Capital Analysts LLC Grows Position in American Tower Corporation $AMT

Capital Analysts LLC increased its position in shares of American Tower Corporation (NYSE:AMT) by 6.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,594 shares of the real estate investment trust’s stock after buying an additional 4,442 shares during the quarter. Capital Analysts LLC’s holdings in American Tower were worth $12,043,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. grew its stake in American Tower by 90.7% during the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 68 shares during the last quarter. Richards Merrill & Peterson Inc. purchased a new position in American Tower during the 4th quarter worth approximately $25,000. Triumph Capital Management purchased a new position in American Tower during the 3rd quarter worth approximately $29,000. Holos Integrated Wealth LLC purchased a new position in American Tower during the 4th quarter worth approximately $27,000. Finally, Lloyd Advisory Services LLC. purchased a new position in American Tower during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMT. Scotiabank lifted their target price on American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. TD Cowen lowered their target price on American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. Citizens Jmp reiterated a “market outperform” rating and issued a $260.00 target price on shares of American Tower in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lowered their target price on American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Finally, Sanford C. Bernstein upgraded American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 target price on the stock in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $216.20.

Insider Activity at American Tower

In other news, EVP Ruth T. Dowling sold 416 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total value of $73,856.64. Following the completion of the sale, the executive vice president directly owned 29,461 shares of the company’s stock, valued at $5,230,505.94. This trade represents a 1.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by corporate insiders.

American Tower Trading Up 0.8%

Shares of AMT stock opened at $190.67 on Wednesday. The business’s 50 day moving average is $179.90 and its two-hundred day moving average is $179.70. American Tower Corporation has a twelve month low of $165.08 and a twelve month high of $234.33. The company has a market capitalization of $88.83 billion, a P/E ratio of 30.80, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07.

American Tower (NYSE:AMT) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, beating the consensus estimate of $1.60 by $1.24. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Equities analysts forecast that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, June 12th. American Tower’s dividend payout ratio (DPR) is currently 115.67%.

American Tower 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.