Entropy Technologies LP Has $14.77 Million Stock Position in American Tower Corporation $AMT

Entropy Technologies LP grew its position in American Tower Corporation (NYSE:AMT) by 34.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,096 shares of the real estate investment trust’s stock after buying an additional 21,555 shares during the quarter. American Tower makes up approximately 0.8% of Entropy Technologies LP’s portfolio, making the stock its 14th largest position. Entropy Technologies LP’s holdings in American Tower were worth $14,765,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Richards Merrill & Peterson Inc. acquired a new stake in shares of American Tower during the fourth quarter worth approximately $25,000. Oakworth Capital Inc. boosted its holdings in shares of American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 68 shares during the period. Swiss RE Ltd. acquired a new stake in shares of American Tower during the fourth quarter worth approximately $25,000. Holos Integrated Wealth LLC acquired a new stake in shares of American Tower during the fourth quarter worth approximately $27,000. Finally, Triumph Capital Management acquired a new stake in shares of American Tower during the third quarter worth approximately $29,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American Tower

In related news, EVP Ruth T. Dowling sold 556 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total transaction of $99,234.88. Following the transaction, the executive vice president owned 29,877 shares of the company’s stock, valued at approximately $5,332,446.96. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMT. Scotiabank lifted their target price on shares of American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Truist Financial lifted their target price on shares of American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Raymond James Financial reiterated a “strong-buy” rating and issued a $240.00 target price on shares of American Tower in a research note on Wednesday, April 29th. Barclays reduced their target price on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Finally, JPMorgan Chase & Co. reduced their target price on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, American Tower has an average rating of “Moderate Buy” and an average target price of $216.20.

American Tower Trading Down 1.1%

NYSE:AMT opened at $187.20 on Friday. American Tower Corporation has a 12 month low of $165.08 and a 12 month high of $234.33. The firm has a market cap of $87.22 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 0.78 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 company’s 50 day moving average is $181.01 and its 200-day moving average is $179.92.

American Tower (NYSE:AMT) last released its quarterly 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. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the firm posted $2.75 earnings per share. The company’s quarterly revenue 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. Equities analysts anticipate that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be given a dividend of $1.79 per share. 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 payout ratio is 115.67%.

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.