81,205 Shares in American Tower Corporation $AMT Acquired by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in American Tower Corporation (NYSE:AMT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 81,205 shares of the real estate investment trust’s stock, valued at approximately $14,257,000.

Several other institutional investors and hedge funds have also bought and sold shares of AMT. Northwestern Mutual Wealth Management Co. grew its holdings in American Tower by 20,721.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock worth $1,705,254,000 after purchasing an additional 9,666,025 shares during the last quarter. Lazard Asset Management LLC grew its holdings in American Tower by 1,984.8% in the third quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock worth $858,552,000 after purchasing an additional 4,250,242 shares during the last quarter. Viking Global Investors LP grew its holdings in shares of American Tower by 233.5% during the second quarter. Viking Global Investors LP now owns 2,797,125 shares of the real estate investment trust’s stock valued at $618,221,000 after buying an additional 1,958,329 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of American Tower during the third quarter valued at $305,872,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of American Tower by 35.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,796,007 shares of the real estate investment trust’s stock valued at $537,728,000 after buying an additional 724,504 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the completion of the transaction, the chief operating officer owned 29,592 shares in the company, valued at $5,653,551.60. This represents a 58.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rajesh Kalathur purchased 2,671 shares of American Tower stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average price of $185.30 per share, with a total value of $494,936.30. Following the transaction, the director owned 4,936 shares in the company, valued at approximately $914,640.80. The trade was a 117.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 42,181 shares of company stock worth $8,046,071 in the last 90 days. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

AMT has been the topic of a number of research analyst reports. Citizens Jmp reissued a “market outperform” rating and set a $260.00 price objective on shares of American Tower in a report on Wednesday, April 29th. JPMorgan Chase & Co. dropped their price objective on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Mizuho raised shares of American Tower from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $189.00 to $205.00 in a report on Wednesday, April 15th. Jefferies Financial Group boosted their price objective on shares of American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Finally, Morgan Stanley dropped their price objective on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $216.20.

American Tower Price Performance

NYSE:AMT opened at $182.86 on Wednesday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market cap of $85.19 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 0.74 and a beta of 0.90. The company has a 50 day moving average price of $177.48 and a 200-day moving average price of $179.02. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33.

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

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date was Tuesday, April 14th. American Tower’s payout ratio is currently 115.67%.

More American Tower News

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: Bernstein upgraded American Tower (AMT) to Outperform from Market Perform and lifted its price target to $207, signaling roughly 17% upside and reinforcing optimism around the tower REIT group. Bernstein turns bullish on American Tower, sees 17% upside
• Positive Sentiment: American Tower also announced pricing for a €750 million senior notes offering due 2033 at 4.000%, giving it access to long-term capital and suggesting management is continuing to fund growth and refinance efficiently. American Tower Corporation Prices Senior Notes Offering
• Neutral Sentiment: The company presented at the J.P. Morgan Global Technology, Media and Communications Conference, which may have kept investors focused on its growth outlook, but no major new financial details were disclosed in the transcript. American Tower Corporation (AMT) Presents at J.P. Morgan Conference Transcript
• Neutral Sentiment: Broader sector commentary continues to highlight American Tower as a beneficiary of demand for connectivity and infrastructure, but this is more of a longer-term thesis than a near-term catalyst. Data Center REITs: One Of My Highest-Conviction Calls

About American Tower

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.