Douglas Lane & Associates LLC Has $75.97 Million Stock Holdings in American Tower Corporation $AMT

Douglas Lane & Associates LLC grew its position in American Tower Corporation (NYSE:AMT) by 4.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 432,694 shares of the real estate investment trust’s stock after purchasing an additional 19,402 shares during the period. American Tower comprises approximately 1.0% of Douglas Lane & Associates LLC’s holdings, making the stock its 26th biggest holding. Douglas Lane & Associates LLC owned about 0.09% of American Tower worth $75,968,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AMT. Lazard Asset Management LLC boosted its stake in shares of American Tower by 1,984.8% in the 3rd quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock valued at $858,552,000 after purchasing an additional 4,250,242 shares in the last quarter. Viking Global Investors LP boosted its stake in shares of American Tower by 233.5% in the 2nd quarter. Viking Global Investors LP now owns 2,797,125 shares of the real estate investment trust’s stock valued at $618,221,000 after purchasing an additional 1,958,329 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of American Tower in the 3rd quarter valued at $305,872,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of American Tower by 35.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,796,007 shares of the real estate investment trust’s stock valued at $537,728,000 after buying an additional 724,504 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of American Tower by 733.1% in the third quarter. Two Sigma Investments LP now owns 804,761 shares of the real estate investment trust’s stock valued at $154,772,000 after buying an additional 708,158 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Stock Performance

Shares of NYSE:AMT opened at $180.17 on Friday. The stock has a market capitalization of $83.97 billion, a P/E ratio of 33.43, a P/E/G ratio of 0.74 and a beta of 0.92. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33. 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 has a 50-day moving average price of $180.78 and a two-hundred day moving average price of $181.30.

American Tower (NYSE:AMT) last announced 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 firm had revenue of $2.74 billion for 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%.The business’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 firm posted $2.62 earnings per share. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Equities analysts predict that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Increases Dividend

The business 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 $1.79 dividend. This is a boost from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.0%. American Tower’s dividend payout ratio (DPR) is currently 126.16%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Sanford C. Bernstein assumed coverage on American Tower in a report on Thursday, March 5th. They issued a “market perform” rating and a $205.00 price target for the company. Jefferies Financial Group lifted their price target on American Tower from $200.00 to $209.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Mizuho cut their price target on American Tower from $217.00 to $189.00 and set a “neutral” rating for the company in a report on Monday, January 12th. Morgan Stanley dropped their price objective on American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Finally, Truist Financial initiated coverage on American Tower in a report on Tuesday, March 31st. They set a “buy” rating and a $205.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $216.76.

Insider Transactions at American Tower

In other news, 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 directly owned 29,592 shares of the company’s stock, valued at $5,653,551.60. This represents a 58.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Rajesh Kalathur purchased 2,671 shares of the stock in a transaction dated Tuesday, March 10th. The stock was bought at an average cost of $185.30 per share, with a total value of $494,936.30. Following the completion of the purchase, the director owned 4,936 shares in the company, valued at $914,640.80. The trade was a 117.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate 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.