Oddo BHF Asset Management Sas Has $5.85 Million Stock Holdings in American Tower Corporation $AMT

Oddo BHF Asset Management Sas boosted its position in American Tower Corporation (NYSE:AMT) by 28.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,302 shares of the real estate investment trust’s stock after buying an additional 7,452 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in American Tower were worth $5,847,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Richards Merrill & Peterson Inc. acquired a new stake in American Tower in the 4th quarter valued at approximately $25,000. Oakworth Capital Inc. increased its position in shares of American Tower by 90.7% during the 4th 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 last quarter. Swiss RE Ltd. acquired a new position in shares of American Tower during the 4th quarter worth approximately $25,000. Holos Integrated Wealth LLC acquired a new position in shares of American Tower during the 4th quarter worth approximately $27,000. Finally, Triumph Capital Management acquired a new position in shares of American Tower during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Stock Down 0.7%

AMT stock opened at $185.84 on Tuesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. The firm has a market capitalization of $86.58 billion, a PE ratio of 30.02, a PEG ratio of 0.78 and a beta of 0.90. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33. The business’s 50 day simple moving average is $181.25 and its 200 day simple moving average is $179.96.

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 analysts’ consensus estimates of $1.60 by $1.24. The business had revenue of $2.74 billion for 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 firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, research analysts anticipate that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Dividend Announcement

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 issued 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 dividend yield of 3.9%. American Tower’s payout ratio is presently 115.67%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AMT shares. Citizens Jmp reaffirmed a “market outperform” rating and set a $260.00 price target on shares of American Tower in a research report on Wednesday, April 29th. Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $189.00 to $205.00 in a research report on Wednesday, April 15th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $240.00 price target on shares of American Tower in a research report on Wednesday, April 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $195.00 price target on shares of American Tower in a research report on Thursday, April 30th. Finally, Morgan Stanley lowered their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $216.20.

Insider Buying and Selling at American Tower

In related news, EVP Ruth T. Dowling sold 556 shares of the business’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 transaction, the executive vice president directly 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 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. Insiders own 0.08% of the company’s stock.

American Tower 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.