American Tower (NYSE:AMT) Earns Neutral Rating from Analysts at Mizuho

Stock analysts at Mizuho started coverage on shares of American Tower (NYSE:AMT) in a research note issued on Monday, Marketbeat reports. The brokerage set a “neutral” rating and a $205.00 price target on the real estate investment trust’s stock. Mizuho’s price target would indicate a potential upside of 6.26% from the company’s current price.

AMT has been the topic of a number of other reports. BMO Capital Markets reduced their target price on shares of American Tower from $235.00 to $228.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. HSBC began coverage on shares of American Tower in a research report on Thursday, December 14th. They set a “buy” rating and a $245.00 target price on the stock. Barclays raised their target price on shares of American Tower from $224.00 to $234.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. StockNews.com lowered shares of American Tower from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, JPMorgan Chase & Co. reduced their target price on shares of American Tower from $236.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, American Tower has an average rating of “Moderate Buy” and an average target price of $214.91.

American Tower Stock Performance

American Tower stock opened at $192.92 on Monday. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.69 and a quick ratio of 0.69. American Tower has a 1-year low of $154.58 and a 1-year high of $219.10. The firm has a market capitalization of $89.97 billion, a P/E ratio of 60.67, a price-to-earnings-growth ratio of 1.32 and a beta of 0.67. The company’s 50-day moving average is $194.83 and its 200 day moving average is $193.21.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.16). The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.74 billion. American Tower had a return on equity of 12.80% and a net margin of 13.31%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $2.34 earnings per share. Research analysts forecast that American Tower will post 10.08 EPS for the current year.

Insider Activity

In other American Tower news, Director Pamela D. A. Reeve sold 5,054 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $190.46, for a total value of $962,584.84. Following the completion of the sale, the director now directly owns 18,545 shares in the company, valued at $3,532,080.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other American Tower news, CFO Rodney M. Smith sold 11,510 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $205.71, for a total value of $2,367,722.10. Following the completion of the sale, the chief financial officer now directly owns 62,969 shares in the company, valued at $12,953,352.99. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Pamela D. A. Reeve sold 5,054 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $190.46, for a total transaction of $962,584.84. Following the completion of the sale, the director now owns 18,545 shares of the company’s stock, valued at $3,532,080.70. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On American Tower

Institutional investors have recently bought and sold shares of the company. Personal Capital Advisors Corp lifted its stake in shares of American Tower by 1.7% during the first quarter. Personal Capital Advisors Corp now owns 2,510 shares of the real estate investment trust’s stock worth $631,000 after buying an additional 43 shares during the period. Lumature Wealth Partners LLC lifted its stake in shares of American Tower by 40.3% during the first quarter. Lumature Wealth Partners LLC now owns 174 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 50 shares during the period. Alera Investment Advisors LLC lifted its stake in shares of American Tower by 1.3% during the fourth quarter. Alera Investment Advisors LLC now owns 4,105 shares of the real estate investment trust’s stock worth $886,000 after buying an additional 51 shares during the period. McIlrath & Eck LLC lifted its stake in shares of American Tower by 18.5% during the fourth quarter. McIlrath & Eck LLC now owns 333 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 52 shares during the period. Finally, Allstate Corp raised its holdings in shares of American Tower by 3.1% during the fourth quarter. Allstate Corp now owns 1,750 shares of the real estate investment trust’s stock worth $378,000 after purchasing an additional 53 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Company Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.