American Tower Corporation $AMT Holdings Cut by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA decreased its holdings in shares of American Tower Corporation (NYSE:AMT) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,972 shares of the real estate investment trust’s stock after selling 1,700 shares during the quarter. American Tower makes up about 1.4% of Middleton & Co. Inc. MA’s holdings, making the stock its 23rd biggest position. Middleton & Co. Inc. MA’s holdings in American Tower were worth $12,371,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AMT. Hopwood Financial Services Inc. grew its stake in American Tower by 100.0% in the 1st quarter. Hopwood Financial Services Inc. now owns 120 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 60 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in American Tower by 86.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 173 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 80 shares during the last quarter. Saudi Central Bank acquired a new position in American Tower in the 1st quarter valued at $40,000. Accredited Wealth Management LLC grew its stake in American Tower by 180.0% in the 1st quarter. Accredited Wealth Management LLC now owns 210 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 135 shares during the last quarter. Finally, Park Square Financial Group LLC grew its stake in American Tower by 512.8% in the 1st quarter. Park Square Financial Group LLC now owns 239 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Stock Down 0.5%

Shares of NYSE AMT opened at $179.43 on Thursday. The stock has a market cap of $84.02 billion, a P/E ratio of 28.66, a P/E/G ratio of 1.08 and a beta of 0.86. The firm has a 50 day moving average price of $190.99 and a 200 day moving average price of $207.09. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.95 and a current ratio of 0.89. American Tower Corporation has a 52-week low of $172.51 and a 52-week high of $234.33.

American Tower (NYSE:AMT) last issued its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $2.78 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the company earned $2.52 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. Analysts expect that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Announces Dividend

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

Insider Buying and Selling

In other American Tower news, Director Eugene F. Reilly bought 5,554 shares of American Tower stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average price of $178.99 per share, for a total transaction of $994,110.46. Following the completion of the acquisition, the director owned 5,689 shares of the company’s stock, valued at $1,018,274.11. This trade represents a 4,114.07% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMT. UBS Group restated a “buy” rating and issued a $260.00 price target on shares of American Tower in a research report on Wednesday, October 29th. The Goldman Sachs Group decreased their price target on shares of American Tower from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Morgan Stanley decreased their price target on shares of American Tower from $270.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. HSBC decreased their price target on shares of American Tower from $235.00 to $205.00 in a research report on Wednesday, October 29th. Finally, Argus set a $210.00 price target on shares of American Tower in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $231.11.

American Tower 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.