Schroder Investment Management Group Grows Stock Holdings in American Tower Corporation $AMT

Schroder Investment Management Group boosted its holdings in American Tower Corporation (NYSE:AMT) by 2.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 291,001 shares of the real estate investment trust’s stock after buying an additional 7,813 shares during the period. Schroder Investment Management Group owned 0.06% of American Tower worth $55,965,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Abound Wealth Management grew its position 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 purchasing an additional 81 shares in the last quarter. VSM Wealth Advisory LLC lifted its holdings in 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 purchasing an additional 90 shares in the last quarter. Root Financial Partners LLC purchased a new position in American Tower in the 3rd quarter worth approximately $32,000. Westside Investment Management Inc. boosted its stake in American Tower by 103.6% in the 3rd quarter. Westside Investment Management Inc. now owns 169 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 86 shares during the period. Finally, Physician Wealth Advisors Inc. grew its holdings 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 valued at $33,000 after buying an additional 79 shares in the last quarter. 92.69% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Eugene M. Noel sold 41,209 shares of American Tower stock in a transaction that occurred 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 completion of the transaction, the chief operating officer owned 29,592 shares in the company, valued at approximately $5,653,551.60. The trade was a 58.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AMT shares. BMO Capital Markets lifted their price objective on shares of American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a research report on Wednesday, February 25th. Jefferies Financial Group upped their target price 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. Scotiabank reduced their price target on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 25th. Mizuho decreased their price target on shares of American Tower from $217.00 to $189.00 and set a “neutral” rating on the stock in a research note on Monday, January 12th. Finally, Royal Bank Of Canada dropped 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 report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $217.35.

American Tower Stock Performance

Shares of NYSE:AMT opened at $185.93 on Wednesday. The firm has a fifty day simple moving average of $181.00 and a two-hundred day simple moving average of $184.48. American Tower Corporation has a 52 week low of $166.88 and a 52 week high of $234.33. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27. The stock has a market capitalization of $86.66 billion, a P/E ratio of 34.49, a PEG ratio of 0.78 and a beta of 0.92.

American Tower (NYSE:AMT) last announced 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 net margin of 23.76% and a return on equity of 24.36%. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the prior year, the company posted $2.62 earnings per share. The firm’s quarterly revenue 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. On average, analysts expect that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 3.9%. This is a boost from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date is Tuesday, April 14th. American Tower’s dividend payout ratio (DPR) is currently 126.16%.

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.