American Tower Corporation $AMT Shares Bought by Callan Family Office LLC

Callan Family Office LLC boosted its holdings in shares of American Tower Corporation (NYSE:AMT) by 485.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,784 shares of the real estate investment trust’s stock after acquiring an additional 15,574 shares during the period. Callan Family Office LLC’s holdings in American Tower were worth $4,152,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMT. Brighton Jones LLC raised its position in American Tower by 113.0% during the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after acquiring an additional 2,104 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of American Tower by 43.2% in the first quarter. Farther Finance Advisors LLC now owns 3,233 shares of the real estate investment trust’s stock valued at $710,000 after buying an additional 975 shares during the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of American Tower by 5.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,932 shares of the real estate investment trust’s stock valued at $638,000 after buying an additional 143 shares during the last quarter. GAMMA Investing LLC raised its position in shares of American Tower by 9.0% in the first quarter. GAMMA Investing LLC now owns 7,821 shares of the real estate investment trust’s stock valued at $1,702,000 after buying an additional 648 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of American Tower by 1.9% in the first quarter. Assenagon Asset Management S.A. now owns 17,433 shares of the real estate investment trust’s stock valued at $3,793,000 after buying an additional 326 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Price Performance

American Tower stock opened at $186.60 on Friday. American Tower Corporation has a 1 year low of $172.51 and a 1 year high of $234.33. The firm has a 50 day moving average price of $198.75 and a 200 day moving average price of $210.81. The company has a market cap of $87.38 billion, a price-to-earnings ratio of 67.85, a PEG ratio of 1.12 and a beta of 0.86. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.95 and a current ratio of 0.95.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. American Tower had a net margin of 12.60% and a return on equity of 24.85%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the previous year, the firm earned $2.79 earnings per share. American Tower’s revenue was down 9.4% compared to the same quarter last year. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. Sell-side analysts predict that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, September 30th. American Tower’s payout ratio is currently 247.27%.

Insider Transactions at American Tower

In other American Tower news, CEO Juan Font sold 720 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $208.33, for a total transaction of $149,997.60. Following the completion of the sale, the chief executive officer directly owned 23,425 shares in the company, valued at $4,880,130.25. The trade was a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMT has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of American Tower in a research report on Tuesday, July 29th. BMO Capital Markets reissued an “outperform” rating and issued a $245.00 price objective (down previously from $250.00) on shares of American Tower in a research report on Wednesday, July 30th. UBS Group boosted their price objective on shares of American Tower from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Raymond James Financial set a $250.00 price objective on shares of American Tower and gave the company a “strong-buy” rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen lowered shares of American Tower from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, American Tower has an average rating of “Moderate Buy” and a consensus target price of $242.07.

American Tower Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.