Sei Investments Co. Increases Stock Holdings in American Tower Corporation $AMT

Sei Investments Co. increased its position in shares of American Tower Corporation (NYSE:AMT) by 8.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 867,418 shares of the real estate investment trust’s stock after purchasing an additional 63,924 shares during the period. Sei Investments Co.’s holdings in American Tower were worth $149,704,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. purchased a new stake in shares of American Tower in the 4th quarter valued at approximately $25,000. Oakworth Capital Inc. raised its position in shares of American Tower by 90.7% during the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 68 shares during the period. Swiss RE Ltd. acquired a new position in American Tower in the fourth quarter valued at approximately $25,000. Triumph Capital Management acquired a new position in American Tower in the third quarter valued at approximately $29,000. Finally, Acumen Wealth Advisors LLC purchased a new position in American Tower in the fourth quarter worth approximately $29,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

American Tower Stock Down 0.8%

American Tower stock opened at $164.72 on Friday. American Tower Corporation has a fifty-two week low of $160.06 and a fifty-two week high of $234.33. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a 50 day moving average price of $176.85 and a 200 day moving average price of $178.43. The company has a market capitalization of $76.74 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 0.69 and a beta of 0.91.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The company 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 company earned $2.75 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Research analysts expect that American Tower Corporation will post 10.66 earnings per share for the current year.

American Tower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Friday, June 12th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, June 12th. American Tower’s payout ratio is currently 115.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMT shares. Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $189.00 to $205.00 in a research note on Wednesday, April 15th. Royal Bank Of Canada raised American Tower from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $195.00 to $205.00 in a research note on Friday, June 26th. Wolfe Research upgraded American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price target for the company in a report on Wednesday, July 8th. JPMorgan Chase & Co. cut their price objective on American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, Barclays reduced their price objective 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 equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $215.57.

Insider Activity

In related news, EVP Ruth T. Dowling sold 416 shares of the stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total transaction of $73,856.64. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate 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.