American Tower Corporation $AMT Stock Holdings Lessened by Bessemer Group Inc.

Bessemer Group Inc. lowered its stake in American Tower Corporation (NYSE:AMT) by 76.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 270,313 shares of the real estate investment trust’s stock after selling 900,871 shares during the period. Bessemer Group Inc.’s holdings in American Tower were worth $47,458,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Oakworth Capital Inc. increased its holdings in shares of American Tower by 90.7% in the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 68 shares in the last quarter. Richards Merrill & Peterson Inc. bought a new position in shares of American Tower in the fourth quarter valued at $25,000. Triumph Capital Management bought a new position in shares of American Tower in the third quarter valued at $29,000. Holos Integrated Wealth LLC bought a new position in shares of American Tower in the fourth quarter valued at $27,000. Finally, Root Financial Partners LLC bought a new position in shares of American Tower in the third quarter valued at $32,000. Institutional investors own 92.69% of the company’s stock.

American Tower Trading Up 0.1%

NYSE AMT opened at $170.74 on Friday. American Tower Corporation has a twelve month low of $165.08 and a twelve month high of $234.33. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market cap of $79.54 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 0.71 and a beta of 0.90. The firm’s 50 day moving average price is $177.80 and its two-hundred day moving average price is $179.11.

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

American Tower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were issued a dividend of $1.79 per share. The ex-dividend date was Tuesday, April 14th. This represents a $7.16 annualized dividend and a dividend yield of 4.2%. This is an increase from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio is presently 115.67%.

Insider Activity

In other news, EVP Ruth T. Dowling sold 556 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total transaction of $99,234.88. Following the transaction, the executive vice president directly owned 29,877 shares in the company, valued at $5,332,446.96. The trade was a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur purchased 2,671 shares of the 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 completion of the acquisition, the director owned 4,936 shares in the company, valued at $914,640.80. This represents a 117.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 42,181 shares of company stock worth $8,046,071 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on AMT shares. Morgan Stanley lowered 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 report on Wednesday, February 25th. Citizens Jmp reiterated a “market outperform” rating and set a $260.00 price objective on shares of American Tower in a research report on Wednesday, April 29th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $195.00 price objective on shares of American Tower in a research report on Thursday, April 30th. BMO Capital Markets lifted their price objective on shares of American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 25th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $240.00 price objective on shares of American Tower in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $218.05.

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.