Integrated Wealth Concepts LLC Purchases 6,862 Shares of American Tower Corporation $AMT

Integrated Wealth Concepts LLC lifted its holdings in American Tower Corporation (NYSE:AMT) by 12.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,637 shares of the real estate investment trust’s stock after buying an additional 6,862 shares during the period. Integrated Wealth Concepts LLC’s holdings in American Tower were worth $11,662,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AMT. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of American Tower by 8.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,793 shares of the real estate investment trust’s stock worth $18,615,000 after purchasing an additional 7,872 shares during the period. Eastern Bank grew its holdings in American Tower by 69.6% during the third quarter. Eastern Bank now owns 139,091 shares of the real estate investment trust’s stock valued at $26,750,000 after purchasing an additional 57,078 shares during the period. Machina Capital S.A.S. bought a new position in American Tower during the third quarter valued at $2,871,000. Krilogy Financial LLC purchased a new stake in American Tower in the third quarter worth $1,044,000. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of American Tower by 92.4% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 61,397 shares of the real estate investment trust’s stock valued at $11,808,000 after buying an additional 29,486 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMT has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on American Tower from $250.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. TD Cowen lowered their price objective on American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. The Goldman Sachs Group dropped their price objective on shares of American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Tower in a research note on Monday, December 29th. Finally, Scotiabank reduced their target price on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating for the company in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $217.35.

Insider Activity at American Tower

In other news, Director Rajesh Kalathur purchased 2,671 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was purchased at an average cost of $185.30 per share, with a total value of $494,936.30. Following the acquisition, the director directly owned 4,936 shares in the company, valued at approximately $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Eugene M. Noel sold 41,209 shares of the business’s stock in a transaction on 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 transaction, the chief operating officer owned 29,592 shares of the company’s stock, valued at $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.18% of the stock is currently owned by insiders.

American Tower Stock Performance

NYSE:AMT opened at $184.54 on Tuesday. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.60 and a current ratio of 0.60. American Tower Corporation has a 52-week low of $166.88 and a 52-week high of $234.33. The firm has a market cap of $86.01 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 0.77 and a beta of 0.92. The business’s fifty day moving average is $181.59 and its 200 day moving average is $183.82.

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 the consensus estimate of $2.54 by ($0.79). The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.69 billion. American Tower had a return on equity of 24.36% and a net margin of 23.76%.The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.62 EPS. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Research analysts predict that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date is Tuesday, April 14th. American Tower’s dividend payout ratio (DPR) is 126.16%.

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.