221,763 Shares in American Tower Corporation $AMT Purchased by Danske Bank A S

Danske Bank A S bought a new position in American Tower Corporation (NYSE:AMT) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 221,763 shares of the real estate investment trust’s stock, valued at approximately $42,649,000.

Other large investors have also recently modified their holdings of the company. Abound Wealth Management increased its position in shares of American Tower by 137.3% in the third quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 81 shares during the last quarter. Triumph Capital Management bought a new stake in American Tower during the third quarter valued at approximately $29,000. Root Financial Partners LLC purchased a new position in American Tower in the 3rd quarter worth approximately $32,000. Physician Wealth Advisors Inc. grew its stake in American Tower by 85.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 171 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 79 shares in the last quarter. Finally, Westside Investment Management Inc. increased its holdings in shares of American Tower by 103.6% in the 3rd quarter. Westside Investment Management Inc. now owns 169 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 86 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

American Tower Price Performance

AMT stock opened at $180.69 on Thursday. The firm’s 50-day moving average price is $181.99 and its two-hundred day moving average price is $183.67. American Tower Corporation has a 12-month low of $166.88 and a 12-month high of $234.33. The stock has a market capitalization of $84.22 billion, a price-to-earnings ratio of 33.52, a PEG ratio of 0.78 and a beta of 0.92. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27.

American Tower (NYSE:AMT) last posted its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share (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 during the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the previous year, the business earned $2.62 earnings per share. The firm’s revenue for the quarter 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. As a group, equities analysts predict that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be issued a dividend of $1.79 per share. 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 4.0%. The ex-dividend date is Tuesday, April 14th. American Tower’s dividend payout ratio is currently 126.16%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada dropped their price objective on shares of American Tower from $220.00 to $195.00 and set a “sector perform” rating for the company in a report on Monday, January 12th. Jefferies Financial Group boosted their target price on American Tower from $200.00 to $209.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Mizuho cut their target price on American Tower from $217.00 to $189.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. TD Cowen decreased their price target on shares of American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. Finally, Scotiabank cut their price objective on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating for the company in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, American Tower has a consensus rating of “Moderate Buy” and a consensus target price of $217.35.

Insider Buying and Selling at American Tower

In other news, COO Eugene M. Noel sold 41,209 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were 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 approximately $5,653,551.60. This trade represents a 58.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Rajesh Kalathur bought 2,671 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were bought at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the purchase, the director directly owned 4,936 shares in the company, valued at approximately $914,640.80. This represents a 117.92% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.17% of the company’s stock.

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.