What Analysts Say about the American Tower Corporation (REIT) (AMT) Stock

American Tower Corporation (REIT) (NYSE:AMT) saw an upside of 1.13% to close Tuesday at $264.55 after adding $2.95 on the day. The 5-day average trading volume is 1,219,540 shares of the company’s common stock. It has gained $271.78 in the past week. An average of 1,607,995 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,406,400.

AMT’s 1-month performance is -10.20% or -$29.33 on its low of $260.52 reached on 10/11/21. The company’s shares have touched a 52-week low of $197.50 and high of $303.72, with the stock’s rally to the 52-week high happening on 09/08/21. YTD, AMT has achieved 17.86% or $40.09. However, the current price is down -12.90%% from the 52-week high price.


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Insider Transactions

On Sep 07, 36 days have gone by since the last insider trading activity for American Tower Corporation (REIT) (AMT). HORMATS ROBERT D (Director) most recently sold 100 shares at $300.50 per share on Sep 07. This transaction cost the insider $30,050. Director, SHARBUTT DAVID E, sold 739 shares at a price of $300.71 on Sep 03. Then, on Aug 24, Director HORMATS ROBERT D sold 100 shares at a price of $289.49 per share. This transaction amounted to $28,949.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 73.05 and a low of 42.34. AMT stock has a beta of 0.29. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 14.23 while the price-to-book (PB) in the most recent quarter is 20.72, with the price to cash flow ratio at 146.09.

American Tower Corporation (REIT) pays an annual dividend of $5.24 per share. Its dividend yield is 1.98% and the payout ratio is 94.30%. AMT paid $1.31 a share compared with prior rate of $1.27, up 3.05% from last year’s. The company has boosted its dividend for the last 11 consecutive years with the latest dividend increase of $0.04 reported on Thursday September 16 2021. Measured over the last 3 years, the Dividend has been growing by 72.90% yearly.

It is projected that American Tower Corporation (REIT)’s next ex-dividend date will be on 27-Dec. AMT is expected to distribute $1.31 as its next dividend.

American Tower Corporation (REIT)’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.60 meaning that AMT stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 5.73, while the total debt to equity was 6.18. In terms of profitability, the gross margin trailing 12 months is 72.60%. while for the period ending June 29; American Tower Corporation (REIT)’s operating margin was 35.80%. The firm’s gross profit as reported stood at $2.89 billion against revenue of $8.04 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 16.79% to $2.3 billion, while revenue of $2.16 billion was 6.11% off the previous quarter. Analysts expected AMT to announce $1.29 per share in earnings in its latest quarter, but it posted $1.65, representing a 27.90% surprise. EBITDA for the quarter stood at more than $1.4 billion. AMT stock balance sheet for the quarter ending June 29 shows that, with total debt at $44.34 billion. Shareholders hold equity totaling $455.14 million

Technical Picture

Let’s look briefly at American Tower Corporation (REIT) (AMT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 32.92% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.56%.

The stock’s 5-day moving average is $264.46, reflecting a unch or $unch change from its current price. AMT is currently trading -10.75% above its 20-day SMA, +5.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -6.72% and +20.99% respectively.

Stochastic %K and %D was 6.07% and 8.38% and the average true range (ATR) pointed at 5.21. The RSI (14) points at 33.68%, while the 14-day stochastic is at 12.21% with the period’s ATR at 5.24. The stock’s 9-day MACD Oscillator is pointing at -2.16 and -6.34 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for American Tower Corporation (REIT) (NYSE: AMT), Oppenheimer downgraded it to a Perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for AMT stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate AMT as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 13 have offered a “buy” rating.

What is AMT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $271.00 and a high of $356.00, with their median price target at $307.50. Looking at these predictions, the average price target given by analysts is for American Tower Corporation (REIT) (AMT) stock is $306.30.

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