ABC Arbitrage SA Has $2.69 Million Stake in American Tower Corporation $AMT

ABC Arbitrage SA boosted its stake in American Tower Corporation (NYSE:AMT) by 41.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,579 shares of the real estate investment trust’s stock after acquiring an additional 4,557 shares during the quarter. ABC Arbitrage SA’s holdings in American Tower were worth $2,689,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Riverwater Partners LLC raised its stake in shares of American Tower by 3.8% in the 4th quarter. Riverwater Partners LLC now owns 1,536 shares of the real estate investment trust’s stock valued at $270,000 after purchasing an additional 56 shares during the period. Triumph Capital Management boosted its position in shares of American Tower by 37.3% during the fourth quarter. Triumph Capital Management now owns 206 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 56 shares during the period. Personal CFO Solutions LLC boosted its position in shares of American Tower by 3.5% during the fourth quarter. Personal CFO Solutions LLC now owns 1,667 shares of the real estate investment trust’s stock worth $293,000 after buying an additional 57 shares during the period. Twin City Private Wealth LLC grew its holdings in shares of American Tower by 0.7% during the fourth quarter. Twin City Private Wealth LLC now owns 7,799 shares of the real estate investment trust’s stock worth $1,382,000 after buying an additional 58 shares in the last quarter. Finally, Asset Advisory Group Inc. raised its position in American Tower by 3.0% in the 1st quarter. Asset Advisory Group Inc. now owns 2,072 shares of the real estate investment trust’s stock valued at $358,000 after buying an additional 60 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other American Tower 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 in the company, valued at $5,332,446.96. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. The Goldman Sachs Group assumed coverage on American Tower in a research note on Friday, June 26th. They issued a “buy” rating and a $215.00 target price on the stock. Raymond James Financial reiterated a “strong-buy” rating and issued a $240.00 price objective on shares of American Tower in a report on Wednesday, April 29th. Royal Bank Of Canada raised shares of American Tower from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $195.00 to $205.00 in a research report on Friday, June 26th. Weiss Ratings cut shares of American Tower from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 29th. Finally, JPMorgan Chase & Co. decreased their target price on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $215.57.

American Tower Price Performance

NYSE:AMT opened at $169.47 on Tuesday. American Tower Corporation has a 12-month low of $160.06 and a 12-month high of $234.33. The firm has a market capitalization of $78.95 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 0.70 and a beta of 0.91. The stock’s 50 day moving average price is $178.39 and its two-hundred day moving average price is $178.90. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07.

American Tower (NYSE:AMT) last issued its 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 company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, analysts anticipate that American Tower Corporation will post 10.66 earnings per share for the current year.

American Tower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Friday, June 12th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, June 12th. American Tower’s payout ratio is 115.67%.

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.