American Tower Corporation $AMT Position Reduced by Securian Asset Management Inc.

Securian Asset Management Inc. cut its position in shares of American Tower Corporation (NYSE:AMT) by 43.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,729 shares of the real estate investment trust’s stock after selling 9,880 shares during the period. Securian Asset Management Inc.’s holdings in American Tower were worth $2,235,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AMT. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of American Tower by 8.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,793 shares of the real estate investment trust’s stock worth $18,615,000 after purchasing an additional 7,872 shares in the last quarter. Eastern Bank lifted its position in shares of American Tower by 69.6% in the third quarter. Eastern Bank now owns 139,091 shares of the real estate investment trust’s stock worth $26,750,000 after purchasing an additional 57,078 shares in the last quarter. Krilogy Financial LLC purchased a new stake in shares of American Tower in the third quarter worth approximately $1,044,000. Machina Capital S.A.S. purchased a new stake in shares of American Tower in the third quarter worth approximately $2,871,000. Finally, Commerzbank Aktiengesellschaft FI lifted its position in shares of American Tower by 92.4% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 61,397 shares of the real estate investment trust’s stock worth $11,808,000 after purchasing an additional 29,486 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

American Tower Trading Up 0.5%

Shares of AMT stock opened at $177.44 on Tuesday. American Tower Corporation has a 12 month low of $165.08 and a 12 month high of $234.33. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. The company has a market cap of $82.67 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 0.74 and a beta of 0.90. The business’s 50 day moving average is $179.18 and its two-hundred day moving average is $179.52.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating the consensus estimate of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the prior year, the business earned $2.75 earnings per share. American Tower’s revenue for the quarter was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Equities analysts predict that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were given a $1.79 dividend. This is a positive change from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, April 14th. American Tower’s dividend payout ratio (DPR) is currently 115.67%.

Insider Activity

In other news, Director Rajesh Kalathur bought 2,671 shares of American Tower stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average cost of $185.30 per share, with a total value of $494,936.30. Following the completion of the transaction, the director directly owned 4,936 shares in the company, valued at $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ruth T. Dowling sold 416 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total value of $73,856.64. Following the completion of the transaction, the executive vice president directly owned 29,461 shares of the company’s stock, valued at approximately $5,230,505.94. This trade represents a 1.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 42,181 shares of company stock valued at $8,046,071. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays reduced their price target on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Mizuho raised shares of American Tower from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $189.00 to $205.00 in a research report on Wednesday, April 15th. UBS Group reduced their price target on shares of American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Jefferies Financial Group increased their price objective on American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Finally, Truist Financial increased their price objective on American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $218.05.

American Tower Company Profile

American Tower (NYSE: AMT) is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company’s core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.

Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.