AG Campbell Advisory LLC acquired a new stake in shares of American Tower Corporation (NYSE:AMT – Free Report) during the 4th quarter, Holdings Channel reports. The fund acquired 13,020 shares of the real estate investment trust’s stock, valued at approximately $2,286,000. American Tower accounts for about 0.7% of AG Campbell Advisory LLC’s investment portfolio, making the stock its 15th largest holding.
A number of other institutional investors and hedge funds have also bought and sold shares of AMT. Pure Financial Advisors LLC purchased a new stake in shares of American Tower during the fourth quarter valued at $295,000. SHP Wealth Management purchased a new position in American Tower in the 4th quarter worth about $211,000. Reflection Asset Management bought a new position in American Tower during the 4th quarter valued at about $610,000. Tobam boosted its holdings in shares of American Tower by 2.9% during the 4th quarter. Tobam now owns 26,925 shares of the real estate investment trust’s stock valued at $4,727,000 after acquiring an additional 756 shares during the last quarter. Finally, Wick Capital Partners LLC purchased a new stake in shares of American Tower during the 4th quarter valued at about $221,000. 92.69% of the stock is currently owned by institutional investors.
Insider Transactions at American Tower
In other American Tower news, EVP Ruth T. Dowling sold 416 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total transaction of $73,856.64. Following the sale, the executive vice president owned 29,461 shares in the company, valued at approximately $5,230,505.94. This trade represents a 1.39% decrease in their position. The transaction was disclosed in a legal 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 Trading Down 0.2%
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 the consensus estimate of $1.60 by $1.24. The company had revenue of $2.74 billion for 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%.American Tower’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, equities analysts predict that American Tower Corporation will post 10.66 earnings per share for the current year.
American Tower Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, June 12th. American Tower’s dividend payout ratio is currently 115.67%.
Analyst Upgrades and Downgrades
AMT has been the subject of several research reports. Jefferies Financial Group boosted their price objective on shares of American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $260.00 target price on shares of American Tower in a research report on Wednesday, April 29th. UBS Group decreased their target price on shares of American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Barclays lowered their price target on American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Finally, Morgan Stanley dropped their price target on American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $216.20.
View Our Latest Stock 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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