American Tower Corporation $AMT Stake Raised by Janney Capital Management LLC

Janney Capital Management LLC lifted its holdings in American Tower Corporation (NYSE:AMT) by 35.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,105 shares of the real estate investment trust’s stock after purchasing an additional 17,398 shares during the period. Janney Capital Management LLC’s holdings in American Tower were worth $12,713,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in shares of American Tower in the second quarter valued at $31,000. Abound Wealth Management boosted its stake in shares of American Tower by 137.3% during the 3rd 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 in the last quarter. VSM Wealth Advisory LLC grew its holdings in shares of American Tower by 136.4% in the 2nd quarter. VSM Wealth Advisory LLC now owns 156 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 90 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in shares of American Tower by 86.0% during the second quarter. Rosenberg Matthew Hamilton now owns 173 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 80 shares during the period. Finally, Salomon & Ludwin LLC lifted its holdings in shares of American Tower by 147.9% during the third quarter. Salomon & Ludwin LLC now owns 181 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 108 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Eugene F. Reilly acquired 5,554 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were bought at an average price of $178.99 per share, for a total transaction of $994,110.46. Following the acquisition, the director owned 5,689 shares in the company, valued at $1,018,274.11. This trade represents a 4,114.07% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the completion of the sale, the insider owned 211,379 shares of the company’s stock, valued at approximately $14,743,685.25. The trade was a 91.54% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Morgan Stanley dropped their price target on American Tower from $255.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, December 4th. Argus set a $210.00 target price on shares of American Tower in a report on Thursday, October 30th. JPMorgan Chase & Co. cut their price target on shares of American Tower from $250.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $231.00 price objective (down previously from $250.00) on shares of American Tower in a research note on Wednesday, October 29th. Finally, Wall Street Zen upgraded shares of American Tower from a “sell” rating to a “hold” rating in a research report on Sunday, October 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, American Tower presently has an average rating of “Moderate Buy” and a consensus price target of $223.05.

American Tower Stock Performance

Shares of NYSE AMT opened at $171.53 on Tuesday. The company has a market capitalization of $80.30 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 0.68 and a beta of 0.92. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.89 and a quick ratio of 0.89. American Tower Corporation has a one year low of $166.88 and a one year high of $234.33. The business’s 50-day moving average price is $177.84 and its two-hundred day moving average price is $194.22.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.14. American Tower had a return on equity of 28.79% and a net margin of 28.11%.The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the company posted $2.52 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. Analysts anticipate that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, December 29th will be paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, December 29th. American Tower’s dividend payout ratio is presently 108.63%.

About American Tower

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.