American Tower Corporation $AMT Shares Sold by Andra AP fonden

Andra AP fonden cut its position in American Tower Corporation (NYSE:AMT) by 14.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,089 shares of the real estate investment trust’s stock after selling 14,500 shares during the period. Andra AP fonden’s holdings in American Tower were worth $16,172,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of American Tower by 8.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,793 shares of the real estate investment trust’s stock valued at $18,615,000 after purchasing an additional 7,872 shares during the period. Eastern Bank increased its position in American Tower by 69.6% during the third quarter. Eastern Bank now owns 139,091 shares of the real estate investment trust’s stock worth $26,750,000 after buying an additional 57,078 shares during the period. Machina Capital S.A.S. purchased a new stake in American Tower in the third quarter valued at approximately $2,871,000. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of American Tower by 92.4% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 61,397 shares of the real estate investment trust’s stock valued at $11,808,000 after acquiring an additional 29,486 shares during the period. Finally, Krilogy Financial LLC acquired a new position in American Tower in the third quarter valued at $1,044,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of American Tower from $200.00 to $209.00 and gave the company a “buy” rating in a research report on Thursday. Barclays restated an “equal weight” rating and issued a $200.00 target price (down from $203.00) on shares of American Tower in a research note on Monday, December 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of American Tower in a research note on Monday, December 29th. BMO Capital Markets raised their price target on American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, Morgan Stanley dropped their price objective on American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, American Tower presently has an average rating of “Moderate Buy” and a consensus price target of $218.00.

Insider Activity

In related news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the transaction, the insider owned 211,379 shares of the company’s stock, valued at approximately $14,743,685.25. This represents a 91.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

American Tower Trading Up 3.6%

Shares of AMT opened at $191.72 on Friday. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.89. American Tower Corporation has a 1-year low of $166.88 and a 1-year high of $234.33. The stock has a market cap of $89.76 billion, a price-to-earnings ratio of 35.57, a price-to-earnings-growth ratio of 0.78 and a beta of 0.93. The firm has a 50 day simple moving average of $179.11 and a 200-day simple moving average of $185.66.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.79). American Tower had a net margin of 23.76% and a return on equity of 24.36%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the company posted $2.62 EPS. American Tower’s quarterly revenue was up 7.5% compared to the same quarter last year. 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 fiscal year.

American Tower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, December 29th were given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, December 29th. American Tower’s payout ratio is currently 126.16%.

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.