Daiwa Securities Group Inc. Acquires 17,042 Shares of American Tower Corporation $AMT

Daiwa Securities Group Inc. raised its holdings in American Tower Corporation (NYSE:AMT) by 16.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 118,641 shares of the real estate investment trust’s stock after buying an additional 17,042 shares during the quarter. Daiwa Securities Group Inc.’s holdings in American Tower were worth $20,829,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Cibc World Market Inc. grew its position in shares of American Tower by 27.9% in the 4th quarter. Cibc World Market Inc. now owns 322,815 shares of the real estate investment trust’s stock worth $56,677,000 after buying an additional 70,348 shares during the last quarter. Sivia Capital Partners LLC grew its position in shares of American Tower by 284.5% in the 4th quarter. Sivia Capital Partners LLC now owns 5,125 shares of the real estate investment trust’s stock worth $900,000 after buying an additional 3,792 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of American Tower by 56.4% in the 4th quarter. CIBC Asset Management Inc now owns 123,088 shares of the real estate investment trust’s stock worth $21,611,000 after buying an additional 44,404 shares during the last quarter. Marble Wealth LLC bought a new stake in shares of American Tower in the 4th quarter worth approximately $222,000. Finally, Capital Innovations LLC bought a new stake in shares of American Tower in the 4th quarter worth approximately $10,345,000. 92.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 25th. 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 research report on Wednesday, February 25th. Morgan Stanley cut their price objective on American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Scotiabank raised their target price on American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings upgraded American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One equities research 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $216.20.

Insider Buying and Selling

In related news, Director Rajesh Kalathur acquired 2,671 shares of the stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the purchase, the director owned 4,936 shares of the company’s stock, valued at $914,640.80. This represents a 117.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ruth T. Dowling sold 556 shares of American Tower stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total value of $99,234.88. Following the transaction, the executive vice president owned 29,877 shares of the company’s stock, valued at $5,332,446.96. The trade was a 1.83% 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. Company insiders own 0.08% of the company’s stock.

American Tower Trading Down 0.0%

AMT opened at $193.88 on Friday. The stock has a market cap of $90.33 billion, a PE ratio of 31.32, a PEG ratio of 0.81 and a beta of 0.90. 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 business has a 50 day moving average of $179.08 and a 200-day moving average of $179.58. American Tower Corporation has a 52 week low of $165.08 and a 52 week high of $234.33.

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

American Tower Dividend Announcement

The company 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. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, June 12th. American Tower’s dividend payout ratio (DPR) is presently 115.67%.

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.