Aptus Capital Advisors LLC Increases Position in American Tower Corporation $AMT

Aptus Capital Advisors LLC grew its holdings in shares of American Tower Corporation (NYSE:AMT) by 3.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 149,633 shares of the real estate investment trust’s stock after purchasing an additional 4,642 shares during the period. Aptus Capital Advisors LLC’s holdings in American Tower were worth $28,787,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of American Tower by 113.0% in the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after acquiring an additional 2,104 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in American Tower by 34.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock worth $319,000 after purchasing an additional 368 shares in the last quarter. United Bank grew its position in American Tower by 12.7% during the 2nd quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock valued at $1,434,000 after purchasing an additional 733 shares during the last quarter. Ellevest Inc. grew its position in American Tower by 18.0% during the 2nd quarter. Ellevest Inc. now owns 2,206 shares of the real estate investment trust’s stock valued at $488,000 after purchasing an additional 337 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its stake in American Tower by 2.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,566 shares of the real estate investment trust’s stock valued at $567,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AMT. Weiss Ratings reiterated a “hold (c)” rating on shares of American Tower in a report on Monday, December 29th. Royal Bank Of Canada lowered their price objective on American Tower from $220.00 to $195.00 and set a “sector perform” rating on the stock in a research report on Monday, January 12th. TD Cowen cut their target price on American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. BMO Capital Markets boosted their price target on American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 25th. Finally, The Goldman Sachs Group dropped their price objective on American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, American Tower has an average rating of “Moderate Buy” and an average price target of $217.35.

Insiders Place Their Bets

In other American Tower news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the completion of the sale, the insider owned 211,379 shares of the company’s stock, valued at approximately $14,743,685.25. The trade was a 91.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $191.05, for a total value of $7,872,979.45. Following the completion of the sale, the chief operating officer owned 29,592 shares of the company’s stock, valued at approximately $5,653,551.60. The trade was a 58.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.17% of the company’s stock.

American Tower Trading Down 1.7%

Shares of NYSE:AMT opened at $187.52 on Friday. The stock’s 50-day simple moving average is $180.35 and its two-hundred day simple moving average is $185.25. The stock has a market capitalization of $87.79 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 0.80 and a beta of 0.92. American Tower Corporation has a 52-week low of $166.88 and a 52-week high of $234.33. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.60 and a current ratio of 0.60.

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

American Tower Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be paid a dividend of $1.79 per share. The ex-dividend date is Tuesday, April 14th. This represents a $7.16 annualized dividend and a dividend yield of 3.8%. This is a boost from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio is 126.16%.

About American Tower

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.