Nuveen LLC Trims Holdings in American Tower Corporation $AMT

Nuveen LLC reduced its holdings in shares of American Tower Corporation (NYSE:AMT) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,972,648 shares of the real estate investment trust’s stock after selling 106,107 shares during the quarter. Nuveen LLC’s holdings in American Tower were worth $697,478,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Richards Merrill & Peterson Inc. purchased a new position in shares of American Tower during the 4th quarter valued at approximately $25,000. Oakworth Capital Inc. lifted its stake 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 worth $25,000 after purchasing an additional 68 shares during the last quarter. Holos Integrated Wealth LLC bought a new position in American Tower during the fourth quarter worth $27,000. Triumph Capital Management bought a new position in American Tower during 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 hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Sanford C. Bernstein raised American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 target price on the stock in a research report on Tuesday, May 19th. Barclays dropped their target price on 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. Jefferies Financial Group increased their target price on American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Weiss Ratings raised American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $189.00 to $205.00 in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, American Tower presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.20.

American Tower Price Performance

Shares of NYSE AMT opened at $189.65 on Friday. The firm has a market capitalization of $88.35 billion, a PE ratio of 30.64, a P/E/G ratio of 0.80 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. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33. The business’s fifty day moving average price is $180.69 and its two-hundred day moving average price is $179.87.

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

American Tower Announces Dividend

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

Insider Activity at American Tower

In other news, EVP Ruth T. Dowling sold 556 shares of the firm’s 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 directly owned 29,877 shares of the company’s stock, valued at approximately $5,332,446.96. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Company 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.