SWS Partners Has $1.80 Million Holdings in American Tower Corporation $AMT

SWS Partners lessened its position in shares of American Tower Corporation (NYSE:AMT) by 10.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 8,092 shares of the real estate investment trust’s stock after selling 981 shares during the period. SWS Partners’ holdings in American Tower were worth $1,804,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its position in shares of American Tower by 113.0% in the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after acquiring an additional 2,104 shares in the last quarter. BTC Capital Management Inc. grew its stake in American Tower by 4.3% during the first quarter. BTC Capital Management Inc. now owns 3,816 shares of the real estate investment trust’s stock worth $830,000 after purchasing an additional 159 shares during the period. Ables Iannone Moore & Associates Inc. increased its holdings in American Tower by 2.9% in the first quarter. Ables Iannone Moore & Associates Inc. now owns 17,234 shares of the real estate investment trust’s stock worth $3,750,000 after purchasing an additional 485 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in American Tower by 1.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 10,854 shares of the real estate investment trust’s stock valued at $2,362,000 after buying an additional 159 shares during the period. Finally, Legacy Wealth Asset Management LLC boosted its holdings in shares of American Tower by 1.5% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 7,443 shares of the real estate investment trust’s stock worth $1,620,000 after buying an additional 107 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Insider Activity

In related news, CEO Juan Font sold 720 shares of the company’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $208.33, for a total transaction of $149,997.60. Following the completion of the sale, the chief executive officer owned 23,425 shares in the company, valued at approximately $4,880,130.25. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

American Tower Stock Up 0.4%

American Tower stock opened at $194.40 on Monday. The firm has a market capitalization of $91.03 billion, a price-to-earnings ratio of 70.69, a price-to-earnings-growth ratio of 1.20 and a beta of 0.86. The firm’s fifty day moving average price is $205.32 and its two-hundred day moving average price is $212.47. American Tower Corporation has a 1-year low of $172.51 and a 1-year high of $234.47. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 3.36.

American Tower (NYSE:AMT) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. American Tower had a net margin of 12.60% and a return on equity of 24.85%. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the prior year, the business posted $2.79 EPS. The firm’s revenue was down 9.4% compared to the same quarter last year. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. On average, equities research analysts predict that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 30th. American Tower’s dividend payout ratio (DPR) is currently 247.27%.

Wall Street Analyst Weigh In

Several analysts have recently commented on AMT shares. Royal Bank Of Canada raised their price objective on shares of American Tower from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. The Goldman Sachs Group restated a “buy” rating on shares of American Tower in a report on Tuesday, July 29th. Wells Fargo & Company decreased their price target on shares of American Tower from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. UBS Group upped their price objective on shares of American Tower from $250.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Finally, Barclays raised their target price on American Tower from $246.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, American Tower currently has a consensus rating of “Moderate Buy” and an average target price of $244.73.

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.