Focus Partners Advisor Solutions LLC Has $1.85 Million Stake in American Tower Corporation $AMT

Focus Partners Advisor Solutions LLC lifted its position in shares of American Tower Corporation (NYSE:AMT) by 114.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,138 shares of the real estate investment trust’s stock after purchasing an additional 5,407 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in American Tower were worth $1,852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AMT. Kingsview Wealth Management LLC lifted its holdings in shares of American Tower by 3.2% during the third quarter. Kingsview Wealth Management LLC now owns 44,237 shares of the real estate investment trust’s stock worth $8,508,000 after buying an additional 1,360 shares in the last quarter. 111 Capital acquired a new stake in American Tower in the 3rd quarter worth about $1,222,000. Elo Mutual Pension Insurance Co raised its stake in American Tower by 2.0% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 35,958 shares of the real estate investment trust’s stock worth $6,915,000 after purchasing an additional 722 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of American Tower by 0.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,835,008 shares of the real estate investment trust’s stock worth $352,909,000 after purchasing an additional 14,738 shares in the last quarter. Finally, APG Asset Management N.V. grew its position in shares of American Tower by 0.7% during the 3rd quarter. APG Asset Management N.V. now owns 318,365 shares of the real estate investment trust’s stock worth $61,228,000 after purchasing an additional 2,200 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

American Tower Stock Performance

NYSE:AMT opened at $187.52 on Friday. American Tower Corporation has a twelve month low of $166.88 and a twelve month high of $234.33. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27. The stock’s 50-day simple moving average is $180.35 and its 200 day simple moving average is $185.25. The firm has a market capitalization of $87.79 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 0.80 and a beta of 0.92.

American Tower (NYSE:AMT) last issued its 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 for the quarter, compared to analyst estimates of $2.69 billion. During the same period in the previous year, the firm posted $2.62 EPS. The firm’s 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. On average, analysts anticipate that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Tuesday, April 14th. This is a boost from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.8%. American Tower’s payout ratio is presently 126.16%.

Insider Buying and Selling at American Tower

In other news, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction on 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 transaction, the chief operating officer directly owned 29,592 shares in the company, valued at approximately $5,653,551.60. This represents a 58.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $69.75, for a total value of $159,631,314.75. Following the sale, the insider directly owned 211,379 shares in the company, valued at approximately $14,743,685.25. This trade represents a 91.54% decrease in their position. The SEC filing for this sale provides additional information. 0.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AMT has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on American Tower from $200.00 to $209.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Scotiabank cut their target price on American Tower from $220.00 to $214.00 and set a “sector outperform” rating for the company in a research report on Wednesday, February 25th. The Goldman Sachs Group reduced their target price on American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, January 16th. UBS Group dropped their price target on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Tower in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $217.35.

American Tower 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.