American Tower Corporation $AMT is Cohen & Steers Inc.’s 5th Largest Position

Cohen & Steers Inc. cut its holdings in shares of American Tower Corporation (NYSE:AMT) by 7.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,487,087 shares of the real estate investment trust’s stock after selling 1,014,285 shares during the quarter. American Tower comprises 4.0% of Cohen & Steers Inc.’s portfolio, making the stock its 5th biggest position. Cohen & Steers Inc.’s holdings in American Tower were worth $2,192,460,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthspire Advisors LLC grew its stake in shares of American Tower by 98.0% during the 4th quarter. Wealthspire Advisors LLC now owns 4,329 shares of the real estate investment trust’s stock worth $760,000 after purchasing an additional 2,143 shares during the period. Gerber Kawasaki Wealth & Investment Management grew its stake in shares of American Tower by 28.1% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,532 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 336 shares during the period. Quadrant Capital Group LLC grew its stake in shares of American Tower by 84.6% during the 4th quarter. Quadrant Capital Group LLC now owns 15,187 shares of the real estate investment trust’s stock worth $2,667,000 after purchasing an additional 6,958 shares during the period. Douglass Winthrop Advisors LLC grew its stake in shares of American Tower by 9.7% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 508,885 shares of the real estate investment trust’s stock worth $89,345,000 after purchasing an additional 45,182 shares during the period. Finally, Laurel Oak Wealth Management LLC acquired a new stake in shares of American Tower during the 4th quarter worth approximately $406,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Price Performance

American Tower stock opened at $187.20 on Friday. The company’s fifty day moving average price is $181.01 and its 200 day moving average price is $179.92. American Tower Corporation has a 1 year low of $165.08 and a 1 year high of $234.33. The stock has a market capitalization of $87.22 billion, a P/E ratio of 30.24, a P/E/G ratio of 0.79 and a beta of 0.90. 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 (NYSE:AMT) last released its quarterly 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 net margin of 26.81% and a return on equity of 27.79%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter last year, the company earned $2.75 EPS. The firm’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. As a group, equities research analysts anticipate that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a yield of 3.8%. American Tower’s dividend payout ratio (DPR) is currently 115.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AMT shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $195.00 price objective on shares of American Tower in a research note on Thursday, April 30th. Sanford C. Bernstein raised shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price objective on the stock in a research note on Tuesday, May 19th. Weiss Ratings raised shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Barclays dropped their price objective on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Finally, Jefferies Financial Group raised their price objective on shares of American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. One 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $216.20.

Insider Transactions at American Tower

In related news, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction 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 transaction was disclosed in a legal 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. Corporate insiders own 0.08% of the company’s stock.

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.