Universal Beteiligungs und Servicegesellschaft mbH Buys 9,210 Shares of American Tower Corporation $AMT

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in American Tower Corporation (NYSE:AMT) by 2.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 397,438 shares of the real estate investment trust’s stock after acquiring an additional 9,210 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of American Tower worth $76,435,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AMT. Vest Financial LLC increased its stake in shares of American Tower by 23.8% in the third quarter. Vest Financial LLC now owns 54,696 shares of the real estate investment trust’s stock worth $10,519,000 after purchasing an additional 10,523 shares during the period. Waldron Private Wealth LLC boosted its position in shares of American Tower by 7.6% in the third quarter. Waldron Private Wealth LLC now owns 5,389 shares of the real estate investment trust’s stock valued at $1,045,000 after acquiring an additional 379 shares during the period. Demars Financial Group LLC acquired a new stake in shares of American Tower in the third quarter worth $392,000. Vert Asset Management LLC increased its position in American Tower by 10.6% during the third quarter. Vert Asset Management LLC now owns 103,122 shares of the real estate investment trust’s stock worth $19,832,000 after acquiring an additional 9,872 shares during the period. Finally, Mill Capital Management LLC grew its position in American Tower by 0.5% in the 3rd quarter. Mill Capital Management LLC now owns 122,684 shares of the real estate investment trust’s stock worth $23,595,000 after purchasing an additional 619 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

American Tower Trading Down 3.2%

Shares of NYSE AMT opened at $177.74 on Wednesday. The stock has a market cap of $83.21 billion, a price-to-earnings ratio of 28.39, a P/E/G ratio of 0.74 and a beta of 0.92. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 3.24. The company’s fifty day moving average is $177.79 and its 200-day moving average is $192.45. American Tower Corporation has a twelve month low of $166.88 and a twelve month high of $234.33.

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

American Tower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, December 29th will be issued a $1.70 dividend. The ex-dividend date of this dividend is Monday, December 29th. This represents a $6.80 annualized dividend and a yield of 3.8%. American Tower’s payout ratio is currently 108.63%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Jefferies Financial Group cut their target price on American Tower from $226.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th. TD Cowen cut their target price on American Tower from $249.00 to $235.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. BMO Capital Markets cut American Tower from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $210.00 to $185.00 in a research report on Friday, January 9th. Barclays reaffirmed an “equal weight” rating and issued a $200.00 target price (down previously from $203.00) on shares of American Tower in a report on Monday, December 1st. Finally, Argus set a $210.00 price objective on shares of American Tower in a report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, American Tower currently has a consensus rating of “Moderate Buy” and an average target price of $218.89.

Insider Activity at American Tower

In related news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the completion of the transaction, the insider directly owned 211,379 shares of the company’s stock, valued at $14,743,685.25. This trade represents a 91.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eugene F. Reilly purchased 5,554 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was bought at an average cost of $178.99 per share, with a total value of $994,110.46. Following the purchase, the director 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. Additional details regarding this purchase are available in the official SEC disclosure. 0.18% of the stock is currently owned by insiders.

About American Tower

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.