NZS Capital LLC Increases Stake in American Tower Corporation $AMT

NZS Capital LLC raised its stake in American Tower Corporation (NYSE:AMT) by 31.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 440,213 shares of the real estate investment trust’s stock after acquiring an additional 105,789 shares during the quarter. American Tower makes up approximately 2.6% of NZS Capital LLC’s investment portfolio, making the stock its 14th largest position. NZS Capital LLC owned approximately 0.09% of American Tower worth $84,662,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMT. Abound Wealth Management boosted its holdings in 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 buying an additional 81 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of American Tower in the second quarter worth about $31,000. Root Financial Partners LLC purchased a new stake in shares of American Tower during the 3rd quarter worth about $32,000. Physician Wealth Advisors Inc. boosted its stake in shares of 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 acquiring an additional 79 shares in the last quarter. Finally, Westside Investment Management Inc. grew its position 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 valued at $33,000 after acquiring an additional 86 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. TD Cowen lowered their price target on American Tower from $235.00 to $225.00 in a research report on Wednesday, February 25th. JPMorgan Chase & Co. dropped their price objective on American Tower from $250.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Morgan Stanley reduced their target price on American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Jefferies Financial Group increased their target price on American Tower from $200.00 to $209.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, Raymond James Financial cut their price target on shares of American Tower from $231.00 to $229.00 and set a “strong-buy” rating for the company in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.00.

Insider Buying and Selling at American Tower

In related news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the business’s 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 transaction, the insider directly owned 211,379 shares in the company, valued at approximately $14,743,685.25. The trade was a 91.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

American Tower Stock Performance

NYSE AMT opened at $190.16 on Wednesday. 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 stock’s 50 day simple moving average is $179.78 and its 200-day simple moving average is $185.19. The company has a market cap of $89.02 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 0.80 and a beta of 0.92. American Tower Corporation has a 1-year low of $166.88 and a 1-year high of $234.33.

American Tower (NYSE:AMT) last issued its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing the consensus estimate of $2.54 by ($0.79). The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.69 billion. American Tower had a return on equity of 24.36% and a net margin of 23.76%.The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.62 earnings per share. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. As a group, equities research analysts anticipate that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, December 29th were paid a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, December 29th. American Tower’s dividend payout ratio (DPR) is currently 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.