American Tower Corporation $AMT Holdings Reduced by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its stake in shares of American Tower Corporation (NYSE:AMT) by 4.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 446,060 shares of the real estate investment trust’s stock after selling 18,705 shares during the period. American Tower comprises 1.6% of Maryland State Retirement & Pension System’s holdings, making the stock its 9th largest position. Maryland State Retirement & Pension System’s holdings in American Tower were worth $76,981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. J. Stern & Co. LLP increased its holdings in American Tower by 28,121.1% in the fourth quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust’s stock valued at $6,616,703,000 after buying an additional 37,553,436 shares in the last quarter. State Street Corp raised its stake in American Tower by 0.3% in the 4th quarter. State Street Corp now owns 20,987,534 shares of the real estate investment trust’s stock valued at $3,719,634,000 after purchasing an additional 71,605 shares during the last quarter. Geode Capital Management LLC boosted its stake in American Tower by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 13,499,035 shares of the real estate investment trust’s stock worth $2,361,675,000 after purchasing an additional 227,361 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of American Tower by 20,721.6% during the fourth 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 buying an additional 9,666,025 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of American Tower by 0.9% in the fourth quarter. Invesco Ltd. now owns 6,948,190 shares of the real estate investment trust’s stock valued at $1,219,894,000 after buying an additional 59,557 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Ruth T. Dowling sold 416 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total transaction of $73,856.64. Following the sale, the executive vice president owned 29,461 shares of the company’s stock, valued at $5,230,505.94. This trade represents 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 available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by corporate insiders.

American Tower Trading Down 0.3%

Shares of American Tower stock opened at $169.04 on Wednesday. The company has a 50-day moving average of $178.21 and a two-hundred day moving average of $178.86. American Tower Corporation has a 12-month low of $160.06 and a 12-month 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. The stock has a market cap of $78.75 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 0.71 and a beta of 0.91.

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 for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the prior year, the firm posted $2.75 EPS. The company’s 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. On average, research analysts anticipate that American Tower Corporation will post 10.66 EPS for the current fiscal year.

American Tower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Friday, June 12th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, June 12th. American Tower’s payout ratio is 115.67%.

Analyst Ratings Changes

Several equities analysts have weighed in on AMT shares. The Goldman Sachs Group assumed coverage on shares of American Tower in a report on Friday, June 26th. They issued a “buy” rating and a $215.00 target price on the stock. Truist Financial upped their price objective on American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $240.00 price target on shares of American Tower in a report on Wednesday, April 29th. Mizuho upgraded American Tower from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $189.00 to $205.00 in a research note on Wednesday, April 15th. Finally, Sanford C. Bernstein raised shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 target price for the company in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, American Tower presently has an average rating of “Moderate Buy” and a consensus target price of $215.57.

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.