6,000 Shares in American Tower Corporation $AMT Bought by AR Asset Management Inc.

AR Asset Management Inc. purchased a new position in shares of American Tower Corporation (NYSE:AMT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,000 shares of the real estate investment trust’s stock, valued at approximately $1,035,000.

Other institutional investors have also modified their holdings of the company. Oakworth Capital Inc. lifted its stake in American Tower by 90.7% in the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 68 shares in the last quarter. Richards Merrill & Peterson Inc. bought a new stake in shares of American Tower during the fourth quarter worth $25,000. Swiss RE Ltd. bought a new stake in shares of American Tower during the fourth quarter worth $25,000. Triumph Capital Management acquired a new stake in shares of American Tower during the third quarter worth $29,000. Finally, Acumen Wealth Advisors LLC bought a new stake in American Tower in the 4th quarter valued at $29,000. Institutional investors own 92.69% of the company’s stock.

American Tower Stock Performance

AMT opened at $166.24 on Thursday. The business’s 50-day simple moving average is $176.97 and its 200 day simple moving average is $178.50. American Tower Corporation has a 52-week low of $160.06 and a 52-week high of $234.33. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market capitalization of $77.45 billion, a PE ratio of 26.86, a PEG ratio of 0.68 and a beta of 0.91.

American Tower (NYSE:AMT) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, topping the consensus estimate of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the previous year, the firm earned $2.75 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, sell-side analysts expect that American Tower Corporation will post 10.66 earnings per share for the current fiscal year.

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Friday, June 12th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Friday, June 12th. American Tower’s payout ratio is presently 115.67%.

Analysts Set New Price Targets

A number of research firms have issued reports on AMT. Mizuho upgraded American Tower from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $189.00 to $205.00 in a report on Wednesday, April 15th. The Goldman Sachs Group initiated coverage on American Tower in a report on Friday, June 26th. They set a “buy” rating and a $215.00 price objective for the company. Weiss Ratings upgraded American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Jefferies Financial Group upped their price target on American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Finally, Barclays lowered their price objective on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, American Tower has an average rating of “Moderate Buy” and an average target price of $215.57.

Insider Transactions at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 416 shares of the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total value of $73,856.64. Following the completion of the sale, the executive vice president owned 29,461 shares in the company, valued at $5,230,505.94. This trade represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company’s stock.

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.