Deutsche Bank AG cut its holdings in American Tower Corporation (NYSE:AMT – Free Report) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,909,301 shares of the real estate investment trust’s stock after selling 626,144 shares during the period. Deutsche Bank AG’s holdings in American Tower were worth $1,213,066,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Capital Analysts LLC boosted its holdings in American Tower by 6.9% during the fourth quarter. Capital Analysts LLC now owns 68,594 shares of the real estate investment trust’s stock valued at $12,043,000 after acquiring an additional 4,442 shares during the period. Motley Fool Asset Management LLC boosted its holdings in American Tower by 11.1% during the fourth quarter. Motley Fool Asset Management LLC now owns 93,699 shares of the real estate investment trust’s stock valued at $16,451,000 after acquiring an additional 9,325 shares during the period. Portfolio Design Labs LLC boosted its holdings in American Tower by 3.2% during the fourth quarter. Portfolio Design Labs LLC now owns 6,336 shares of the real estate investment trust’s stock valued at $1,112,000 after acquiring an additional 196 shares during the period. Marks Group Wealth Management Inc boosted its holdings in American Tower by 36.9% during the fourth quarter. Marks Group Wealth Management Inc now owns 11,395 shares of the real estate investment trust’s stock valued at $2,001,000 after acquiring an additional 3,069 shares during the period. Finally, Waddell & Associates LLC bought a new stake in American Tower during the fourth quarter valued at about $460,000. 92.69% of the stock is currently owned by institutional investors.
Insider Activity at American Tower
In other news, EVP Ruth T. Dowling sold 556 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total transaction of $99,234.88. Following the completion of the transaction, the executive vice president owned 29,877 shares of the company’s stock, valued at approximately $5,332,446.96. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.08% of the company’s stock.
American Tower Stock Up 0.8%
American Tower (NYSE:AMT – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, equities research analysts expect that American Tower Corporation will post 10.67 earnings per share for the current year.
American Tower Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.8%. American Tower’s dividend payout ratio is currently 115.67%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. TD Cowen decreased their price target on shares of American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. Barclays decreased their price target on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. UBS Group decreased their price target on shares of American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Raymond James Financial restated a “strong-buy” rating and set a $240.00 price target on shares of American Tower in a report on Wednesday, April 29th. Finally, Truist Financial upped their price objective on shares of American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $216.20.
Get Our Latest Analysis on AMT
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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