American Tower Corporation $AMT Holdings Decreased by Curated Wealth Partners LLC

Curated Wealth Partners LLC cut its holdings in American Tower Corporation (NYSE:AMT) by 93.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,646 shares of the real estate investment trust’s stock after selling 163,942 shares during the period. Curated Wealth Partners LLC’s holdings in American Tower were worth $1,743,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new position in American Tower during the 2nd quarter valued at $7,490,943,000. J. Stern & Co. LLP grew its position in American Tower by 28,121.1% during the fourth quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust’s stock valued at $6,616,703,000 after buying an additional 37,553,436 shares during the period. State Street Corp raised its position in American Tower by 2.9% in the second quarter. State Street Corp now owns 22,066,202 shares of the real estate investment trust’s stock worth $3,647,491,000 after acquiring an additional 631,593 shares during the period. Lazard Asset Management LLC increased its stake in shares of American Tower by 20.4% during the 1st quarter. Lazard Asset Management LLC now owns 7,325,943 shares of the real estate investment trust’s stock worth $1,264,311,000 after purchasing an additional 1,240,780 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in American Tower by 0.9% during the fourth quarter. Invesco Ltd. now owns 6,948,190 shares of the real estate investment trust’s stock valued at $1,219,894,000 after purchasing an additional 59,557 shares during the period. 92.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In other American Tower news, Director Rajesh Kalathur bought 2,829 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was acquired at an average price of $177.00 per share, with a total value of $500,733.00. Following the transaction, the director owned 7,765 shares in the company, valued at $1,374,405. This represents a 57.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ruth Dowling sold 1,106 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total transaction of $193,505.76. Following the transaction, the executive vice president directly owned 27,711 shares of the company’s stock, valued at $4,848,316.56. The trade was a 3.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 6,791 shares of company stock worth $1,204,091. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMT. Barclays raised their price target on American Tower from $198.00 to $199.00 and gave the stock an “overweight” rating in a report on Wednesday, September 30th. Mizuho set a $208.00 price target on American Tower in a research note on Thursday, August 20th. Truist Financial restated a “buy” rating and issued a $207.00 price objective (down from $208.00) on shares of American Tower in a report on Wednesday, August 12th. Royal Bank Of Canada upgraded American Tower from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $195.00 to $205.00 in a report on Friday, June 26th. Finally, Scotiabank reiterated an “outperform” rating on shares of American Tower in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, American Tower presently has a consensus rating of “Moderate Buy” and an average target price of $215.48.

American Tower Trading Up 1.8%

Shares of AMT traded up $3.17 during trading hours on Thursday, reaching $182.56. 872,026 shares of the company traded hands, compared to its average volume of 3,067,837. American Tower Corporation has a 12 month low of $160.06 and a 12 month high of $196.08. The company has a market capitalization of $85.07 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 2.88 and a beta of 0.88. The company’s fifty day moving average price is $173.12 and its two-hundred day moving average price is $175.21. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $1.14. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.70 billion. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Equities research analysts predict that American Tower Corporation will post 10.80 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Wednesday, September 30th will be paid a $1.79 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $7.16 annualized dividend and a dividend yield of 3.9%. American Tower’s payout ratio is currently 98.49%.

American Tower Company Profile

American Tower Corporation (NYSE: AMT) is a global real estate investment trust that owns, operates and develops communications infrastructure. Its portfolio includes wireless and broadcast towers, rooftop sites, distributed antenna systems and other facilities that support wireless communications, television and radio broadcasting, government communications and other connectivity services.

The company leases space on its communications sites to wireless carriers, broadcasters, government agencies and other customers.