CCLA Investment Management Decreases Stake in American Tower Corporation $AMT

CCLA Investment Management lowered its position in shares of American Tower Corporation (NYSE:AMT) by 1.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 414,327 shares of the real estate investment trust’s stock after selling 5,139 shares during the quarter. CCLA Investment Management owned about 0.09% of American Tower worth $72,739,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Hager Investment Management Services LLC grew its holdings in shares of American Tower by 17.0% during the 4th quarter. Hager Investment Management Services LLC now owns 2,351 shares of the real estate investment trust’s stock worth $413,000 after purchasing an additional 342 shares during the period. Demars Financial Group LLC grew its holdings in shares of American Tower by 56.0% during the 4th quarter. Demars Financial Group LLC now owns 3,182 shares of the real estate investment trust’s stock worth $559,000 after purchasing an additional 1,142 shares during the period. Evermay Wealth Management LLC grew its holdings in shares of American Tower by 14.4% during the 4th quarter. Evermay Wealth Management LLC now owns 1,514 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 190 shares during the period. Ledyard National Bank boosted its position in American Tower by 1.6% during the 4th quarter. Ledyard National Bank now owns 5,609 shares of the real estate investment trust’s stock worth $985,000 after purchasing an additional 90 shares during the period. Finally, Paladin Advisory Group LLC boosted its position in American Tower by 7.1% during the 4th quarter. Paladin Advisory Group LLC now owns 1,237 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower Stock Performance

Shares of AMT opened at $176.23 on Thursday. The business’s fifty day moving average price is $180.80 and its 200 day moving average price is $181.31. American Tower Corporation has a 12-month low of $165.08 and a 12-month high of $234.33. The stock has a market capitalization of $82.14 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 0.73 and a beta of 0.92. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60.

American Tower (NYSE:AMT) last announced its quarterly earnings data 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 firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter last year, the business earned $2.62 earnings per share. The business’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. Equities research analysts forecast that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be issued a $1.79 dividend. This is an increase from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, April 14th. American Tower’s dividend payout ratio is 126.16%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. The Goldman Sachs Group decreased their price target on shares of American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Morgan Stanley decreased their price target on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. UBS Group decreased their price target on shares of American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Jefferies Financial Group upped their price target on shares of American Tower from $200.00 to $209.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Truist Financial began coverage on American Tower in a report on Tuesday, March 31st. They issued a “buy” rating and a $205.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, American Tower presently has a consensus rating of “Moderate Buy” and an average price target of $216.76.

Insider Transactions at American Tower

In other American Tower news, COO Eugene M. Noel sold 41,209 shares of the firm’s 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 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 filing with the SEC, which can be accessed through this link. Also, Director Rajesh Kalathur bought 2,671 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was bought at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the purchase, the director directly owned 4,936 shares of the company’s stock, valued at $914,640.80. The trade was a 117.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Company 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.