American Tower Corporation $AMT Shares Purchased by Savvy Advisors Inc.

Savvy Advisors Inc. raised its stake in shares of American Tower Corporation (NYSE:AMT) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,259 shares of the real estate investment trust’s stock after acquiring an additional 59 shares during the period. Savvy Advisors Inc.’s holdings in American Tower were worth $720,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of American Tower by 0.7% during the first quarter. Vanguard Group Inc. now owns 62,809,486 shares of the real estate investment trust’s stock valued at $13,667,344,000 after acquiring an additional 434,118 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of American Tower by 39.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,144,040 shares of the real estate investment trust’s stock valued at $1,772,144,000 after acquiring an additional 2,309,627 shares during the last quarter. Deutsche Bank AG increased its position in shares of American Tower by 4.0% during the first quarter. Deutsche Bank AG now owns 7,383,368 shares of the real estate investment trust’s stock valued at $1,606,621,000 after acquiring an additional 285,195 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of American Tower by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 6,534,862 shares of the real estate investment trust’s stock valued at $1,421,965,000 after acquiring an additional 88,120 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of American Tower by 0.5% during the first quarter. Invesco Ltd. now owns 5,971,716 shares of the real estate investment trust’s stock valued at $1,299,445,000 after acquiring an additional 30,130 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Stock Down 0.2%

Shares of American Tower stock opened at $179.18 on Friday. American Tower Corporation has a 52-week low of $172.51 and a 52-week high of $234.33. The company has a 50 day moving average of $192.70 and a 200 day moving average of $208.05. The company has a quick ratio of 0.95, a current ratio of 0.89 and a debt-to-equity ratio of 3.24. The company has a market capitalization of $83.90 billion, a P/E ratio of 28.62, a P/E/G ratio of 1.08 and a beta of 0.86.

American Tower (NYSE:AMT) last issued its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.14. American Tower had a net margin of 28.11% and a return on equity of 28.79%. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the firm earned $2.52 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. As a group, research analysts forecast that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Tuesday, September 30th were paid a $1.70 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $6.80 dividend on an annualized basis and a yield of 3.8%. American Tower’s payout ratio is currently 108.63%.

Analyst Ratings Changes

AMT has been the subject of a number of recent analyst reports. BMO Capital Markets dropped their price target on shares of American Tower from $220.00 to $215.00 and set an “outperform” rating for the company in a research report on Wednesday. Jefferies Financial Group lowered their price objective on shares of American Tower from $281.00 to $226.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Hsbc Global Res lowered shares of American Tower from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Citigroup reissued a “market outperform” rating on shares of American Tower in a research note on Wednesday. Finally, Royal Bank Of Canada set a $220.00 price objective on shares of American Tower and gave the company a “sector perform” rating in a research note on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $230.88.

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.