Jain Global LLC Sells 285,313 Shares of American Tower Corporation $AMT

Jain Global LLC decreased its holdings in American Tower Corporation (NYSE:AMT) by 55.9% in the third quarter, HoldingsChannel.com reports. The fund owned 225,431 shares of the real estate investment trust’s stock after selling 285,313 shares during the period. American Tower comprises about 0.2% of Jain Global LLC’s portfolio, making the stock its 28th largest holding. Jain Global LLC’s holdings in American Tower were worth $43,355,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in shares of American Tower by 113.0% during the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock valued at $727,000 after buying an additional 2,104 shares during the period. Sivia Capital Partners LLC lifted its holdings in American Tower by 34.3% in the second quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock worth $319,000 after buying an additional 368 shares during the period. United Bank boosted its position in American Tower by 12.7% during the 2nd quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock valued at $1,434,000 after acquiring an additional 733 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of American Tower by 47.9% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 29,497 shares of the real estate investment trust’s stock worth $6,516,000 after acquiring an additional 9,552 shares during the period. Finally, Advisors Capital Management LLC grew its holdings in shares of American Tower by 12.8% during the 2nd quarter. Advisors Capital Management LLC now owns 2,200 shares of the real estate investment trust’s stock worth $486,000 after acquiring an additional 250 shares during the period. Institutional investors own 92.69% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on AMT shares. Weiss Ratings restated a “hold (c)” rating on shares of American Tower in a research note on Monday, December 29th. JPMorgan Chase & Co. reduced their price target on American Tower from $250.00 to $245.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. UBS Group decreased their price objective on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Raymond James Financial lowered their price objective on 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. Finally, TD Cowen dropped their target price on shares of American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to 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 AMT opened at $184.39 on Monday. 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 cap of $85.94 billion, a P/E ratio of 34.21, a P/E/G ratio of 0.77 and a beta of 0.92. The business’s 50 day moving average price is $181.42 and its 200-day moving average price is $183.95. American Tower Corporation has a 52 week low of $166.88 and a 52 week high of $234.33.

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

American Tower Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be issued a dividend of $1.79 per share. The ex-dividend date is Tuesday, April 14th. This is a boost 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 is 126.16%.

Insider Activity

In related news, Director Rajesh Kalathur purchased 2,671 shares of the stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average price of $185.30 per share, with a total value of $494,936.30. Following the transaction, the director directly owned 4,936 shares in the company, valued at $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction dated 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 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 disclosure for this sale is available in the SEC filing. 0.18% of the stock is owned by insiders.

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.