Vista Cima Wealth Management LLC Makes New Investment in American Tower Corporation $AMT

Vista Cima Wealth Management LLC purchased a new stake in shares of American Tower Corporation (NYSE:AMT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,121 shares of the real estate investment trust’s stock, valued at approximately $600,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMT. NorthRock Partners LLC lifted its stake in shares of American Tower by 5.8% in the 3rd quarter. NorthRock Partners LLC now owns 7,673 shares of the real estate investment trust’s stock worth $1,476,000 after purchasing an additional 423 shares during the period. Prudential PLC grew its position in American Tower by 14.8% during the third quarter. Prudential PLC now owns 110,225 shares of the real estate investment trust’s stock valued at $21,198,000 after buying an additional 14,183 shares during the period. Nicolet Bankshares Inc. increased its holdings in American Tower by 21.0% during the third quarter. Nicolet Bankshares Inc. now owns 5,886 shares of the real estate investment trust’s stock valued at $1,132,000 after buying an additional 1,021 shares during the last quarter. Glenmede Investment Management LP raised its position in American Tower by 52.9% in the third quarter. Glenmede Investment Management LP now owns 139,907 shares of the real estate investment trust’s stock worth $26,907,000 after acquiring an additional 48,430 shares during the period. Finally, Jump Financial LLC raised its position in American Tower by 2,707.7% in the third quarter. Jump Financial LLC now owns 83,163 shares of the real estate investment trust’s stock worth $15,994,000 after acquiring an additional 80,201 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Insider Buying and Selling at American Tower

In related news, Director Rajesh Kalathur purchased 2,671 shares of American Tower stock in a transaction on Tuesday, March 10th. The shares were bought at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the acquisition, the director owned 4,936 shares in the company, valued at approximately $914,640.80. The trade was a 117.92% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Eugene M. Noel sold 41,209 shares of the business’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 completion of the sale, 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 SEC filing for this sale provides additional information. 0.17% of the stock is currently owned by insiders.

American Tower Stock Performance

NYSE AMT opened at $184.39 on Friday. 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 Corporation has a twelve month low of $166.88 and a twelve month high of $234.33. The business has a 50-day moving average price of $181.42 and a 200-day moving average price of $184.25. The firm has a market cap of $85.94 billion, a price-to-earnings ratio of 34.21, a price-to-earnings-growth ratio of 0.76 and a beta of 0.92.

American Tower (NYSE:AMT) last issued 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 the consensus estimate of $2.69 billion. During the same period last year, the business posted $2.62 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts predict that American Tower Corporation will post 10.14 EPS 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. Stockholders of record on Tuesday, April 14th will be given a dividend of $1.79 per share. The ex-dividend date is Tuesday, April 14th. This is an increase from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a dividend yield of 3.9%. American Tower’s dividend payout ratio (DPR) is 126.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial cut their price objective on shares of American Tower from $231.00 to $229.00 and set a “strong-buy” rating for the company in a research report on Friday, January 23rd. BMO Capital Markets lifted their target price on 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 boosted their price target on American Tower from $200.00 to $209.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Barclays restated an “equal weight” rating and issued a $200.00 price target (down from $203.00) on shares of American Tower in a research report on Monday, December 1st. Finally, UBS Group lowered their price objective on American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $217.35.

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.