American Tower Corporation (REI with ticker code (AMT) have now 15 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 271 and 224 with the average target price sitting at $242.20. Given that the stocks previous close was at $201.18 and the analysts are correct then we can expect a percentage increase in value of 20.4%. It’s also worth noting that there is a 50 day moving average of $206.59 and the 200 moving average now moves to $226.58. The total market capitalization for the company now stands at $95,150m. Company Website: https://www.americantower.com
The potential market cap would be $114,551m 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 3.05% with the ex dividend date set at 13-4-2023 (DMY).
Other points of data to note are a P/E ratio of 53.49, revenue per share of 23.21 and a 2.86% return on assets.
