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Analysts Offer Insights on Real Estate Companies: American Tower (AMT) and Adamas Trust (ADAM)

Tipranks - Thu Feb 26, 7:32AM CST

There’s a lot to be optimistic about in the Real Estate sector as 2 analysts just weighed in on American Tower (AMTResearch Report) and Adamas Trust (ADAMResearch Report) with bullish sentiments.

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American Tower (AMT)

Morgan Stanley analyst Cameron McVeigh maintained a Buy rating on American Tower today and set a price target of $220.00. The company’s shares closed last Tuesday at $190.19.

According to TipRanks.com, McVeigh is ranked #10722 out of 12136 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Tower with a $213.85 average price target, a 13.7% upside from current levels. In a report issued on February 20, Citi also maintained a Buy rating on the stock with a $225.00 price target.

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Adamas Trust (ADAM)

In a report released yesterday, Michael Diana from Maxim Group reiterated a Buy rating on Adamas Trust, with a price target of $9.00. The company’s shares closed last Tuesday at $8.02.

According to TipRanks.com, Diana is a 3-star analyst with an average return of 0.9% and a 52.4% success rate. Diana covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, Cullen/Frost Bankers, and Saratoga Investment. ;'>

Currently, the analyst consensus on Adamas Trust is a Moderate Buy with an average price target of $9.00.

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