American Tower (NYSE:AMT) Announces Earnings Results

American Tower (NYSE:AMT) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.83, Briefing.com reports. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the firm posted $2.29 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. American Tower updated its FY 2025 guidance to 10.310-10.500 EPS and its FY25 guidance to $10.31 to $10.50 EPS.

American Tower Price Performance

American Tower stock traded down $0.80 on Wednesday, reaching $202.95. The company’s stock had a trading volume of 198,385 shares, compared to its average volume of 2,211,228. The business’s fifty day moving average price is $185.84 and its 200 day moving average price is $207.01. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $94.84 billion, a price-to-earnings ratio of 85.65, a PEG ratio of 1.29 and a beta of 0.84. American Tower has a twelve month low of $170.46 and a twelve month high of $243.56.

American Tower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, December 27th were given a $1.62 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $6.48 annualized dividend and a yield of 3.19%. American Tower’s payout ratio is 273.42%.

Wall Street Analyst Weigh In

Several equities analysts have commented on AMT shares. Barclays cut their price target on American Tower from $215.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Citigroup reduced their target price on American Tower from $255.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Morgan Stanley decreased their price target on shares of American Tower from $219.00 to $213.00 and set an “equal weight” rating on the stock in a research note on Monday. Wells Fargo & Company dropped their price objective on shares of American Tower from $215.00 to $195.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Finally, Mizuho decreased their target price on shares of American Tower from $221.00 to $204.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $227.00.

Insider Activity at American Tower

In other American Tower news, CFO Rodney M. Smith sold 16,567 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $181.10, for a total value of $3,000,283.70. Following the completion of the sale, the chief financial officer now owns 62,792 shares in the company, valued at approximately $11,371,631.20. This trade represents a 20.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company insiders.

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.