Forsta AP Fonden reduced its holdings in shares of American Tower Corporation (NYSE:AMT – Free Report) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 180,700 shares of the real estate investment trust’s stock after selling 8,100 shares during the quarter. Forsta AP Fonden’s holdings in American Tower were worth $31,725,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank bought a new stake in shares of American Tower during the 4th quarter worth $1,171,180,000. Eurizon SLJ Capital Ltd bought a new stake in shares of American Tower during the 4th quarter worth $217,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of American Tower during the 4th quarter worth $40,008,000. Triglav Investments D.O.O. lifted its position in shares of American Tower by 282.1% during the 4th quarter. Triglav Investments D.O.O. now owns 14,900 shares of the real estate investment trust’s stock worth $2,616,000 after buying an additional 11,000 shares during the last quarter. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of American Tower during the 4th quarter worth $2,309,000. 92.69% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on AMT. BMO Capital Markets upped their price objective on American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 25th. Barclays dropped their price objective on American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Citizens Jmp reiterated a “market outperform” rating and issued a $260.00 target price on shares of American Tower in a research report on Wednesday, April 29th. TD Cowen dropped their target price on American Tower from $235.00 to $225.00 in a research report on Wednesday, February 25th. Finally, Jefferies Financial Group increased their target price on American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $216.20.
American Tower Price Performance
American Tower stock opened at $186.87 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. The company has a market capitalization of $87.06 billion, a PE ratio of 30.19, a P/E/G ratio of 0.78 and a beta of 0.90. American Tower Corporation has a 12 month low of $165.08 and a 12 month high of $234.33. The stock has a 50-day moving average price of $177.67 and a two-hundred day moving average price of $179.37.
American Tower (NYSE:AMT – Get Free Report) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, beating the consensus estimate of $1.60 by $1.24. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Analysts expect that American Tower Corporation will post 10.67 EPS for the current year.
American Tower Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be paid a $1.79 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $7.16 annualized dividend and a dividend yield of 3.8%. American Tower’s dividend payout ratio is presently 115.67%.
Insider Activity
In related news, Director Rajesh Kalathur purchased 2,671 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was bought at an average price of $185.30 per share, with a total value of $494,936.30. Following the completion of the purchase, the director 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 available at this link. Also, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $191.05, for a total value of $7,872,979.45. Following the completion of the sale, the chief operating officer directly owned 29,592 shares of the company’s stock, valued at approximately $5,653,551.60. The trade was a 58.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 42,181 shares of company stock valued at $8,046,071. Company insiders own 0.08% of the company’s stock.
American Tower Company Profile
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.
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