Quantbot Technologies LP Buys Shares of 52,029 American Tower Corporation $AMT

Quantbot Technologies LP purchased a new position in American Tower Corporation (NYSE:AMT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 52,029 shares of the real estate investment trust’s stock, valued at approximately $10,006,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Abound Wealth Management boosted its stake in American Tower by 137.3% in the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 81 shares during the period. Legacy Investment Solutions LLC purchased a new position in American Tower during the second quarter valued at approximately $31,000. Root Financial Partners LLC bought a new stake in American Tower during the 3rd quarter worth approximately $32,000. Physician Wealth Advisors Inc. lifted its stake in American Tower by 85.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 171 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 79 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its stake in American Tower by 103.6% in the 3rd quarter. Westside Investment Management Inc. now owns 169 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 86 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

American Tower Stock Performance

Shares of NYSE:AMT opened at $191.72 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.89 and a debt-to-equity ratio of 3.27. The company has a 50-day moving average price of $179.11 and a 200-day moving average price of $185.66. The company has a market cap of $89.76 billion, a price-to-earnings ratio of 35.57, a price-to-earnings-growth ratio of 0.78 and a beta of 0.93. American Tower Corporation has a 12 month low of $166.88 and a 12 month high of $234.33.

American Tower (NYSE:AMT) last announced its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.79). American Tower had a return on equity of 24.36% and a net margin of 23.76%.The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same period in the previous year, the business earned $2.62 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. As a group, equities analysts anticipate 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, February 2nd. Stockholders of record on Monday, December 29th were issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, December 29th. American Tower’s dividend payout ratio is presently 126.16%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMT. The Goldman Sachs Group decreased their price target on shares of American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, January 16th. New Street Research upgraded American Tower from a “neutral” rating to a “buy” rating and set a $203.00 target price on the stock in a research note on Monday, January 5th. TD Cowen cut their price objective on American Tower from $235.00 to $225.00 in a report on Wednesday. Scotiabank lowered their target price on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a research note on Wednesday. Finally, Raymond James Financial cut their price objective on shares of American Tower from $231.00 to $229.00 and set a “strong-buy” rating for the company in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $218.00.

Insiders Place Their Bets

In other news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total value of $159,631,314.75. Following the transaction, the insider directly owned 211,379 shares in the company, valued at $14,743,685.25. This trade represents a 91.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.17% of the stock is currently owned by company insiders.

American Tower Company 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.