American Tower Corporation $AMT Shares Sold by Bailard Inc.

Bailard Inc. lessened its holdings in shares of American Tower Corporation (NYSE:AMT) by 6.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,708 shares of the real estate investment trust’s stock after selling 462 shares during the period. Bailard Inc.’s holdings in American Tower were worth $1,483,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AMT. Hopwood Financial Services Inc. increased its holdings in shares of American Tower by 100.0% in the 1st quarter. Hopwood Financial Services Inc. now owns 120 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 60 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in American Tower during the second quarter worth about $31,000. Rosenberg Matthew Hamilton grew its position in American Tower by 86.0% during the second quarter. Rosenberg Matthew Hamilton now owns 173 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 80 shares during the period. Saudi Central Bank purchased a new position in American Tower in the first quarter valued at about $40,000. Finally, Accredited Wealth Management LLC lifted its position in shares of American Tower by 180.0% during the 1st quarter. Accredited Wealth Management LLC now owns 210 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 135 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Insider Activity

In other American Tower news, Director Eugene F. Reilly acquired 5,554 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were acquired at an average price of $178.99 per share, for a total transaction of $994,110.46. Following the completion of the acquisition, the director directly owned 5,689 shares of the company’s stock, valued at $1,018,274.11. This trade represents a 4,114.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMT. Jefferies Financial Group lowered their price target on American Tower from $281.00 to $226.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of American Tower in a report on Wednesday, October 8th. Morgan Stanley cut their price target on American Tower from $270.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Royal Bank Of Canada set a $220.00 price objective on shares of American Tower and gave the company a “sector perform” rating in a research note on Wednesday, October 1st. Finally, BMO Capital Markets dropped their target price on shares of American Tower from $220.00 to $215.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $231.11.

American Tower Price Performance

NYSE:AMT opened at $181.02 on Friday. American Tower Corporation has a 12-month low of $172.51 and a 12-month high of $234.33. The firm has a market cap of $84.74 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 1.08 and a beta of 0.85. The company’s 50-day moving average is $188.66 and its two-hundred day moving average is $205.73. The company has a current ratio of 0.89, a quick ratio of 0.95 and a debt-to-equity ratio of 3.24.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.14. American Tower had a net margin of 28.11% and a return on equity of 28.79%. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the business posted $2.52 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. Research analysts expect that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th were paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, September 30th. American Tower’s dividend payout ratio is currently 108.63%.

American Tower Company Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.