Sarasin & Partners LLP Has $158.08 Million Stock Holdings in American Tower Corporation $AMT

Sarasin & Partners LLP raised its stake in American Tower Corporation (NYSE:AMT) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 900,401 shares of the real estate investment trust’s stock after purchasing an additional 36,571 shares during the quarter. American Tower makes up about 1.6% of Sarasin & Partners LLP’s portfolio, making the stock its 24th biggest holding. Sarasin & Partners LLP owned 0.19% of American Tower worth $158,083,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AMT. Brighton Jones LLC grew its stake in shares of American Tower by 113.0% in the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock valued at $727,000 after buying an additional 2,104 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in American Tower by 34.3% during the second quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock worth $319,000 after buying an additional 368 shares during the last quarter. United Bank raised its position in American Tower by 12.7% during the second quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock worth $1,434,000 after acquiring an additional 733 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in American Tower by 1.4% in the second quarter. Handelsbanken Fonder AB now owns 209,739 shares of the real estate investment trust’s stock valued at $46,357,000 after acquiring an additional 2,923 shares during the last quarter. Finally, Personal CFO Solutions LLC grew its position in shares of American Tower by 15.7% in the 2nd quarter. Personal CFO Solutions LLC now owns 1,929 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 262 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Buying and Selling at American Tower

In other news, Director Rajesh Kalathur acquired 2,671 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were 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 $914,640.80. This represents a 117.92% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $191.05, for a total value of $7,872,979.45. Following the transaction, the chief operating officer owned 29,592 shares in the company, valued at $5,653,551.60. The trade was a 58.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.17% of the company’s stock.

American Tower Stock Down 3.3%

Shares of AMT opened at $176.81 on Friday. The firm has a market cap of $82.41 billion, a P/E ratio of 32.80, a price-to-earnings-growth ratio of 0.74 and a beta of 0.92. 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’s 50-day simple moving average is $182.41 and its 200 day simple moving average is $183.36.

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

American Tower Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, April 14th. This is an increase from American Tower’s previous quarterly dividend of $1.70. American Tower’s payout ratio is 126.16%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. TD Cowen lowered their price objective on shares of American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. UBS Group lowered their price target on American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Scotiabank dropped their price objective on American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Tower in a research report on Monday, December 29th. Finally, Morgan Stanley reduced their target price on American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.35.

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.