Aberdeen Group plc Increases Holdings in American Tower Corporation $AMT

Aberdeen Group plc boosted its holdings in shares of American Tower Corporation (NYSE:AMT) by 13.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 824,998 shares of the real estate investment trust’s stock after acquiring an additional 98,347 shares during the period. Aberdeen Group plc owned about 0.18% of American Tower worth $144,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in AMT. Vanguard Group Inc. grew its holdings in shares of American Tower by 1.0% during the third quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust’s stock valued at $12,239,277,000 after buying an additional 611,801 shares during the last quarter. Invesco Ltd. increased its holdings in American Tower by 3.1% in the third quarter. Invesco Ltd. now owns 6,888,633 shares of the real estate investment trust’s stock valued at $1,324,822,000 after buying an additional 208,109 shares in the last quarter. Capital Research Global Investors increased its stake in shares of American Tower by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 4,924,771 shares of the real estate investment trust’s stock valued at $947,132,000 after purchasing an additional 15,145 shares in the last quarter. Legal & General Group Plc raised its stake in shares of American Tower by 3.5% during the 3rd quarter. Legal & General Group Plc now owns 4,653,248 shares of the real estate investment trust’s stock worth $894,913,000 after buying an additional 159,223 shares during the period. Finally, Lazard Asset Management LLC raised its position in American Tower by 1,984.8% during the third quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock worth $858,552,000 after acquiring an additional 4,250,242 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other American Tower news, COO Eugene M. Noel sold 41,209 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the completion of the transaction, the chief operating officer owned 29,592 shares in the company, valued at $5,653,551.60. The trade was a 58.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rajesh Kalathur bought 2,671 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average price of $185.30 per share, with a total value of $494,936.30. Following the purchase, the director owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. This represents a 117.92% increase in their position. The SEC filing for this purchase provides additional information. 0.17% of the stock is owned by insiders.

American Tower Price Performance

American Tower stock opened at $173.73 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27. American Tower Corporation has a 52-week low of $165.08 and a 52-week high of $234.33. The firm has a market cap of $80.97 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 0.72 and a beta of 0.92. The company’s 50 day moving average is $181.12 and its two-hundred day moving average is $181.93.

American Tower (NYSE:AMT) last posted its quarterly earnings results 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 return on equity of 24.36% and a net margin of 23.76%.The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the firm earned $2.62 EPS. The business’s revenue was up 7.5% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, research analysts expect that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 4.1%. This is a positive change from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Tuesday, April 14th. American Tower’s dividend payout ratio is 126.16%.

Wall Street Analyst Weigh In

AMT has been the topic of a number of research reports. UBS Group decreased their price objective on American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Jefferies Financial Group upped their price objective on American Tower from $200.00 to $209.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Raymond James Financial dropped their price target on shares of American Tower from $231.00 to $229.00 and set a “strong-buy” rating for the company in a research report on Friday, January 23rd. New Street Research raised American Tower from a “neutral” rating to a “buy” rating and set a $203.00 target price on the stock in a research report on Monday, January 5th. Finally, Truist Financial started coverage on American Tower in a research note on Tuesday. They set a “buy” rating and a $205.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, American Tower currently has a consensus rating of “Moderate Buy” and an average target price of $216.76.

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.