American Tower Corporation $AMT Shares Acquired by B&I Capital AG

B&I Capital AG boosted its stake in American Tower Corporation (NYSE:AMT) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,240 shares of the real estate investment trust’s stock after buying an additional 3,580 shares during the period. American Tower accounts for approximately 11.7% of B&I Capital AG’s investment portfolio, making the stock its largest holding. B&I Capital AG’s holdings in American Tower were worth $34,311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nuveen LLC acquired a new stake in shares of American Tower in the 1st quarter worth about $991,525,000. JPMorgan Chase & Co. grew its position in American Tower by 24.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,666,082 shares of the real estate investment trust’s stock worth $2,799,458,000 after purchasing an additional 2,474,328 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of American Tower by 39.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,144,040 shares of the real estate investment trust’s stock valued at $1,772,144,000 after purchasing an additional 2,309,627 shares during the period. Alyeska Investment Group L.P. bought a new stake in shares of American Tower during the first quarter valued at approximately $162,127,000. Finally, Amundi boosted its position in shares of American Tower by 35.5% during the first quarter. Amundi now owns 2,838,421 shares of the real estate investment trust’s stock worth $645,694,000 after buying an additional 743,617 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Trading Up 0.9%

Shares of AMT stock opened at $181.39 on Thursday. The stock has a 50-day simple moving average of $186.05 and a 200 day simple moving average of $203.08. The stock has a market capitalization of $84.92 billion, a P/E ratio of 28.98, a P/E/G ratio of 1.08 and a beta of 0.85. American Tower Corporation has a fifty-two week low of $172.51 and a fifty-two week high of $234.33. The company has a quick ratio of 0.95, a current ratio of 0.89 and a debt-to-equity ratio of 3.24.

American Tower (NYSE:AMT) last issued its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.14. American Tower had a net margin of 28.11% and a return on equity of 28.79%. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.65 billion. American Tower’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.52 EPS. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. On average, sell-side analysts expect that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Tuesday, September 30th were issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Tuesday, September 30th. American Tower’s dividend payout ratio (DPR) is presently 108.63%.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMT. Wall Street Zen upgraded American Tower from a “sell” rating to a “hold” rating in a research report on Sunday, October 12th. Raymond James Financial reissued a “strong-buy” rating and set a $231.00 price target (down from $250.00) on shares of American Tower in a report on Wednesday, October 29th. BMO Capital Markets reduced their price objective on shares of American Tower from $220.00 to $215.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. UBS Group reiterated a “buy” rating and issued a $260.00 target price on shares of American Tower in a research report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Tower in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $228.44.

Insider Transactions at American Tower

In related news, Director Eugene F. Reilly purchased 5,554 shares of the company’s stock in a transaction on Friday, October 31st. The shares were bought at an average price of $178.99 per share, with a total value of $994,110.46. Following the completion of the acquisition, the director owned 5,689 shares of the company’s stock, valued at approximately $1,018,274.11. This represents a 4,114.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.17% of the company’s stock.

American Tower Company Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.