Capital Analysts LLC Grows Stock Position in American Tower Corporation $AMT

Capital Analysts LLC increased its holdings in American Tower Corporation (NYSE:AMT) by 6.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 68,594 shares of the real estate investment trust’s stock after purchasing an additional 4,442 shares during the quarter. Capital Analysts LLC’s holdings in American Tower were worth $12,043,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AMT. Krilogy Financial LLC acquired a new position in shares of American Tower in the third quarter worth $1,044,000. ABC Arbitrage SA acquired a new position in shares of American Tower in the third quarter worth $4,093,000. ING Groep NV raised its holdings in shares of American Tower by 5,413.1% in the third quarter. ING Groep NV now owns 60,534 shares of the real estate investment trust’s stock worth $11,642,000 after acquiring an additional 59,436 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of American Tower by 1.0% in the third quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust’s stock worth $12,239,277,000 after acquiring an additional 611,801 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of American Tower in the third quarter worth $35,633,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 416 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total transaction of $73,856.64. Following the completion of the sale, the executive vice president owned 29,461 shares of the company’s stock, valued at approximately $5,230,505.94. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Stock Performance

American Tower stock opened at $190.67 on Wednesday. The firm has a market capitalization of $88.83 billion, a P/E ratio of 30.80, a PEG ratio of 0.79 and a beta of 0.90. The stock has a fifty day moving average price of $179.90 and a 200 day moving average price of $179.70. American Tower Corporation has a 52 week low of $165.08 and a 52 week high of $234.33. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07.

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 the consensus estimate of $1.60 by $1.24. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period 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 anticipate that American Tower Corporation will post 10.67 earnings per share for the current year.

American Tower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, June 12th. American Tower’s dividend payout ratio is presently 115.67%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Citizens Jmp reissued a “market outperform” rating and issued a $260.00 price target on shares of American Tower in a report on Wednesday, April 29th. UBS Group cut their price target on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Morgan Stanley cut their price target on American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Sanford C. Bernstein raised American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price target for the company in a report on Tuesday, May 19th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $195.00 target price on shares of American Tower in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $216.20.

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.