American Tower Corporation (REI which can be found using ticker (AMT) now have 15 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 271 and 224 suggesting an average Analsyt target price of $242.20. Given that the stocks previous close was at $210.81 this now indicates there is a potential upside of 14.9%. There is a 50 day moving average of $204.24 while the 200 day moving average is $224.68. The market capitalization for the company is $96,418m. Company Website: https://www.americantower.com
The potential market cap would be $110,775m based on the market consensus.
American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the Earnings Materials and Investor Presentations sections of our investor relations website at www.americantower.com.
The company has a dividend yield of 3.02% with the ex dividend date set at 13-4-2023 (DMY).
Other points of data to note are a P/E ratio of 54.02, revenue per share of 23.21 and a 2.86% return on assets.
