American Tower Corporation $AMT Shares Sold by Skylands Capital LLC

Skylands Capital LLC lowered its position in shares of American Tower Corporation (NYSE:AMT) by 7.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,710 shares of the real estate investment trust’s stock after selling 5,020 shares during the quarter. American Tower accounts for approximately 1.3% of Skylands Capital LLC’s investment portfolio, making the stock its 20th largest position. Skylands Capital LLC’s holdings in American Tower were worth $10,132,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMT. CIBC Bancorp USA Inc. bought a new position in shares of American Tower in the third quarter valued at $35,633,000. Nordea Investment Management AB lifted its position in shares of American Tower by 10.4% during the 4th quarter. Nordea Investment Management AB now owns 1,743,321 shares of the real estate investment trust’s stock valued at $306,284,000 after acquiring an additional 164,645 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of American Tower by 4.7% during the 4th quarter. Legal & General Group Plc now owns 4,873,695 shares of the real estate investment trust’s stock worth $855,675,000 after acquiring an additional 220,447 shares in the last quarter. Rathbones Group PLC grew its holdings in shares of American Tower by 14.9% in the 4th quarter. Rathbones Group PLC now owns 474,216 shares of the real estate investment trust’s stock worth $83,258,000 after acquiring an additional 61,428 shares during the last quarter. Finally, Merit Financial Group LLC grew its holdings in shares of American Tower by 60.6% in the 4th quarter. Merit Financial Group LLC now owns 23,212 shares of the real estate investment trust’s stock worth $4,075,000 after acquiring an additional 8,758 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

American Tower Price Performance

Shares of AMT opened at $175.41 on Friday. The business’s 50-day moving average is $181.20 and its 200-day moving average is $179.83. 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 has a market capitalization of $81.72 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 0.73 and a beta of 0.90. American Tower Corporation has a fifty-two week low of $165.08 and a fifty-two week 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 the consensus estimate 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 net margin of 26.81% and a return on equity of 27.79%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company posted $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Equities research analysts expect that American Tower Corporation will post 10.66 EPS for the current fiscal year.

American Tower Dividend Announcement

The business 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 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, June 12th. American Tower’s payout ratio is currently 115.67%.

Insider Buying and Selling at American Tower

In other news, EVP Ruth T. Dowling sold 556 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total value 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 represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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

Several brokerages have recently commented on AMT. Raymond James Financial reaffirmed a “strong-buy” rating and set a $240.00 target price on shares of American Tower in a report on Wednesday, April 29th. Scotiabank boosted their price objective on American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Truist Financial upped their price objective on shares of American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. The Goldman Sachs Group initiated coverage on shares of American Tower in a report on Friday. They issued a “buy” rating and a $215.00 target price for the company. Finally, Barclays cut their price target on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $216.95.

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.