CWA Asset Management Group LLC Has $2.63 Million Stock Position in American Tower Corporation $AMT

CWA Asset Management Group LLC cut its holdings in shares of American Tower Corporation (NYSE:AMT) by 23.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,975 shares of the real estate investment trust’s stock after selling 4,627 shares during the quarter. CWA Asset Management Group LLC’s holdings in American Tower were worth $2,629,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Abound Wealth Management grew its stake 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 acquiring an additional 81 shares during the last quarter. Triumph Capital Management acquired a new position in American Tower during the 3rd quarter valued at $29,000. Holos Integrated Wealth LLC acquired a new position in American Tower during the 4th quarter valued at $27,000. Root Financial Partners LLC bought a new stake in American Tower in the 3rd quarter valued at $32,000. Finally, Westside Investment Management Inc. grew its position in 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 purchasing an additional 86 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein initiated coverage on shares of American Tower in a report on Thursday, March 5th. They set a “market perform” rating and a $205.00 price objective on the stock. The Goldman Sachs Group reduced their target price on shares of American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of American Tower in a research report on Monday, December 29th. TD Cowen cut their price target on American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. Finally, Morgan Stanley reduced their price objective on American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $217.35.

Insider Buying and Selling

In related news, Director Rajesh Kalathur bought 2,671 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the transaction, the director directly owned 4,936 shares of the company’s stock, valued at $914,640.80. This represents a 117.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Eugene M. Noel sold 41,209 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $5,653,551.60. This represents a 58.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.17% of the stock is currently owned by insiders.

American Tower Trading Down 3.3%

Shares of AMT stock opened at $176.81 on Friday. American Tower Corporation has a 52-week low of $166.88 and a 52-week high of $234.33. The stock has a market cap of $82.41 billion, a price-to-earnings ratio of 32.80, a P/E/G ratio of 0.74 and a beta of 0.92. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a fifty day moving average of $182.41 and a 200-day moving average of $183.36.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share for the quarter, missing the consensus estimate of $2.54 by ($0.79). The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. American Tower had a net margin of 23.76% and a return on equity of 24.36%. American Tower’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.62 earnings per share. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, equities research analysts forecast that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Increases Dividend

The firm also recently declared 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. This is a positive change from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, April 14th. American Tower’s dividend payout ratio is 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.