Scotiabank Cuts American Tower (NYSE:AMT) Price Target to $214.00

American Tower (NYSE:AMT) had its target price decreased by investment analysts at Scotiabank from $220.00 to $214.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s target price points to a potential upside of 15.06% from the stock’s current price.

A number of other equities analysts also recently commented on the company. Wells Fargo & Company reduced their price objective on American Tower from $210.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Mizuho lowered their price target on shares of American Tower from $217.00 to $189.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. The Goldman Sachs Group dropped their price objective on shares of American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a report on Friday, January 16th. TD Cowen reduced their target price on shares of American Tower from $235.00 to $225.00 in a research note on Wednesday. Finally, Citigroup reissued a “market outperform” rating on shares of American Tower in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $217.95.

American Tower Price Performance

AMT traded down $4.21 on Wednesday, reaching $185.99. 946,795 shares of the company’s stock were exchanged, compared to its average volume of 3,150,542. The stock has a market cap of $87.07 billion, a PE ratio of 29.71, a P/E/G ratio of 0.79 and a beta of 0.93. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.89 and a quick ratio of 0.89. American Tower has a twelve month low of $166.88 and a twelve month high of $234.33. The stock’s fifty day moving average price is $178.43 and its 200-day moving average price is $185.79.

Insider Buying and Selling

In other news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the completion of the transaction, the insider directly owned 211,379 shares in the company, valued at $14,743,685.25. This trade represents a 91.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On American Tower

Hedge funds have recently bought and sold shares of the company. Analyst IMS Investment Management Services Ltd. grew its holdings in shares of American Tower by 3.6% in the second quarter. Analyst IMS Investment Management Services Ltd. now owns 1,370 shares of the real estate investment trust’s stock valued at $303,000 after purchasing an additional 48 shares in the last quarter. Marion Wealth Management grew its stake in shares of American Tower by 0.8% in the 2nd quarter. Marion Wealth Management now owns 5,924 shares of the real estate investment trust’s stock worth $1,309,000 after buying an additional 48 shares in the last quarter. YANKCOM Partnership increased its holdings in shares of American Tower by 2.9% in the 2nd quarter. YANKCOM Partnership now owns 1,729 shares of the real estate investment trust’s stock worth $382,000 after buying an additional 49 shares during the last quarter. GPS Wealth Strategies Group LLC raised its position in shares of American Tower by 2.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,566 shares of the real estate investment trust’s stock valued at $567,000 after buying an additional 51 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its holdings in shares of American Tower by 3.1% in the 2nd quarter. Manchester Capital Management LLC now owns 1,808 shares of the real estate investment trust’s stock valued at $400,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Key Stories Impacting American Tower

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

• Positive Sentiment: Q4 results showed strength in core metrics — AFFO/FFO and revenue topped estimates and leasing demand across towers and data‑center bookings remained robust, supporting longer‑term growth in mobile data and colocation. American Tower Q4 press release
• Positive Sentiment: Analysts and coverage note accelerating data‑center momentum and durable tenant billings — these trends underpin the company’s strategy to offset headwinds with higher‑margin growth segments. Reuters: upbeat revenue, leasing activity
• Neutral Sentiment: Analyst price‑target moves are mixed: BMO raised its PT to $200 but kept a market‑perform rating, while TD Cowen and Morgan Stanley trimmed targets modestly (to $225 and $220 respectively). These actions leave the consensus view varied rather than uniformly bullish or bearish. BMO update TD Cowen update Morgan Stanley update
• Neutral Sentiment: Valuation and short‑term price discussion: coverage is parsing whether recent share volatility creates an attractive entry given recent 30‑day and YTD gains versus 1‑year weakness. This is framing investor debate rather than creating a single directional catalyst. Yahoo: valuation piece
• Negative Sentiment: Credit/tenant risk: DISH Network has defaulted on lease payments and AMT is pursuing legal action; management has updated 2026 outlook to reflect lost DISH lease revenue. That customer‑concentration shock is the primary near‑term headwind investors are discounting. Yahoo: DISH default
• Negative Sentiment: Guidance/earnings nuance: while company commentary emphasized cost efficiency and growth in data centers, some outlets characterized FY‑2026 guidance as “light,” and reported GAAP EPS came in below one consensus figure — creating short‑term disappointment despite FFO/AFFO beats. MSN: light guidance MarketBeat: EPS/earnings details

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.