American Tower Corporation $AMT Position Lifted by Georgetown University

Georgetown University increased its stake in shares of American Tower Corporation (NYSE:AMT) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,422 shares of the real estate investment trust’s stock after purchasing an additional 369 shares during the quarter. American Tower makes up 3.9% of Georgetown University’s holdings, making the stock its 10th largest position. Georgetown University’s holdings in American Tower were worth $10,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in AMT. Hopwood Financial Services Inc. boosted its holdings in shares of American Tower by 100.0% in the 1st quarter. Hopwood Financial Services Inc. now owns 120 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 60 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in American Tower in the second quarter valued at approximately $31,000. VSM Wealth Advisory LLC grew its holdings in American Tower by 136.4% in the second quarter. VSM Wealth Advisory LLC now owns 156 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 90 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in shares of American Tower by 86.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 173 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 80 shares in the last quarter. Finally, Saudi Central Bank purchased a new position in American Tower during the 1st quarter worth $40,000. 92.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMT has been the subject of a number of research analyst reports. Morgan Stanley decreased their price target on American Tower from $270.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Argus set a $210.00 price objective on American Tower in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Tower in a report on Wednesday. TD Cowen cut their price target on shares of American Tower from $249.00 to $235.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Finally, Hsbc Global Res cut shares of American Tower from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $228.44.

Insider Buying and Selling at American Tower

In related news, Director Eugene F. Reilly purchased 5,554 shares of the company’s stock in a transaction on Friday, October 31st. The shares were bought at an average cost of $178.99 per share, for a total transaction of $994,110.46. Following the completion of the purchase, the director directly owned 5,689 shares of the company’s stock, valued at approximately $1,018,274.11. This trade represents a 4,114.07% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

American Tower Stock Performance

NYSE AMT opened at $179.09 on Friday. The stock has a 50-day moving average of $187.23 and a 200 day moving average of $204.34. American Tower Corporation has a twelve month low of $172.51 and a twelve month high of $234.33. The stock has a market capitalization of $83.84 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 1.08 and a beta of 0.85. The company has a current ratio of 0.89, a quick ratio of 0.95 and a debt-to-equity ratio of 3.24.

American Tower (NYSE:AMT) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.14. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.65 billion. American Tower had a return on equity of 28.79% and a net margin of 28.11%.The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.52 earnings per share. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. Sell-side analysts anticipate that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th were issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Tuesday, September 30th. American Tower’s dividend payout ratio (DPR) is presently 108.63%.

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.