RWC Asset Management LLP Has $35.28 Million Position in American Tower Corporation $AMT

RWC Asset Management LLP trimmed its position in American Tower Corporation (NYSE:AMT) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 200,944 shares of the real estate investment trust’s stock after selling 6,510 shares during the period. American Tower makes up approximately 1.7% of RWC Asset Management LLP’s investment portfolio, making the stock its 16th biggest holding. RWC Asset Management LLP’s holdings in American Tower were worth $35,280,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AMT. Richards Merrill & Peterson Inc. acquired a new position in shares of American Tower in the 4th quarter valued at $25,000. Oakworth Capital Inc. grew its stake in 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 acquiring an additional 68 shares during the period. Holos Integrated Wealth LLC acquired a new stake in shares of American Tower during the fourth quarter worth about $27,000. Triumph Capital Management acquired a new position in shares of American Tower in the 3rd quarter valued at approximately $29,000. Finally, Lloyd Advisory Services LLC. bought a new stake in American Tower during the 4th quarter worth approximately $30,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMT has been the subject of several research analyst reports. TD Cowen reduced their price target on shares of American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. JPMorgan Chase & Co. lowered their target price on American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Royal Bank Of Canada restated a “sector perform” rating and issued a $195.00 price target on shares of American Tower in a report on Thursday, April 30th. Jefferies Financial Group increased their price objective on American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Finally, Sanford C. Bernstein raised American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price target for the company in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $216.20.

Insider Buying and Selling at American Tower

In related news, Director Rajesh Kalathur bought 2,671 shares of American Tower stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average price of $185.30 per share, with a total value of $494,936.30. Following the acquisition, the director owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. This represents a 117.92% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $73,856.64. Following the completion of the transaction, the executive vice president owned 29,461 shares in the company, valued at approximately $5,230,505.94. This trade represents a 1.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company’s stock.

American Tower Price Performance

Shares of AMT opened at $193.88 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’s fifty day simple moving average is $179.08 and its 200 day simple moving average is $179.58. The company has a market cap of $90.33 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 0.81 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 results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.American Tower’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, research analysts forecast that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, June 12th. American Tower’s dividend payout ratio is 115.67%.

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.