Xponance LLC lifted its position in American Tower Corporation (NYSE:AMT – Free Report) by 5.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 127,789 shares of the real estate investment trust’s stock after buying an additional 6,066 shares during the quarter. Xponance LLC’s holdings in American Tower were worth $22,436,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Personal CFO Solutions LLC lifted its stake in American Tower by 3.5% in 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 purchasing an additional 57 shares during the last quarter. Conscious Wealth Investments LLC lifted its stake in American Tower by 0.5% in 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 purchasing an additional 60 shares during the last quarter. Argent Advisors Inc. lifted its stake in American Tower by 0.9% in the 4th quarter. Argent Advisors Inc. now owns 6,625 shares of the real estate investment trust’s stock valued at $1,163,000 after purchasing an additional 61 shares during the last quarter. Cary Street Partners Financial LLC lifted its stake in American Tower by 0.4% in 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 purchasing an additional 62 shares during the last quarter. Finally, Concord Wealth Partners lifted its stake in American Tower by 6.6% in the 4th quarter. Concord Wealth Partners now owns 995 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 62 shares during the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
AMT has been the subject of several recent analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $195.00 target price on shares of American Tower in a research note on Thursday, April 30th. Truist Financial increased their price target on shares of American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. lowered their price target on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Weiss Ratings raised shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Morgan Stanley lowered their price target on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.20.
American Tower Stock Down 1.5%
Shares of AMT opened at $189.65 on Friday. American Tower Corporation has a 12 month low of $165.08 and a 12 month high of $234.33. The firm’s 50 day moving average is $180.69 and its 200-day moving average is $179.87. The stock has a market capitalization of $88.35 billion, a PE ratio of 30.64, a P/E/G ratio of 0.80 and a beta of 0.90. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07.
American Tower (NYSE:AMT – Get Free Report) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping the consensus estimate 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 period last year, the firm earned $2.75 earnings per share. The business’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. Equities research analysts forecast that American Tower Corporation will post 10.67 EPS for the current year.
American Tower Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be issued a dividend of $1.79 per share. 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 (DPR) is currently 115.67%.
Insider Activity at American Tower
In other news, EVP Ruth T. Dowling sold 556 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total transaction of $99,234.88. Following the transaction, the executive vice president directly owned 29,877 shares of the company’s stock, valued at approximately $5,332,446.96. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 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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