Requisite Capital Management LLC Invests $521,000 in American Tower Corporation $AMT

Requisite Capital Management LLC bought a new position in American Tower Corporation (NYSE:AMT) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 2,938 shares of the real estate investment trust’s stock, valued at approximately $521,000.

A number of other institutional investors have also recently bought and sold shares of AMT. Northwestern Mutual Wealth Management Co. grew its holdings in American Tower by 20,721.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock valued at $1,705,254,000 after purchasing an additional 9,666,025 shares during the period. Lazard Asset Management LLC grew its holdings in American Tower by 1,984.8% in the third quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock valued at $858,552,000 after purchasing an additional 4,250,242 shares during the period. Viking Global Investors LP grew its holdings in American Tower by 233.5% in the second quarter. Viking Global Investors LP now owns 2,797,125 shares of the real estate investment trust’s stock valued at $618,221,000 after purchasing an additional 1,958,329 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in American Tower in the third quarter valued at approximately $305,872,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in American Tower by 35.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,796,007 shares of the real estate investment trust’s stock valued at $537,728,000 after purchasing an additional 724,504 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other American Tower news, Director Rajesh Kalathur purchased 2,671 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the purchase, the director owned 4,936 shares in the company, valued at $914,640.80. The trade was a 117.92% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Eugene M. Noel sold 41,209 shares of the business’s stock in a transaction dated 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. This trade represents a 58.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 42,181 shares of company stock worth $8,046,071. 0.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AMT shares. Raymond James Financial reissued a “strong-buy” rating and set a $240.00 price target on shares of American Tower in a research report on Wednesday, April 29th. Citizens Jmp reissued a “market outperform” rating and set a $260.00 price target on shares of American Tower in a research report on Wednesday, April 29th. Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $189.00 to $205.00 in a research report on Wednesday, April 15th. Morgan Stanley lowered their price target on American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Finally, BMO Capital Markets boosted their price target 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. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, American Tower currently has a consensus rating of “Moderate Buy” and an average target price of $218.05.

American Tower Trading Up 0.1%

NYSE:AMT opened at $170.74 on Monday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. American Tower Corporation has a one year low of $165.08 and a one year high of $234.33. The business’s 50-day simple moving average is $177.80 and its 200 day simple moving average is $179.04. The stock has a market cap of $79.54 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 0.71 and a beta of 0.90.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping the consensus estimate of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the firm posted $2.75 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, sell-side analysts predict that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th were paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 4.2%. This is a positive change from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date was Tuesday, April 14th. American Tower’s payout ratio is presently 115.67%.

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.