Paradigm Asset Management Co. LLC Takes $1.17 Million Position in American Tower Corporation $AMT

Paradigm Asset Management Co. LLC acquired a new stake in shares of American Tower Corporation (NYSE:AMT) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,300 shares of the real estate investment trust’s stock, valued at approximately $1,171,000.

Several other large investors also recently added to or reduced their stakes in AMT. Brighton Jones LLC increased its holdings in American Tower by 113.0% during the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after purchasing an additional 2,104 shares during the period. Axxcess Wealth Management LLC increased its stake in shares of American Tower by 47.9% during the first quarter. Axxcess Wealth Management LLC now owns 3,929 shares of the real estate investment trust’s stock valued at $855,000 after buying an additional 1,272 shares during the period. CFO4Life Group LLC raised its holdings in shares of American Tower by 8.7% in the first quarter. CFO4Life Group LLC now owns 1,342 shares of the real estate investment trust’s stock valued at $292,000 after acquiring an additional 107 shares in the last quarter. Allworth Financial LP lifted its stake in American Tower by 12.4% in the first quarter. Allworth Financial LP now owns 38,926 shares of the real estate investment trust’s stock worth $8,210,000 after acquiring an additional 4,284 shares during the period. Finally, MJP Associates Inc. ADV bought a new position in American Tower during the 1st quarter worth about $240,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American Tower

In related news, Director Eugene F. Reilly bought 5,554 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were acquired at an average price of $178.99 per share, for a total transaction of $994,110.46. Following the completion of the transaction, the director directly owned 5,689 shares in the company, valued at $1,018,274.11. This trade represents a 4,114.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is currently owned by insiders.

American Tower Price Performance

Shares of AMT opened at $177.86 on Friday. The business’s 50-day moving average is $189.98 and its two-hundred day moving average is $206.61. The company has a market capitalization of $83.28 billion, a P/E ratio of 28.41, a P/E/G ratio of 1.08 and a beta of 0.85. American Tower Corporation has a fifty-two week low of $172.51 and a fifty-two week high of $234.33. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.95 and a current ratio of 0.89.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, October 28th. The real estate investment trust reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.14. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.65 billion. American Tower had a return on equity of 28.79% and a net margin of 28.11%.The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.52 earnings per share. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. Research 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 declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th were given a dividend of $1.70 per share. The ex-dividend date was Tuesday, September 30th. This represents a $6.80 dividend on an annualized basis and a yield of 3.8%. American Tower’s dividend payout ratio is currently 108.63%.

Analyst Ratings Changes

AMT has been the subject of several recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of American Tower in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price objective on American Tower from $255.00 to $250.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. HSBC lowered their target price on shares of American Tower from $235.00 to $205.00 in a research note on Wednesday, October 29th. UBS Group restated a “buy” rating and set a $260.00 price target on shares of American Tower in a research note on Wednesday, October 29th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of American Tower in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $231.11.

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.