J. Safra Sarasin Holding AG Cuts Stock Holdings in American Tower Corporation $AMT

J. Safra Sarasin Holding AG lessened its stake in American Tower Corporation (NYSE:AMT) by 23.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,463 shares of the real estate investment trust’s stock after selling 28,113 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in American Tower were worth $16,234,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. SOA Wealth Advisors LLC. raised its position in shares of American Tower by 36.7% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 205 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 55 shares during the period. Pines Wealth Management LLC grew its position in American Tower by 4.1% during the third quarter. Pines Wealth Management LLC now owns 1,488 shares of the real estate investment trust’s stock valued at $286,000 after acquiring an additional 58 shares during the period. Pasadena Private Wealth LLC grew its position in American Tower by 4.0% during the third quarter. Pasadena Private Wealth LLC now owns 1,544 shares of the real estate investment trust’s stock valued at $297,000 after acquiring an additional 60 shares during the period. Conscious Wealth Investments LLC increased its stake in American Tower by 0.5% during the third quarter. Conscious Wealth Investments LLC now owns 11,852 shares of the real estate investment trust’s stock worth $2,121,000 after acquiring an additional 60 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC raised its holdings in shares of American Tower by 19.9% in the 3rd quarter. Dynamic Wealth Strategies LLC now owns 367 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 61 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Tower

In other news, Director Rajesh Kalathur purchased 2,671 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average cost of $185.30 per share, with a total value of $494,936.30. Following the acquisition, the director owned 4,936 shares in the company, valued at approximately $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Eugene M. Noel sold 41,209 shares of American Tower stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the sale, the chief operating officer directly owned 29,592 shares in the company, valued at $5,653,551.60. This trade represents a 58.20% decrease in their position. The SEC filing for this sale provides additional information. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMT. New Street Research raised American Tower from a “neutral” rating to a “buy” rating and set a $203.00 price objective on the stock in a research note on Monday, January 5th. Sanford C. Bernstein assumed coverage on shares of American Tower in a report on Thursday, March 5th. They issued a “market perform” rating and a $205.00 price target on the stock. Royal Bank Of Canada reduced their price target on shares of American Tower from $220.00 to $195.00 and set a “sector perform” rating on the stock in a research report on Monday, January 12th. BMO Capital Markets boosted their price objective on shares of American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Tower in a research note on Monday, December 29th. One 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 stock. According to data from MarketBeat, American Tower presently has an average rating of “Moderate Buy” and a consensus price target of $217.35.

American Tower Price Performance

AMT stock opened at $170.19 on Tuesday. The firm has a market cap of $79.32 billion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 0.71 and a beta of 0.92. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.60 and a current ratio of 0.60. American Tower Corporation has a 1 year low of $165.08 and a 1 year high of $234.33. The stock has a 50-day simple moving average of $181.42 and a 200-day simple moving average of $182.22.

American Tower (NYSE:AMT) last released its quarterly earnings results 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). The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. American Tower had a return on equity of 24.36% and a net margin of 23.76%.The business’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $2.62 earnings per share. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, equities analysts predict that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 4.2%. This is a boost from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date is Tuesday, April 14th. American Tower’s payout ratio is currently 126.16%.

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.