Inspire Trust Co. N.A. Has $2.70 Million Position in American Tower Corporation $AMT

Inspire Trust Co. N.A. boosted its position in shares of American Tower Corporation (NYSE:AMT) by 24.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,400 shares of the real estate investment trust’s stock after purchasing an additional 3,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in American Tower were worth $2,704,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Oakworth Capital Inc. grew its holdings in American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 68 shares during the period. Richards Merrill & Peterson Inc. acquired a new position in shares of American Tower in the fourth quarter valued at approximately $25,000. Triumph Capital Management acquired a new position in shares of American Tower in the third quarter valued at approximately $29,000. Holos Integrated Wealth LLC acquired a new position in shares of American Tower in the fourth quarter valued at approximately $27,000. Finally, Westside Investment Management Inc. boosted its holdings in shares of American Tower by 103.6% in the third quarter. Westside Investment Management Inc. now owns 169 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AMT shares. Truist Financial upped their price target on shares of American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Sanford C. Bernstein upgraded shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price target for the company in a report on Tuesday, May 19th. UBS Group reduced their price target on shares of American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $195.00 price target on shares of American Tower in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, American Tower presently has an average rating of “Moderate Buy” and a consensus target price of $216.20.

American Tower Stock Performance

Shares of AMT opened at $187.00 on Friday. American Tower Corporation has a 12 month low of $165.08 and a 12 month high of $234.33. The firm has a fifty day simple moving average of $177.55 and a 200 day simple moving average of $179.31. The stock has a market capitalization of $87.12 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 0.77 and a beta of 0.90. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the prior year, the company posted $2.75 earnings per share. The firm’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. Research analysts forecast that American Tower Corporation will post 10.67 EPS for the current fiscal year.

American Tower Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be issued a dividend of $1.79 per share. The ex-dividend date is Friday, June 12th. This represents a $7.16 annualized dividend and a yield of 3.8%. American Tower’s dividend payout ratio is presently 115.67%.

Insider Buying and Selling

In related news, COO Eugene M. Noel sold 41,209 shares of the 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 completion of the transaction, the chief operating officer owned 29,592 shares in the company, valued at approximately $5,653,551.60. This represents a 58.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ruth T. Dowling sold 556 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total transaction of $99,234.88. Following the transaction, the executive vice president owned 29,877 shares of the company’s stock, valued at $5,332,446.96. The trade was a 1.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 42,181 shares of company stock worth $8,046,071. 0.08% of the stock is owned by insiders.

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.