American Tower (NYSE:AMT) Price Target Lowered to $215.00 at Barclays

American Tower (NYSE:AMT - Get Free Report) had its price objective cut by research analysts at Barclays from $251.00 to $215.00 in a report issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the real estate investment trust's stock. Barclays's price objective points to a potential upside of 21.46% from the company's current price.

Several other equities analysts have also weighed in on the company. JPMorgan Chase & Co. lifted their price objective on American Tower from $240.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, September 23rd. StockNews.com lowered American Tower from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group lowered their price objective on American Tower from $260.00 to $234.00 and set a "buy" rating for the company in a report on Thursday, December 12th. Scotiabank cut their target price on shares of American Tower from $248.00 to $236.00 and set a "sector outperform" rating on the stock in a report on Wednesday, October 30th. Finally, Mizuho decreased their target price on shares of American Tower from $221.00 to $204.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $230.67.

American Tower Price Performance

AMT stock traded up $3.56 during trading on Monday, reaching $177.02. 2,409,770 shares of the company were exchanged, compared to its average volume of 2,473,724. The company has a market cap of $82.72 billion, a P/E ratio of 74.69, a PEG ratio of 1.31 and a beta of 0.84. 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 stock's 50 day moving average price is $194.98 and its 200 day moving average price is $211.92. American Tower has a 52-week low of $170.46 and a 52-week high of $243.56.

American Tower (NYSE:AMT - Get Free Report) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $2.45 by ($1.56). The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.77 billion. American Tower had a net margin of 10.05% and a return on equity of 22.01%. American Tower's quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.58 EPS. As a group, analysts predict that American Tower will post 10.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Fortitude Family Office LLC raised its holdings in American Tower by 269.0% during the 3rd quarter. Fortitude Family Office LLC now owns 107 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 78 shares during the last quarter. Fairscale Capital LLC bought a new position in American Tower during the second quarter worth $27,000. Northwest Investment Counselors LLC acquired a new position in American Tower in the third quarter valued at $30,000. Hara Capital LLC acquired a new stake in American Tower during the 3rd quarter worth about $31,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of American Tower in the 3rd quarter worth about $34,000. Institutional investors and hedge funds own 92.69% of the company's stock.

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.