Sei Investments Co. Sells 114,831 Shares of American Tower Corporation $AMT

Sei Investments Co. decreased its position in shares of American Tower Corporation (NYSE:AMT) by 12.5% in the third quarter, Holdings Channel reports. The fund owned 801,335 shares of the real estate investment trust’s stock after selling 114,831 shares during the period. Sei Investments Co.’s holdings in American Tower were worth $154,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Abound Wealth Management increased its stake in shares of American Tower by 137.3% in the third quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 81 shares during the period. Root Financial Partners LLC bought a new stake in American Tower during the 3rd quarter valued at approximately $32,000. Physician Wealth Advisors Inc. boosted its stake in American Tower by 85.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 171 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 79 shares during the period. Westside Investment Management Inc. grew its holdings in American Tower by 103.6% in the 3rd quarter. Westside Investment Management Inc. now owns 169 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 86 shares during the last quarter. Finally, VSM Wealth Advisory LLC increased its position in American Tower by 136.4% in the 2nd quarter. VSM Wealth Advisory LLC now owns 156 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 90 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Tower

In other news, COO Eugene M. Noel sold 41,209 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the completion of the transaction, the chief operating officer directly owned 29,592 shares of the company’s stock, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rajesh Kalathur bought 2,671 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were acquired at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the transaction, the director owned 4,936 shares in the company, valued at $914,640.80. This represents a 117.92% increase in their position. The SEC filing for this purchase provides additional information. 0.17% of the stock is currently owned by company insiders.

American Tower Price Performance

Shares of NYSE:AMT opened at $179.66 on Friday. The firm has a market capitalization of $83.74 billion, a PE ratio of 33.33, a PEG ratio of 0.77 and a beta of 0.92. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27. American Tower Corporation has a 1-year low of $166.88 and a 1-year high of $234.33. The business’s 50 day moving average is $181.23 and its 200-day moving average is $184.44.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.79). The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.69 billion. American Tower had a net margin of 23.76% and a return on equity of 24.36%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.62 earnings per share. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Sell-side analysts predict that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be paid a $1.79 dividend. The ex-dividend date is Tuesday, April 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.0%. This is a positive change from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio is currently 126.16%.

Analyst Ratings Changes

AMT has been the subject of a number of research analyst reports. Mizuho cut their price target on American Tower from $217.00 to $189.00 and set a “neutral” rating for the company in a report on Monday, January 12th. Barclays reaffirmed an “equal weight” rating and set a $200.00 target price (down from $203.00) on shares of American Tower in a research report on Monday, December 1st. Royal Bank Of Canada cut their target price on shares of American Tower from $220.00 to $195.00 and set a “sector perform” rating for the company in a research note on Monday, January 12th. UBS Group reduced their price target on shares of American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Finally, Jefferies Financial Group raised their price target on shares of American Tower from $200.00 to $209.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $217.35.

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.