OneDigital Investment Advisors LLC Acquires Shares of 7,322 American Tower Corporation $AMT

OneDigital Investment Advisors LLC acquired a new stake in American Tower Corporation (NYSE:AMT) during the second quarter, Holdings Channel.com reports. The firm acquired 7,322 shares of the real estate investment trust’s stock, valued at approximately $1,198,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Riverwater Partners LLC increased its holdings in American Tower by 3.8% in the fourth quarter. Riverwater Partners LLC now owns 1,536 shares of the real estate investment trust’s stock valued at $270,000 after buying an additional 56 shares during the last quarter. Triumph Capital Management lifted its holdings in American Tower by 37.3% during the 4th 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 last quarter. Twin City Private Wealth LLC boosted its position in shares of American Tower by 0.7% during the 4th quarter. Twin City Private Wealth LLC now owns 7,799 shares of the real estate investment trust’s stock worth $1,382,000 after acquiring an additional 58 shares in the last quarter. Asset Advisory Group Inc. boosted its position in shares of American Tower by 3.0% during the 1st quarter. Asset Advisory Group Inc. now owns 2,072 shares of the real estate investment trust’s stock worth $358,000 after acquiring an additional 60 shares in the last quarter. Finally, Argent Advisors Inc. increased its holdings in shares of American Tower by 0.9% in the 4th quarter. Argent Advisors Inc. now owns 6,625 shares of the real estate investment trust’s stock valued at $1,163,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Buying and Selling

In related news, CFO Robert Joseph Meyer sold 5,000 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total transaction of $894,450.00. Following the completion of the sale, the chief financial officer directly owned 21,428 shares of the company’s stock, valued at $3,833,254.92. This trade represents a 18.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ruth T. Dowling sold 1,106 shares of American Tower stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total transaction of $193,505.76. Following the completion of the transaction, the executive vice president owned 27,711 shares in the company, valued at approximately $4,848,316.56. This trade represents a 3.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 6,791 shares of company stock worth $1,204,091. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

AMT has been the topic of several research analyst reports. Scotiabank reissued an “outperform” rating on shares of American Tower in a research report on Wednesday, July 29th. Jefferies Financial Group dropped their price target on shares of American Tower from $210.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Wolfe Research raised shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price objective on the stock in a report on Wednesday, July 8th. Royal Bank Of Canada upgraded 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. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $214.00 target price on shares of American Tower in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, American Tower currently has an average rating of “Moderate Buy” and an average price target of $215.14.

American Tower Price Performance

Shares of NYSE:AMT opened at $172.12 on Tuesday. American Tower Corporation has a one year low of $160.06 and a one year high of $214.79. The stock has a market capitalization of $80.20 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 2.79 and a beta of 0.90. The company has a 50-day simple moving average of $172.48 and a 200-day simple moving average of $177.87. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $1.14. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, analysts predict that American Tower Corporation will post 10.78 EPS for the current year.

American Tower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Friday, June 12th were paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, June 12th. American Tower’s dividend payout ratio (DPR) is 98.49%.

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.