6,352 Shares in American Tower Corporation $AMT Acquired by 111 Capital

111 Capital purchased a new stake in American Tower Corporation (NYSE:AMT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,352 shares of the real estate investment trust’s stock, valued at approximately $1,222,000.

Several other institutional investors also recently bought and sold shares of the business. Abound Wealth Management lifted its holdings in shares of American Tower by 137.3% during the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 81 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in American Tower in the 2nd quarter valued at $31,000. Root Financial Partners LLC purchased a new position in American Tower in the third quarter valued at about $32,000. Physician Wealth Advisors Inc. lifted its stake in shares of American Tower by 85.9% during the third quarter. Physician Wealth Advisors Inc. now owns 171 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 79 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its stake in shares of American Tower by 103.6% during the third quarter. Westside Investment Management Inc. now owns 169 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 86 shares in the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American Tower

In other American Tower news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was 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 $14,743,685.25. This trade represents a 91.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

AMT has been the subject of a number of recent research reports. Morgan Stanley lowered their target price on 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. decreased their price target on American Tower from $250.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Mizuho lowered their price objective on shares of American Tower from $217.00 to $189.00 and set a “neutral” rating for the company in a research report on Monday, January 12th. UBS Group reduced their target price on shares of American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Finally, Raymond James Financial decreased their target price on shares of American Tower from $231.00 to $229.00 and set a “strong-buy” rating for the company in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.00.

American Tower Stock Up 3.6%

AMT stock opened at $191.72 on Monday. 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 firm has a 50 day simple moving average of $179.11 and a 200-day simple moving average of $185.40. The company has a market capitalization of $89.76 billion, a P/E ratio of 35.57, a PEG ratio of 0.81 and a beta of 0.92. American Tower Corporation has a twelve month low of $166.88 and a twelve month high of $234.33.

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

American Tower Announces Dividend

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

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.