Bernzott Capital Advisors Has $7.28 Million Stock Position in American Tower Corporation $AMT

Bernzott Capital Advisors increased its position in shares of American Tower Corporation (NYSE:AMT) by 29.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 42,161 shares of the real estate investment trust’s stock after purchasing an additional 9,556 shares during the period. American Tower accounts for 3.5% of Bernzott Capital Advisors’ investment portfolio, making the stock its 7th largest holding. Bernzott Capital Advisors’ holdings in American Tower were worth $7,276,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMT. Richards Merrill & Peterson Inc. bought a new stake in shares of American Tower in the 4th quarter valued at about $25,000. Oakworth Capital Inc. grew its holdings in American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 68 shares during the period. Swiss RE Ltd. bought a new position in American Tower during the fourth quarter worth about $25,000. Holos Integrated Wealth LLC acquired a new position in American Tower during the fourth quarter worth approximately $27,000. Finally, Triumph Capital Management acquired a new position in American Tower during the third quarter worth approximately $29,000. 92.69% of the stock is owned by institutional investors.

American Tower Stock Performance

NYSE:AMT opened at $164.78 on Friday. The stock’s 50-day simple moving average is $178.85 and its 200 day simple moving average is $178.96. The firm has a market capitalization of $76.77 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 0.69 and a beta of 0.91. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. American Tower Corporation has a twelve month low of $160.06 and a twelve month high of $234.33.

American Tower (NYSE:AMT) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the firm posted $2.75 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, analysts anticipate that American Tower Corporation will post 10.66 EPS for the current fiscal year.

American Tower Announces Dividend

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 paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $7.16 annualized dividend and a dividend yield of 4.3%. American Tower’s dividend payout ratio (DPR) is presently 115.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMT shares. Barclays cut their price target on American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Scotiabank raised their target price on shares of American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein upgraded shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price target on the stock in a research note on Tuesday, May 19th. Weiss Ratings cut American Tower from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 29th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $215.57.

Insider Buying and Selling

In other American Tower news, EVP Ruth T. Dowling sold 556 shares of American Tower stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total transaction of $99,234.88. Following the transaction, the executive vice president directly owned 29,877 shares of the company’s stock, valued at approximately $5,332,446.96. The trade was a 1.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% of the company’s stock.

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.