American Tower Corporation $AMT Shares Purchased by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. raised its holdings in American Tower Corporation (NYSE:AMT) by 14.2% during the first quarter, Holdings Channel.com reports. The firm owned 72,850 shares of the real estate investment trust’s stock after purchasing an additional 9,079 shares during the quarter. Epoch Investment Partners Inc.’s holdings in American Tower were worth $12,572,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Oakworth Capital Inc. lifted its holdings in shares of American Tower by 90.7% in the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 68 shares during the period. Richards Merrill & Peterson Inc. purchased a new stake in shares of American Tower in the fourth quarter valued at approximately $25,000. Swiss RE Ltd. acquired a new position in American Tower during the fourth quarter worth $25,000. Triumph Capital Management acquired a new position in American Tower during the third quarter worth $29,000. Finally, Acumen Wealth Advisors LLC purchased a new position in American Tower in the fourth quarter worth $29,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Activity at American Tower

In related news, EVP Ruth T. Dowling sold 416 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total value of $73,856.64. Following the sale, the executive vice president directly owned 29,461 shares in the company, valued at $5,230,505.94. The trade was a 1.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Jefferies Financial Group raised their target price on American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. The Goldman Sachs Group assumed coverage on shares of American Tower in a research note on Friday, June 26th. They set a “buy” rating and a $215.00 price target on the stock. Wolfe Research upgraded shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price objective for the company in a research note on Wednesday, July 8th. Truist Financial raised their price objective on shares of American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $240.00 price objective on shares of American Tower in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $215.57.

American Tower Stock Performance

Shares of AMT stock opened at $166.66 on Friday. The stock has a fifty day moving average price of $176.77 and a 200 day moving average price of $178.35. The stock has a market cap of $77.65 billion, a PE ratio of 26.92, a P/E/G ratio of 0.70 and a beta of 0.91. American Tower Corporation has a 1 year low of $160.06 and a 1 year high of $231.54. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43.

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

American Tower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Friday, June 12th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, June 12th. American Tower’s payout ratio is 115.67%.

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.