American Tower Corporation $AMT Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC reduced its position in American Tower Corporation (NYSE:AMT) by 8.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 36,920 shares of the real estate investment trust’s stock after selling 3,523 shares during the quarter. New Age Alpha Advisors LLC’s holdings in American Tower were worth $7,100,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Abound Wealth Management increased its stake in shares of American Tower by 137.3% during 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 period. Legacy Investment Solutions LLC purchased a new stake in American Tower in the 2nd quarter valued at approximately $31,000. Root Financial Partners LLC purchased a new stake in American Tower in the 3rd quarter valued at approximately $32,000. Physician Wealth Advisors Inc. increased its position in American Tower by 85.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 171 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 79 shares during the period. Finally, Westside Investment Management Inc. raised its stake in shares of American Tower by 103.6% during the 3rd quarter. Westside Investment Management Inc. now owns 169 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on AMT. Scotiabank reduced their price target on American Tower from $220.00 to $214.00 and set a “sector outperform” rating for the company in a report on Wednesday. Barclays reiterated an “equal weight” rating and issued a $200.00 price objective (down from $203.00) on shares of American Tower in a research report on Monday, December 1st. 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. Morgan Stanley lowered their price target on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Royal Bank Of Canada reduced their price objective on shares of American Tower from $220.00 to $195.00 and set a “sector perform” rating for the company in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, American Tower has a consensus rating of “Moderate Buy” and a consensus price target of $218.00.

American Tower Stock Up 3.6%

AMT opened at $191.72 on Friday. American Tower Corporation has a 12 month low of $166.88 and a 12 month high of $234.33. The business has a 50-day moving average of $179.11 and a two-hundred day moving average of $185.53. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.89. The stock has a market capitalization of $89.76 billion, a price-to-earnings ratio of 35.57, a price-to-earnings-growth ratio of 0.81 and a beta of 0.93.

American Tower (NYSE:AMT) last released 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). American Tower had a return on equity of 24.36% and a net margin of 23.76%.The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period in the prior year, the business posted $2.62 earnings per share. American Tower’s revenue was up 7.5% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, research analysts expect that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, December 29th were issued 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 was Monday, December 29th. American Tower’s dividend payout ratio (DPR) is 126.16%.

Insider Activity

In related news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total value of $159,631,314.75. Following the transaction, the insider directly owned 211,379 shares of the company’s stock, valued at approximately $14,743,685.25. This trade represents a 91.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is owned by corporate insiders.

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.