Nomura Asset Management Co. Ltd. Has $28.24 Million Stock Position in American Tower Corporation $AMT

Nomura Asset Management Co. Ltd. trimmed its position in American Tower Corporation (NYSE:AMT) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 160,858 shares of the real estate investment trust’s stock after selling 3,991 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in American Tower were worth $28,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Richards Merrill & Peterson Inc. acquired a new stake in shares of American Tower in the fourth quarter worth $25,000. Oakworth Capital Inc. lifted its stake 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 worth $25,000 after buying an additional 68 shares during the last quarter. Holos Integrated Wealth LLC acquired a new stake in shares of American Tower in the fourth quarter worth $27,000. Triumph Capital Management acquired a new stake in shares of American Tower in the third quarter worth $29,000. Finally, Lloyd Advisory Services LLC. bought a new position in American Tower during the fourth quarter worth $30,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMT has been the topic of a number of research reports. Scotiabank boosted their target price on shares of American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Mizuho raised shares of American Tower from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $189.00 to $205.00 in a research report on Wednesday, April 15th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $240.00 target price on shares of American Tower in a research report on Wednesday, April 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $195.00 target price on shares of American Tower in a research report on Thursday, April 30th. Finally, Barclays dropped their target price on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $216.20.

American Tower Trading Up 0.4%

Shares of American Tower stock opened at $187.79 on Tuesday. The firm has a market capitalization of $87.49 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 0.78 and a beta of 0.90. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. The company’s fifty day moving average price is $177.78 and its two-hundred day moving average price is $179.38. American Tower Corporation has a 52-week low of $165.08 and a 52-week high of $234.33.

American Tower (NYSE:AMT) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (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 firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the previous year, the firm posted $2.75 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, analysts expect that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Stockholders 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 annualized dividend and a dividend yield of 3.8%. American Tower’s dividend payout ratio is presently 115.67%.

Insider Activity

In other news, EVP Ruth T. Dowling sold 416 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total value of $73,856.64. Following the sale, the executive vice president owned 29,461 shares of the company’s stock, valued at approximately $5,230,505.94. This represents a 1.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur bought 2,671 shares of the stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the acquisition, the director owned 4,936 shares in the company, valued at $914,640.80. The trade was a 117.92% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.08% of the stock is currently owned by corporate 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.