American Tower Corporation $AMT Shares Purchased by Nicholas Company Inc.

Nicholas Company Inc. boosted its holdings in American Tower Corporation (NYSE:AMT) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,795 shares of the real estate investment trust’s stock after purchasing an additional 3,795 shares during the quarter. Nicholas Company Inc.’s holdings in American Tower were worth $6,636,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AMT. Vanguard Group Inc. raised its stake in shares of American Tower by 1.0% during the third quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust’s stock valued at $12,239,277,000 after purchasing an additional 611,801 shares in the last quarter. Invesco Ltd. raised its stake in shares of American Tower by 3.1% during the third quarter. Invesco Ltd. now owns 6,888,633 shares of the real estate investment trust’s stock valued at $1,324,822,000 after purchasing an additional 208,109 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of American Tower by 1.0% during the fourth quarter. Principal Financial Group Inc. now owns 6,038,061 shares of the real estate investment trust’s stock valued at $1,060,103,000 after purchasing an additional 57,545 shares in the last quarter. Capital Research Global Investors raised its stake in shares of American Tower by 0.3% during the third quarter. Capital Research Global Investors now owns 4,924,771 shares of the real estate investment trust’s stock valued at $947,132,000 after purchasing an additional 15,145 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of American Tower by 3.5% during the third quarter. Legal & General Group Plc now owns 4,653,248 shares of the real estate investment trust’s stock valued at $894,913,000 after purchasing an additional 159,223 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. TD Cowen dropped their price target on shares of American Tower from $235.00 to $225.00 in a research report on Wednesday, February 25th. Citizens Jmp reiterated a “market outperform” rating and issued a $260.00 price target on shares of American Tower in a research report on Wednesday, April 29th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $195.00 price target on shares of American Tower in a research report on Thursday, April 30th. Finally, Mizuho upgraded shares of American Tower from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $189.00 to $205.00 in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $218.05.

Insider Activity

In other American Tower news, Director Rajesh Kalathur bought 2,671 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were bought at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the acquisition, the director directly owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Eugene M. Noel sold 41,209 shares of the company’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 completion of the transaction, the chief operating officer owned 29,592 shares in the company, valued at $5,653,551.60. This represents a 58.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,181 shares of company stock worth $8,046,071 in the last 90 days. Company insiders own 0.08% of the company’s stock.

American Tower Price Performance

NYSE AMT opened at $176.45 on Monday. The stock’s 50-day moving average price is $179.45 and its two-hundred day moving average price is $179.74. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. The company has a market cap of $82.21 billion, a PE ratio of 28.51, a PEG ratio of 0.74 and a beta of 0.90. American Tower Corporation has a 1 year low of $165.08 and a 1 year high of $234.33.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $1.24. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, analysts predict that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were issued a $1.79 dividend. The ex-dividend date was Tuesday, April 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.1%. This is a positive change from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio is currently 115.67%.

American Tower 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.