American Tower Corporation $AMT Stake Reduced by Stephens Inc. AR

Stephens Inc. AR cut its holdings in American Tower Corporation (NYSE:AMT) by 16.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 61,318 shares of the real estate investment trust’s stock after selling 11,659 shares during the quarter. Stephens Inc. AR’s holdings in American Tower were worth $10,766,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMT. Northwestern Mutual Wealth Management Co. increased its stake in American Tower by 20,721.6% in the 4th 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 in the last quarter. Lazard Asset Management LLC increased its stake in American Tower by 1,984.8% in the 3rd 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 in the last quarter. Viking Global Investors LP increased its stake in American Tower by 233.5% in the 2nd quarter. Viking Global Investors LP now owns 2,797,125 shares of the real estate investment trust’s stock worth $618,221,000 after purchasing an additional 1,958,329 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in American Tower in the 3rd quarter worth about $305,872,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in American Tower by 35.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,796,007 shares of the real estate investment trust’s stock worth $537,728,000 after purchasing an additional 724,504 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMT. BMO Capital Markets lifted their price target on American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 25th. TD Cowen lowered their target price on American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. Sanford C. Bernstein lifted their target price on American Tower from $205.00 to $207.00 and gave the company a “market perform” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $195.00 target price on shares of American Tower in a research note on Thursday, April 30th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $260.00 target price on shares of American Tower in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $218.05.

American Tower Stock Up 0.1%

AMT opened at $170.74 on Friday. The business has a 50 day moving average price of $177.80 and a 200 day moving average price of $179.11. American Tower Corporation has a twelve month low of $165.08 and a twelve month high of $234.33. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $79.54 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 0.71 and a beta of 0.90.

American Tower (NYSE:AMT) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, topping 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 firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period in the previous year, the company earned $2.75 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Research analysts forecast that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.2%. This is a boost from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date was Tuesday, April 14th. American Tower’s dividend payout ratio is presently 115.67%.

Insider Transactions at American Tower

In other news, EVP Ruth T. Dowling sold 556 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total transaction of $99,234.88. Following the completion of the transaction, the executive vice president directly owned 29,877 shares in the company, valued at $5,332,446.96. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $191.05, for a total value of $7,872,979.45. Following the transaction, the chief operating officer owned 29,592 shares of the company’s stock, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 42,181 shares of company stock worth $8,046,071 over the last three months. 0.08% of the stock is currently owned by insiders.

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.