American Tower Corporation $AMT Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in American Tower Corporation (NYSE:AMT) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 74,263 shares of the real estate investment trust’s stock after selling 119 shares during the period. Yousif Capital Management LLC’s holdings in American Tower were worth $16,414,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. North Capital Inc. acquired a new position in American Tower during the first quarter worth $25,000. Hopwood Financial Services Inc. lifted its stake in American Tower by 100.0% during the first quarter. Hopwood Financial Services Inc. now owns 120 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 60 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in American Tower during the first quarter worth $31,000. Saudi Central Bank acquired a new position in American Tower during the first quarter worth $40,000. Finally, Accredited Wealth Management LLC lifted its stake in American Tower by 180.0% during the first quarter. Accredited Wealth Management LLC now owns 210 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 135 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMT has been the topic of a number of research reports. Weiss Ratings restated a “hold (c-)” rating on shares of American Tower in a research note on Wednesday, October 8th. BMO Capital Markets restated an “outperform” rating and set a $245.00 price target (down from $250.00) on shares of American Tower in a research note on Wednesday, July 30th. Hsbc Global Res cut American Tower from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. UBS Group increased their price objective on American Tower from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Finally, Wall Street Zen upgraded American Tower from a “sell” rating to a “hold” rating in a research note on Sunday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $242.07.

American Tower Stock Up 0.7%

Shares of NYSE AMT opened at $186.60 on Monday. The stock has a market cap of $87.38 billion, a P/E ratio of 67.85, a PEG ratio of 1.13 and a beta of 0.86. The business’s fifty day simple moving average is $198.75 and its 200-day simple moving average is $210.80. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 3.36. American Tower Corporation has a 12-month low of $172.51 and a 12-month high of $234.33.

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

American Tower Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Juan Font sold 720 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $208.33, for a total value of $149,997.60. Following the transaction, the chief executive officer owned 23,425 shares of the company’s stock, valued at $4,880,130.25. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

American Tower Company 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.