Douglass Winthrop Advisors LLC Has $89.18 Million Position in American Tower Corporation $AMT

Douglass Winthrop Advisors LLC raised its position in American Tower Corporation (NYSE:AMT) by 4.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 463,703 shares of the real estate investment trust’s stock after purchasing an additional 18,705 shares during the period. American Tower makes up about 1.6% of Douglass Winthrop Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Douglass Winthrop Advisors LLC owned about 0.10% of American Tower worth $89,179,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of American Tower in the 2nd quarter valued at $1,371,875,000. JPMorgan Chase & Co. raised its stake in American Tower by 24.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,666,082 shares of the real estate investment trust’s stock worth $2,799,458,000 after buying an additional 2,474,328 shares during the period. Viking Global Investors LP lifted its holdings in American Tower by 233.5% during the second quarter. Viking Global Investors LP now owns 2,797,125 shares of the real estate investment trust’s stock worth $618,221,000 after acquiring an additional 1,958,329 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in American Tower during the third quarter worth about $305,872,000. Finally, Invesco Ltd. grew its stake in American Tower by 11.9% in the second quarter. Invesco Ltd. now owns 6,680,524 shares of the real estate investment trust’s stock valued at $1,476,529,000 after acquiring an additional 708,808 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at American Tower

In other news, COO Eugene M. Noel sold 41,209 shares of American Tower stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $191.05, for a total value of $7,872,979.45. Following the completion of the transaction, the chief operating officer owned 29,592 shares of the company’s stock, valued at $5,653,551.60. This trade represents a 58.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on AMT. Scotiabank dropped their price target on American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, February 25th. Barclays reiterated an “equal weight” rating and issued a $200.00 price objective (down from $203.00) on shares of American Tower in a research report on Monday, December 1st. BMO Capital Markets raised their target price on shares of American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Tower in a research note on Monday, December 29th. Finally, New Street Research upgraded shares of American Tower from a “neutral” rating to a “buy” rating and set a $203.00 price target for the company in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $217.35.

American Tower Stock Down 1.8%

NYSE:AMT opened at $182.82 on Thursday. American Tower Corporation has a twelve month low of $166.88 and a twelve month high of $234.33. The firm has a market capitalization of $85.21 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 0.78 and a beta of 0.92. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27. The stock’s 50 day moving average price is $181.14 and its two-hundred day moving average price is $184.47.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing the consensus estimate of $2.54 by ($0.79). American Tower had a net margin of 23.76% and a return on equity of 24.36%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period in the previous year, the company posted $2.62 EPS. The company’s quarterly 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. Equities research analysts expect that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be paid a $1.79 dividend. This is an increase from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, April 14th. American Tower’s dividend payout ratio is 132.84%.

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.