Greenleaf Trust Has $19.94 Million Position in American Tower Corporation $AMT

Greenleaf Trust cut its holdings in shares of American Tower Corporation (NYSE:AMT) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,549 shares of the real estate investment trust’s stock after selling 4,823 shares during the quarter. Greenleaf Trust’s holdings in American Tower were worth $19,936,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMT. Abound Wealth Management increased its holdings in shares of American Tower by 137.3% during the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 81 shares during the last quarter. Holos Integrated Wealth LLC acquired a new position in shares of American Tower during the 4th quarter worth approximately $27,000. Triumph Capital Management acquired a new position in shares of American Tower during the 3rd quarter worth approximately $29,000. Root Financial Partners LLC acquired a new position in shares of American Tower during the 3rd quarter worth approximately $32,000. Finally, Physician Wealth Advisors Inc. increased its holdings 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 during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. TD Cowen decreased their target price on American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. UBS Group decreased their target price on American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Morgan Stanley decreased their target price on American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Mizuho decreased their price objective on American Tower from $217.00 to $189.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Tower in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $216.76.

American Tower Stock Performance

Shares of NYSE AMT opened at $173.90 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 fifty day moving average price is $180.82 and its two-hundred day moving average price is $181.35. American Tower Corporation has a one year low of $165.08 and a one year high of $234.33. The firm has a market cap of $81.05 billion, a price-to-earnings ratio of 32.26, a P/E/G ratio of 0.73 and a beta of 0.92.

American Tower (NYSE:AMT) last issued 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 period in the prior year, the company earned $2.62 earnings per share. The business’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, equities analysts forecast that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be issued a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a $7.16 dividend on an annualized basis and a yield of 4.1%. This is a positive change from American Tower’s previous quarterly dividend of $1.70. American Tower’s payout ratio is currently 126.16%.

Insiders Place Their Bets

In other 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 completion of the sale, the chief operating officer directly owned 29,592 shares in the company, valued at approximately $5,653,551.60. This represents a 58.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Rajesh Kalathur bought 2,671 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were bought at an average price of $185.30 per share, with a total value of $494,936.30. Following the completion of the transaction, the director owned 4,936 shares in the company, valued at approximately $914,640.80. This trade represents a 117.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.17% of the company’s stock.

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.