Vanderbilt University Sells 6,312 Shares of American Tower Corporation $AMT

Vanderbilt University lowered its position in shares of American Tower Corporation (NYSE:AMT) by 13.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,555 shares of the real estate investment trust’s stock after selling 6,312 shares during the quarter. American Tower comprises 1.2% of Vanderbilt University’s investment portfolio, making the stock its 15th biggest holding. Vanderbilt University’s holdings in American Tower were worth $7,296,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Azzad Asset Management Inc. ADV boosted its position in American Tower by 2.9% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,829 shares of the real estate investment trust’s stock valued at $1,550,000 after acquiring an additional 252 shares during the last quarter. Raleigh Capital Management Inc. bought a new stake in American Tower during the fourth quarter valued at $408,000. KFG Wealth Management LLC boosted its position in American Tower by 5.9% during the fourth quarter. KFG Wealth Management LLC now owns 2,049 shares of the real estate investment trust’s stock valued at $360,000 after acquiring an additional 114 shares during the last quarter. Portside Wealth Group LLC boosted its position in American Tower by 47.8% during the fourth quarter. Portside Wealth Group LLC now owns 9,357 shares of the real estate investment trust’s stock valued at $1,643,000 after acquiring an additional 3,026 shares during the last quarter. Finally, Rathbones Group PLC boosted its position in American Tower by 14.9% during the fourth quarter. Rathbones Group PLC now owns 474,216 shares of the real estate investment trust’s stock valued at $83,258,000 after acquiring an additional 61,428 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

Insider Activity

In related 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 value of $7,872,979.45. Following the transaction, the chief operating officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rajesh Kalathur purchased 2,671 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following 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. Additional details regarding this purchase are available in the official SEC disclosure. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AMT has been the topic of a number of research analyst reports. BMO Capital Markets upped their price target on shares of American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a research report on Wednesday, February 25th. TD Cowen cut their price target on shares of American Tower from $235.00 to $225.00 in a research report on Wednesday, February 25th. Royal Bank Of Canada cut their price target on shares of American Tower from $220.00 to $195.00 and set a “sector perform” rating on the stock in a research report on Monday, January 12th. Scotiabank reduced their target price on 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. Finally, New Street Research upgraded American Tower from a “neutral” rating to a “buy” rating and set a $203.00 target price for the company in a research note on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $216.76.

American Tower Stock Performance

Shares of AMT opened at $173.90 on Wednesday. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a 50-day moving average of $180.82 and a 200-day moving average of $181.35. The company has a market cap of $81.05 billion, a PE ratio of 32.26, a P/E/G ratio of 0.73 and a beta of 0.92. American Tower Corporation has a one year low of $165.08 and a one year high of $234.33.

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). American Tower had a net margin of 23.76% and a return on equity of 24.36%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the business earned $2.62 earnings per share. The business’s quarterly 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, equities research analysts predict that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. American Tower’s payout ratio is 132.84%.

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.