1,048 Shares in American Tower Corporation $AMT Purchased by Arista Wealth Management LLC

Arista Wealth Management LLC purchased a new position in American Tower Corporation (NYSE:AMT) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,048 shares of the real estate investment trust’s stock, valued at approximately $232,000.

A number of other institutional investors have also recently bought and sold shares of AMT. Brighton Jones LLC increased its stake in American Tower by 113.0% in the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after purchasing an additional 2,104 shares in the last quarter. GAMMA Investing LLC increased its stake in American Tower by 9.0% in the 1st quarter. GAMMA Investing LLC now owns 7,821 shares of the real estate investment trust’s stock worth $1,702,000 after purchasing an additional 648 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in American Tower by 0.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 276,533 shares of the real estate investment trust’s stock worth $60,174,000 after acquiring an additional 1,205 shares during the period. Premier Path Wealth Partners LLC boosted its position in American Tower by 7.1% during the 1st quarter. Premier Path Wealth Partners LLC now owns 3,538 shares of the real estate investment trust’s stock worth $770,000 after acquiring an additional 235 shares during the period. Finally, Global X Japan Co. Ltd. boosted its position in American Tower by 24.8% during the 1st quarter. Global X Japan Co. Ltd. now owns 1,051 shares of the real estate investment trust’s stock worth $229,000 after acquiring an additional 209 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower Stock Up 0.1%

Shares of American Tower stock opened at $191.60 on Friday. The firm has a market cap of $89.72 billion, a price-to-earnings ratio of 69.67, a P/E/G ratio of 1.16 and a beta of 0.86. The company has a debt-to-equity ratio of 3.36, a current ratio of 0.95 and a quick ratio of 0.95. American Tower Corporation has a 52-week low of $172.51 and a 52-week high of $234.33. The stock has a 50-day simple moving average of $196.63 and a 200-day simple moving average of $209.89.

American Tower (NYSE:AMT) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.01. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.58 billion. American Tower had a return on equity of 24.85% and a net margin of 12.60%.The firm’s revenue was down 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.79 EPS. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. On average, equities research analysts expect that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Tuesday, September 30th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 30th. American Tower’s dividend payout ratio (DPR) is presently 247.27%.

Insider Buying and Selling at American Tower

In related news, CEO Juan Font sold 720 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $208.33, for a total value of $149,997.60. Following the transaction, the chief executive officer directly owned 23,425 shares of the company’s stock, valued at approximately $4,880,130.25. This trade represents a 2.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on AMT. HSBC lowered American Tower from a “buy” rating to a “hold” rating and set a $235.00 price objective for the company. in a research report on Wednesday, July 30th. JPMorgan Chase & Co. raised their price objective on American Tower from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Morgan Stanley decreased their price objective on American Tower from $270.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday. Hsbc Global Res lowered American Tower from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Finally, Barclays raised their price objective on American Tower from $250.00 to $251.00 and gave the stock an “overweight” rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $238.00.

American Tower Company Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.