Teacher Retirement System of Texas Increases Stock Position in American Tower Corporation $AMT

Teacher Retirement System of Texas grew its holdings in American Tower Corporation (NYSE:AMT) by 117.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 266,005 shares of the real estate investment trust’s stock after purchasing an additional 143,851 shares during the quarter. Teacher Retirement System of Texas’ holdings in American Tower were worth $46,702,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of American Tower by 8.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,793 shares of the real estate investment trust’s stock valued at $18,615,000 after purchasing an additional 7,872 shares during the period. Eastern Bank boosted its stake in shares of American Tower by 69.6% in the third quarter. Eastern Bank now owns 139,091 shares of the real estate investment trust’s stock valued at $26,750,000 after purchasing an additional 57,078 shares during the period. Krilogy Financial LLC acquired a new stake in American Tower in the third quarter valued at approximately $1,044,000. Machina Capital S.A.S. acquired a new stake in American Tower in the third quarter valued at approximately $2,871,000. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in American Tower by 92.4% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 61,397 shares of the real estate investment trust’s stock valued at $11,808,000 after acquiring an additional 29,486 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

AMT has been the topic of several analyst reports. TD Cowen reduced their target price on shares of American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. Royal Bank Of Canada cut their price objective on shares of American Tower from $220.00 to $195.00 and set a “sector perform” rating on the stock in a report on Monday, January 12th. BMO Capital Markets raised their price objective on shares of American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a report on Wednesday, February 25th. The Goldman Sachs Group cut their price objective on shares of American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Finally, Scotiabank cut their price objective on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $217.33.

Insiders Place Their Bets

In other news, Director Rajesh Kalathur acquired 2,671 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the transaction, the director directly owned 4,936 shares in the company, valued at approximately $914,640.80. This represents a 117.92% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Eugene M. Noel sold 41,209 shares of American Tower stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the completion of the transaction, the chief operating officer owned 29,592 shares in the company, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.17% of the company’s stock.

American Tower Stock Performance

Shares of American Tower stock opened at $176.32 on Thursday. The firm’s fifty day simple moving average is $181.34 and its 200-day simple moving average is $180.32. The stock has a market capitalization of $82.18 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 0.73 and a beta of 0.92. American Tower Corporation has a 12 month low of $165.08 and a 12 month high of $234.33. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.79). American Tower had a net margin of 23.76% and a return on equity of 24.36%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period in the previous year, the firm earned $2.62 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. As a group, equities analysts forecast that American Tower Corporation will post 10.59 earnings per share for the current year.

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be given a $1.79 dividend. This is a positive change from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date is Tuesday, April 14th. This represents a $7.16 dividend on an annualized basis and a yield of 4.1%. American Tower’s payout ratio is 132.84%.

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.