American Tower Corporation $AMT Shares Sold by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. lowered its stake in shares of American Tower Corporation (NYSE:AMT) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,166 shares of the real estate investment trust’s stock after selling 3,070 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in American Tower were worth $8,105,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Personal CFO Solutions LLC raised its holdings in shares of American Tower by 3.5% in the 4th quarter. Personal CFO Solutions LLC now owns 1,667 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 57 shares during the period. Conscious Wealth Investments LLC raised its holdings in shares of American Tower by 0.5% in the 3rd quarter. Conscious Wealth Investments LLC now owns 11,852 shares of the real estate investment trust’s stock worth $2,121,000 after purchasing an additional 60 shares during the period. SPC Financial Inc. raised its holdings in shares of American Tower by 1.5% in the 3rd quarter. SPC Financial Inc. now owns 4,093 shares of the real estate investment trust’s stock worth $787,000 after purchasing an additional 61 shares during the period. Argent Advisors Inc. raised its holdings in shares of American Tower by 0.9% in the 4th quarter. Argent Advisors Inc. now owns 6,625 shares of the real estate investment trust’s stock worth $1,163,000 after purchasing an additional 61 shares during the period. Finally, Cary Street Partners Financial LLC raised its holdings in shares of American Tower by 0.4% in the 3rd quarter. Cary Street Partners Financial LLC now owns 15,152 shares of the real estate investment trust’s stock worth $2,914,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Buying and Selling

In other American Tower news, Director Rajesh Kalathur acquired 2,671 shares of the stock in a transaction on Tuesday, March 10th. The stock was purchased at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the purchase, 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ruth T. Dowling sold 416 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total value of $73,856.64. Following the sale, the executive vice president 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by company insiders.

American Tower Price Performance

AMT stock opened at $193.88 on Friday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. American Tower Corporation has a 1 year low of $165.08 and a 1 year high of $234.33. The firm has a market cap of $90.33 billion, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 0.81 and a beta of 0.90. The stock has a 50-day simple moving average of $179.08 and a 200-day simple moving average of $179.58.

American Tower (NYSE:AMT) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the firm earned $2.75 earnings per share. The company’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. On average, equities analysts predict that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be paid a $1.79 dividend. The ex-dividend date is Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.7%. American Tower’s dividend payout ratio (DPR) is 115.67%.

Analysts Set New Price Targets

A number of research firms have recently commented on AMT. Jefferies Financial Group raised 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. Royal Bank Of Canada restated a “sector perform” rating and issued a $195.00 price objective on shares of American Tower in a report on Thursday, April 30th. Truist Financial raised 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. UBS Group cut their price objective on American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Finally, Sanford C. Bernstein upgraded American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price objective on the stock in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $216.20.

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.