Private Advisor Group LLC Sells 3,506 Shares of American Tower Corporation $AMT

Private Advisor Group LLC lowered its stake in American Tower Corporation (NYSE:AMT) by 8.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,347 shares of the real estate investment trust’s stock after selling 3,506 shares during the quarter. Private Advisor Group LLC’s holdings in American Tower were worth $7,375,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AMT. Abound Wealth Management increased its position in American Tower by 137.3% during 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 in the last quarter. Root Financial Partners LLC acquired a new stake in shares of American Tower during the 3rd quarter valued at $32,000. Physician Wealth Advisors Inc. boosted its holdings in shares of American Tower by 85.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 171 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 79 shares in the last quarter. Westside Investment Management Inc. grew its position in American Tower by 103.6% during the 3rd quarter. Westside Investment Management Inc. now owns 169 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 86 shares during the last quarter. Finally, VSM Wealth Advisory LLC increased its holdings in American Tower by 136.4% in the 2nd quarter. VSM Wealth Advisory LLC now owns 156 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 90 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AMT shares. Royal Bank Of Canada dropped their target price on American Tower from $220.00 to $195.00 and set a “sector perform” rating for the company in a research report on Monday, January 12th. Raymond James Financial lowered their price objective on 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. Mizuho dropped their price objective on shares of American Tower from $217.00 to $189.00 and set a “neutral” rating for the company in a report on Monday, January 12th. Sanford C. Bernstein assumed coverage on shares of American Tower in a research report on Thursday, March 5th. They set a “market perform” rating and a $205.00 target price on the stock. Finally, BMO Capital Markets boosted 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. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $217.35.

American Tower Trading Down 1.7%

NYSE AMT opened at $179.66 on Friday. The firm has a market capitalization of $83.74 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 0.77 and a beta of 0.92. The business’s 50-day moving average price is $181.23 and its two-hundred day moving average price is $184.44. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27. American Tower Corporation has a 12 month low of $166.88 and a 12 month high of $234.33.

American Tower (NYSE:AMT) last posted its quarterly earnings data 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 company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period in the prior year, the firm earned $2.62 earnings per share. American Tower’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. On average, analysts expect that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be given a $1.79 dividend. This is an increase from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date is Tuesday, April 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.0%. American Tower’s dividend payout ratio is presently 126.16%.

Insider Buying and Selling

In other news, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction on 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 sale, the chief operating officer directly owned 29,592 shares of the company’s stock, valued at approximately $5,653,551.60. This represents a 58.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Rajesh Kalathur acquired 2,671 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were purchased at an average price of $185.30 per share, with a total value of $494,936.30. Following the completion of the transaction, the director owned 4,936 shares of the company’s stock, valued at $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.17% of the stock is currently owned by insiders.

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.