chase & Co. decreased their price objective on shares of American Tower from $250.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Barclays restated an “equal weight” rating and set a $200.00 target price (down previously from $203.00) on shares of American Tower in a research note on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, American Tower has a consensus rating of “Moderate Buy” and an average target price of $220.26.

American Tower Stock Up 2.3%

AMT traded up $4.06 during trading on Monday, reaching $181.54. 3,868,250 shares of the stock were exchanged, compared to its average volume of 2,845,658. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.89 and a current ratio of 0.89. The stock’s 50 day moving average price is $177.66 and its two-hundred day moving average price is $193.80. American Tower has a twelve month low of $166.88 and a twelve month high of $234.33. The stock has a market cap of $84.99 billion, a P/E ratio of 29.00, a price-to-earnings-growth ratio of 0.70 and a beta of 0.92.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.14. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.65 billion. American Tower had a net margin of 28.11% and a return on equity of 28.79%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.52 EPS. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. Equities analysts expect that American Tower will post 10.14 EPS for the current year.

Insider Activity at American Tower

In related news, Director Eugene F. Reilly acquired 5,554 shares of the company’s stock in a transaction on Friday, October 31st. The stock was purchased at an average cost of $178.99 per share, with a total value of $994,110.46. Following the acquisition, the director directly owned 5,689 shares of the company’s stock, valued at approximately $1,018,274.11. The trade was a 4,114.07% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total value of $159,631,314.75. Following the sale, the insider directly owned 211,379 shares in the company, valued at approximately $14,743,685.25. This trade represents a 91.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.17% of the stock is currently owned by company insiders.

Institutional Trading of American Tower

Several large investors have recently bought and sold shares of AMT. Brighton Jones LLC lifted its stake in American Tower by 113.0% in the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock valued at $727,000 after purchasing an additional 2,104 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of American Tower by 673.8% during the first quarter. Acadian Asset Management LLC now owns 5,107 shares of the real estate investment trust’s stock worth $1,111,000 after buying an additional 4,447 shares in the last quarter. Balefire LLC lifted its stake in shares of American Tower by 14.1% in the 2nd quarter. Balefire LLC now owns 1,597 shares of the real estate investment trust’s stock valued at $353,000 after acquiring an additional 197 shares during the last quarter. Sapient Capital LLC acquired a new stake in shares of American Tower during the 2nd quarter valued at $423,000. Finally, Pines Wealth Management LLC raised its position in American Tower by 6.7% in the second quarter. Pines Wealth Management LLC now owns 1,430 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 90 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

About American Tower

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.