Czech National Bank Raises Holdings in American Tower Corporation $AMT

Czech National Bank increased its position in American Tower Corporation (NYSE:AMT) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,444 shares of the real estate investment trust’s stock after buying an additional 4,487 shares during the period. Czech National Bank’s holdings in American Tower were worth $21,673,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMT. Brighton Jones LLC raised its holdings in shares of American Tower by 113.0% during the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after acquiring an additional 2,104 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of American Tower by 34.3% in the second quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 368 shares in the last quarter. United Bank increased its position in American Tower by 12.7% in the second quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock worth $1,434,000 after purchasing an additional 733 shares during the last quarter. Laurel Wealth Advisors LLC raised its stake in American Tower by 22,002.1% during the second quarter. Laurel Wealth Advisors LLC now owns 10,609 shares of the real estate investment trust’s stock valued at $2,345,000 after purchasing an additional 10,561 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its stake in American Tower by 95.4% during the second quarter. J.W. Cole Advisors Inc. now owns 13,854 shares of the real estate investment trust’s stock valued at $3,062,000 after purchasing an additional 6,764 shares in the last quarter. 92.69% of the stock is owned by institutional investors.

Insider Buying and Selling at American Tower

In other news, COO Eugene M. Noel sold 41,209 shares of American Tower stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $191.05, for a total transaction 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 trade represents a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rajesh Kalathur bought 2,671 shares of the stock in a transaction dated Tuesday, March 10th. The shares were bought at an average cost of $185.30 per share, with a total value of $494,936.30. Following the completion of the purchase, the director directly owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. This trade represents a 117.92% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on AMT. Morgan Stanley dropped their price objective on shares of 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 target price on shares of American Tower from $250.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Mizuho lowered their price target on shares of American Tower from $217.00 to $189.00 and set a “neutral” rating for the company in a report on Monday, January 12th. The Goldman Sachs Group dropped their price target on American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Finally, Royal Bank Of Canada reduced their price objective on American Tower from $220.00 to $195.00 and set a “sector perform” rating on the stock in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $217.35.

American Tower Stock Performance

American Tower stock opened at $168.64 on Friday. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $78.60 billion, a P/E ratio of 31.29, a price-to-earnings-growth ratio of 0.70 and a beta of 0.92. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33. The company’s 50-day moving average is $181.97 and its 200 day moving average is $182.73.

American Tower (NYSE:AMT) last announced 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). The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.69 billion. American Tower had a net margin of 23.76% and a return on equity of 24.36%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.62 EPS. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Research analysts forecast that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Increases Dividend

The firm also recently disclosed 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 represents a $7.16 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Tuesday, April 14th. This is an increase from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio (DPR) is presently 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.