American Tower Corporation $AMT Position Raised by American Century Companies Inc.

American Century Companies Inc. increased its position in shares of American Tower Corporation (NYSE:AMT) by 16.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,892,296 shares of the real estate investment trust’s stock after acquiring an additional 265,324 shares during the period. American Century Companies Inc. owned approximately 0.40% of American Tower worth $363,927,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Harvest Portfolios Group Inc. boosted its position in shares of American Tower by 2.5% in the third quarter. Harvest Portfolios Group Inc. now owns 12,566 shares of the real estate investment trust’s stock worth $2,417,000 after buying an additional 308 shares during the period. Quantbot Technologies LP acquired a new position in American Tower during the third quarter valued at $10,006,000. Ninepoint Partners LP lifted its stake in American Tower by 4.0% in the 3rd quarter. Ninepoint Partners LP now owns 12,214 shares of the real estate investment trust’s stock worth $2,349,000 after acquiring an additional 472 shares in the last quarter. Allianz SE boosted its position in American Tower by 0.5% during the 3rd quarter. Allianz SE now owns 59,889 shares of the real estate investment trust’s stock worth $11,518,000 after acquiring an additional 310 shares during the period. Finally, Integrated Advisors Network LLC grew its stake in American Tower by 5.2% during the 3rd quarter. Integrated Advisors Network LLC now owns 10,405 shares of the real estate investment trust’s stock valued at $2,001,000 after acquiring an additional 516 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Tower

In other news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of American Tower stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $69.75, for a total value of $159,631,314.75. Following the completion of the transaction, the insider owned 211,379 shares of the company’s stock, valued at $14,743,685.25. This trade represents a 91.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.17% of the company’s stock.

American Tower Trading Up 3.6%

NYSE AMT opened at $191.72 on Friday. The stock’s 50-day moving average is $179.11 and its 200-day moving average is $185.66. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.89. American Tower Corporation has a one year low of $166.88 and a one year high of $234.33. The firm has a market cap of $89.76 billion, a P/E ratio of 35.57, a P/E/G ratio of 0.78 and a beta of 0.93.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing the consensus estimate of $2.54 by ($0.79). American Tower had a net margin of 23.76% and a return on equity of 24.36%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the prior year, the firm posted $2.62 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Sell-side analysts anticipate that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, December 29th were given a $1.70 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.5%. American Tower’s payout ratio is currently 126.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AMT shares. Morgan Stanley lowered their price target on American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday. Royal Bank Of Canada cut their price target on American Tower from $220.00 to $195.00 and set a “sector perform” rating for the company in a report on Monday, January 12th. Raymond James Financial decreased their target price on shares of American Tower from $231.00 to $229.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 23rd. The Goldman Sachs Group decreased their price target on American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. reduced their price target on shares of American Tower from $250.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.00.

American Tower 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.