2,792 Shares in American Tower Corporation $AMT Acquired by Nordwand Advisors LLC

Nordwand Advisors LLC bought a new position in shares of American Tower Corporation (NYSE:AMT) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,792 shares of the real estate investment trust’s stock, valued at approximately $617,000.

Other institutional investors also recently modified their holdings of the company. Hopwood Financial Services Inc. boosted its holdings in shares of American Tower by 100.0% during the 1st quarter. Hopwood Financial Services Inc. now owns 120 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 60 shares during the period. Legacy Investment Solutions LLC acquired a new position in American Tower during the 2nd quarter worth $31,000. Rosenberg Matthew Hamilton grew its position in shares of American Tower by 86.0% in the second quarter. Rosenberg Matthew Hamilton now owns 173 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 80 shares during the last quarter. Saudi Central Bank bought a new position in shares of American Tower in the first quarter worth about $40,000. Finally, Accredited Wealth Management LLC lifted its position in shares of American Tower by 180.0% during the 1st quarter. Accredited Wealth Management LLC now owns 210 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

American Tower Trading Down 1.7%

Shares of American Tower stock opened at $180.41 on Tuesday. American Tower Corporation has a 52-week low of $172.51 and a 52-week high of $234.33. The firm has a market capitalization of $84.46 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 1.08 and a beta of 0.85. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.89 and a quick ratio of 0.95. The company’s fifty day moving average price is $188.10 and its two-hundred day moving average price is $204.98.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $2.78 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 period last year, the firm earned $2.52 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. On average, analysts expect that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th were paid a dividend of $1.70 per share. 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 dividend payout ratio (DPR) is currently 108.63%.

Analyst Ratings Changes

Several research analysts have commented on the company. BMO Capital Markets dropped their price target on American Tower from $220.00 to $215.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Wall Street Zen raised shares of American Tower from a “sell” rating to a “hold” rating in a research report on Sunday, October 12th. Hsbc Global Res cut shares of American Tower from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. TD Cowen decreased their price target on shares of American Tower from $249.00 to $235.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Finally, Barclays cut their price objective on shares of American Tower from $251.00 to $203.00 and set an “overweight” rating for the company in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.44.

Insiders Place Their Bets

In related news, Director Eugene F. Reilly acquired 5,554 shares of the stock in a transaction dated Friday, October 31st. The shares were bought at an average cost of $178.99 per share, for a total transaction of $994,110.46. Following the purchase, the director owned 5,689 shares in the company, valued at approximately $1,018,274.11. This trade represents a 4,114.07% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.17% of the company’s stock.

About American Tower

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.