Ables Iannone Moore & Associates Inc. Grows Stock Holdings in American Tower Corporation $AMT

Ables Iannone Moore & Associates Inc. boosted its position in shares of American Tower Corporation (NYSE:AMT) by 28.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,731 shares of the real estate investment trust’s stock after acquiring an additional 4,858 shares during the quarter. American Tower accounts for approximately 2.1% of Ables Iannone Moore & Associates Inc.’s investment portfolio, making the stock its 11th biggest position. Ables Iannone Moore & Associates Inc.’s holdings in American Tower were worth $3,815,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Abound Wealth Management lifted its stake in American Tower by 137.3% during the third quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 81 shares during the last quarter. Holos Integrated Wealth LLC acquired a new stake in American Tower during the fourth quarter worth approximately $27,000. Triumph Capital Management acquired a new stake in American Tower during the third quarter worth approximately $29,000. Root Financial Partners LLC purchased a new stake in shares of American Tower during the 3rd quarter worth approximately $32,000. Finally, Physician Wealth Advisors Inc. boosted its holdings in shares of American Tower by 85.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 171 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 79 shares in the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Raymond James Financial dropped 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. Morgan Stanley decreased their price objective on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. JPMorgan Chase & Co. dropped their price objective on American Tower from $250.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. New Street Research raised American Tower from a “neutral” rating to a “buy” rating and set a $203.00 target price for the company in a report on Monday, January 5th. Finally, Scotiabank decreased their target price on American Tower from $220.00 to $214.00 and set a “sector outperform” rating for the company in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $217.35.

American Tower Trading Up 1.1%

Shares of AMT stock opened at $182.70 on Friday. The company has a market capitalization of $85.15 billion, a P/E ratio of 33.90, a price-to-earnings-growth ratio of 0.76 and a beta of 0.92. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27. The business’s 50 day moving average is $182.24 and its two-hundred day moving average is $183.66. American Tower Corporation has a twelve month low of $166.88 and a twelve month high of $234.33.

American Tower (NYSE:AMT) last issued its quarterly earnings results 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 company had revenue of $2.74 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business earned $2.62 earnings per share. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Equities analysts forecast that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Increases Dividend

The company 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. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.9%. This is a positive change from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date is Tuesday, April 14th. American Tower’s dividend payout ratio (DPR) is presently 126.16%.

Insider Transactions at American Tower

In other American Tower news, Director Rajesh Kalathur acquired 2,671 shares of the stock in a transaction on Tuesday, March 10th. The shares were bought at an average price of $185.30 per share, with a total value of $494,936.30. Following the acquisition, the director owned 4,936 shares of the company’s stock, valued at $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer directly owned 29,592 shares of the company’s stock, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.17% of the company’s stock.

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.