Mitsubishi UFJ Trust & Banking Corp Lowers Position in American Tower Corporation $AMT

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of American Tower Corporation (NYSE:AMT) by 46.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 373,311 shares of the real estate investment trust’s stock after selling 322,709 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.08% of American Tower worth $82,509,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in American Tower by 113.0% during the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock valued at $727,000 after purchasing an additional 2,104 shares during the last quarter. Schechter Investment Advisors LLC raised its position in shares of American Tower by 8.0% during the 1st quarter. Schechter Investment Advisors LLC now owns 2,012 shares of the real estate investment trust’s stock valued at $438,000 after buying an additional 149 shares in the last quarter. CWM LLC lifted its holdings in shares of American Tower by 8.2% during the 1st quarter. CWM LLC now owns 16,580 shares of the real estate investment trust’s stock worth $3,608,000 after acquiring an additional 1,255 shares during the last quarter. Signaturefd LLC grew its position in American Tower by 23.8% in the first quarter. Signaturefd LLC now owns 8,001 shares of the real estate investment trust’s stock worth $1,741,000 after acquiring an additional 1,536 shares in the last quarter. Finally, Catalyst Financial Partners LLC increased its stake in American Tower by 25.9% in the first quarter. Catalyst Financial Partners LLC now owns 2,224 shares of the real estate investment trust’s stock valued at $484,000 after acquiring an additional 458 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

American Tower Stock Performance

NYSE:AMT opened at $184.88 on Wednesday. The firm has a market cap of $86.57 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 1.08 and a beta of 0.85. American Tower Corporation has a fifty-two week low of $172.51 and a fifty-two week high of $234.33. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.95 and a current ratio of 0.89. The business has a 50 day moving average price of $189.19 and a 200-day moving average price of $206.06.

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

American Tower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th were issued a $1.70 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $6.80 annualized dividend and a yield of 3.7%. American Tower’s dividend payout ratio (DPR) is 108.63%.

Insider Activity at American Tower

In other American Tower news, Director Eugene F. Reilly purchased 5,554 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was bought at an average price of $178.99 per share, with a total value of $994,110.46. Following the completion of the purchase, the director directly owned 5,689 shares of the company’s stock, valued at $1,018,274.11. The trade was a 4,114.07% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AMT shares. TD Cowen dropped their price target on American Tower from $249.00 to $235.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Argus set a $210.00 price objective on American Tower in a report on Thursday, October 30th. JPMorgan Chase & Co. dropped their target price on American Tower from $255.00 to $250.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. HSBC reduced their price target on shares of American Tower from $235.00 to $205.00 in a research report on Wednesday, October 29th. Finally, Hsbc Global Res cut shares of American Tower from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.11.

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.