American Tower Corporation $AMT Position Lifted by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. boosted its position in shares of American Tower Corporation (NYSE:AMT) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 910,251 shares of the real estate investment trust’s stock after buying an additional 32,385 shares during the period. American Tower accounts for approximately 2.0% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 8th biggest holding. Duff & Phelps Investment Management Co. owned about 0.19% of American Tower worth $175,059,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Abound Wealth Management increased its holdings in shares of American Tower by 137.3% in the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 81 shares during the period. Root Financial Partners LLC acquired a new stake in American Tower during the 3rd quarter worth $32,000. Physician Wealth Advisors Inc. grew 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 last quarter. Westside Investment Management Inc. grew its position in 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 purchasing an additional 86 shares during the last quarter. Finally, VSM Wealth Advisory LLC increased its stake in American Tower by 136.4% in the second quarter. VSM Wealth Advisory LLC now owns 156 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AMT shares. BMO Capital Markets increased their target price on shares of American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 25th. Barclays reaffirmed an “equal weight” rating and set a $200.00 price objective (down from $203.00) on shares of American Tower in a research note on Monday, December 1st. JPMorgan Chase & Co. decreased their price objective on American Tower from $250.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. The Goldman Sachs Group lowered their target price on American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Finally, TD Cowen cut their price target on American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $217.35.

Insider Buying and Selling at American Tower

In related news, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the transaction, the chief operating officer owned 29,592 shares of the company’s stock, valued at $5,653,551.60. This represents a 58.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is currently owned by company insiders.

American Tower Trading Down 1.8%

Shares of American Tower stock opened at $182.82 on Thursday. The firm has a market cap of $85.21 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 0.78 and a beta of 0.92. American Tower Corporation has a 52-week low of $166.88 and a 52-week high of $234.33. The company’s 50-day simple moving average is $181.14 and its 200-day simple moving average is $184.47. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.79). American Tower had a net margin of 23.76% and a return on equity of 24.36%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the previous year, the business earned $2.62 EPS. American Tower’s revenue for the quarter was up 7.5% on a year-over-year basis. 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 earnings per share for the current year.

American Tower Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend 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 presently 132.84%.

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.