Natixis Advisors LLC decreased its holdings in shares of American Tower Corporation (NYSE:AMT – Free Report) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,986 shares of the real estate investment trust’s stock after selling 18,482 shares during the period. Natixis Advisors LLC’s holdings in American Tower were worth $34,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the business. Personal CFO Solutions LLC grew its position in shares of American Tower by 3.5% during the 4th quarter. Personal CFO Solutions LLC now owns 1,667 shares of the real estate investment trust’s stock valued at $293,000 after acquiring an additional 57 shares during the period. Conscious Wealth Investments LLC grew its position in shares of American Tower by 0.5% during the 3rd quarter. Conscious Wealth Investments LLC now owns 11,852 shares of the real estate investment trust’s stock valued at $2,121,000 after acquiring an additional 60 shares during the period. SPC Financial Inc. grew its position in shares of American Tower by 1.5% during the 3rd quarter. SPC Financial Inc. now owns 4,093 shares of the real estate investment trust’s stock valued at $787,000 after acquiring an additional 61 shares during the period. Cary Street Partners Financial LLC grew its position in shares of American Tower by 0.4% during the 3rd quarter. Cary Street Partners Financial LLC now owns 15,152 shares of the real estate investment trust’s stock valued at $2,914,000 after acquiring an additional 62 shares during the period. Finally, Concord Wealth Partners grew its position in shares of American Tower by 6.6% during the 4th quarter. Concord Wealth Partners now owns 995 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 62 shares during the period. Institutional investors own 92.69% of the company’s stock.
Analyst Ratings Changes
AMT has been the subject of a number of recent research reports. Raymond James Financial reissued a “strong-buy” rating and set a $240.00 price objective on shares of American Tower in a research report on Wednesday, April 29th. Sanford C. Bernstein raised shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price objective for the company in a research report on Tuesday, May 19th. JPMorgan Chase & Co. lowered their target price on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, UBS Group lowered their target price on shares of American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.20.
Insider Buying and Selling at American Tower
In other American Tower news, EVP Ruth T. Dowling sold 416 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total value of $73,856.64. Following the sale, the executive vice president owned 29,461 shares in the company, valued at $5,230,505.94. The trade was a 1.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur purchased 2,671 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was bought at an average price of $185.30 per share, for a total transaction of $494,936.30. Following 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.08% of the stock is owned by insiders.
American Tower Stock Up 6.6%
AMT opened at $194.34 on Friday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. American Tower Corporation has a fifty-two week low of $165.08 and a fifty-two week high of $234.33. The firm’s fifty day moving average is $178.55 and its 200 day moving average is $179.48. The stock has a market cap of $90.54 billion, a price-to-earnings ratio of 31.40, a price-to-earnings-growth ratio of 0.76 and a beta of 0.90.
American Tower (NYSE:AMT – Get Free Report) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the company earned $2.75 EPS. American Tower’s revenue for the quarter was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, sell-side analysts forecast that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.
American Tower Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Friday, June 12th will be paid a $1.79 dividend. The ex-dividend date is Friday, June 12th. This represents a $7.16 annualized dividend and a yield of 3.7%. American Tower’s payout ratio is presently 115.67%.
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.
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