Lasalle Investment Management Securities LLC Has $92.63 Million Holdings in American Tower Corporation $AMT

Lasalle Investment Management Securities LLC raised its position in shares of American Tower Corporation (NYSE:AMT) by 9.2% in the fourth quarter, Holdings Channel reports. The firm owned 527,616 shares of the real estate investment trust’s stock after acquiring an additional 44,300 shares during the quarter. American Tower accounts for 3.7% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 8th biggest holding. Lasalle Investment Management Securities LLC’s holdings in American Tower were worth $92,634,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AMT. Northwestern Mutual Wealth Management Co. increased its stake in American Tower by 20,721.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock valued at $1,705,254,000 after purchasing an additional 9,666,025 shares in the last quarter. Norges Bank bought a new stake in American Tower during the 4th quarter valued at about $1,171,180,000. Lazard Asset Management LLC increased its stake in American Tower by 1,984.8% during the 3rd quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock valued at $858,552,000 after purchasing an additional 4,250,242 shares in the last quarter. Viking Global Investors LP increased its stake in American Tower by 233.5% during the 2nd quarter. Viking Global Investors LP now owns 2,797,125 shares of the real estate investment trust’s stock valued at $618,221,000 after purchasing an additional 1,958,329 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in American Tower during the 3rd quarter valued at about $305,872,000. 92.69% of the stock is currently owned by institutional investors.

American Tower Stock Performance

AMT opened at $186.87 on Monday. 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 $87.06 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 0.78 and a beta of 0.90. The company’s 50 day moving average is $177.67 and its 200 day moving average is $179.36. American Tower Corporation has a 12-month low of $165.08 and a 12-month 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 analysts’ consensus estimates of $1.60 by $1.24. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, equities research analysts predict that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Dividend Announcement

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

Insider Buying and Selling

In other news, Director Rajesh Kalathur purchased 2,671 shares of the stock in a transaction on Tuesday, March 10th. The shares were acquired at an average price of $185.30 per share, with a total value of $494,936.30. Following the completion of the acquisition, the director directly owned 4,936 shares of the company’s stock, valued at $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Ruth T. Dowling sold 556 shares of American Tower stock in a transaction that occurred 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. This represents 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. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMT. Raymond James Financial reiterated a “strong-buy” rating and issued a $240.00 price target on shares of American Tower in a research note on Wednesday, April 29th. BMO Capital Markets lifted their price target on shares of American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 25th. Barclays reduced their price target on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Citizens Jmp reiterated a “market outperform” rating and issued a $260.00 price target on shares of American Tower in a research note on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $216.20.

About American Tower

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.