Commerzbank Aktiengesellschaft FI Trims Stock Holdings in American Tower Corporation $AMT

Commerzbank Aktiengesellschaft FI lowered its position in shares of American Tower Corporation (NYSE:AMT) by 42.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 37,639 shares of the real estate investment trust’s stock after selling 28,057 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in American Tower were worth $6,496,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. lifted its stake in American Tower by 489.1% in the 1st quarter. Raleigh Capital Management Inc. now owns 13,703 shares of the real estate investment trust’s stock worth $2,365,000 after purchasing an additional 11,377 shares in the last quarter. Canal Capital Management LLC grew its position in shares of American Tower by 81.9% in the first quarter. Canal Capital Management LLC now owns 34,471 shares of the real estate investment trust’s stock valued at $5,949,000 after purchasing an additional 15,520 shares in the last quarter. Bernzott Capital Advisors increased its holdings in shares of American Tower by 29.3% in the first quarter. Bernzott Capital Advisors now owns 42,161 shares of the real estate investment trust’s stock valued at $7,276,000 after purchasing an additional 9,556 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of American Tower by 4.7% in the fourth quarter. Legal & General Group Plc now owns 4,873,695 shares of the real estate investment trust’s stock valued at $855,675,000 after purchasing an additional 220,447 shares during the last quarter. Finally, Rathbones Group PLC lifted its position in American Tower by 14.9% during the fourth quarter. Rathbones Group PLC now owns 474,216 shares of the real estate investment trust’s stock worth $83,258,000 after buying an additional 61,428 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Insider Buying and Selling at American Tower

In related news, EVP Ruth T. Dowling sold 556 shares of American Tower stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total value of $99,234.88. Following the completion of the sale, the executive vice president owned 29,877 shares in the company, valued at approximately $5,332,446.96. This trade represents a 1.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.

American Tower Stock Down 1.8%

Shares of AMT opened at $167.00 on Tuesday. The company’s 50-day moving average price is $177.43 and its 200 day moving average price is $178.65. American Tower Corporation has a 12-month low of $160.06 and a 12-month high of $234.33. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. The firm has a market cap of $77.80 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 0.71 and a beta of 0.91.

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

American Tower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Friday, June 12th were given a dividend of $1.79 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.3%. American Tower’s dividend payout ratio (DPR) is presently 115.67%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AMT shares. The Goldman Sachs Group began coverage on American Tower in a report on Friday, June 26th. They issued a “buy” rating and a $215.00 target price for the company. Wolfe Research upgraded American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price target on the stock in a report on Wednesday, July 8th. Truist Financial boosted their price target on shares of American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Raymond James Financial reissued a “strong-buy” rating and issued a $240.00 price objective on shares of American Tower in a report on Wednesday, April 29th. Finally, Barclays cut their price objective on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $215.57.

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.