Andra AP fonden Has $21.70 Million Position in American Tower Corporation $AMT

Andra AP fonden boosted its holdings in shares of American Tower Corporation (NYSE:AMT) by 47.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,600 shares of the real estate investment trust’s stock after buying an additional 39,511 shares during the period. Andra AP fonden’s holdings in American Tower were worth $21,700,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Oakworth Capital Inc. lifted its holdings in American Tower by 90.7% during the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 68 shares in the last quarter. Richards Merrill & Peterson Inc. purchased a new stake in shares of American Tower in the fourth quarter worth about $25,000. Triumph Capital Management purchased a new stake in shares of American Tower in the third quarter worth about $29,000. Holos Integrated Wealth LLC purchased a new stake in shares of American Tower in the fourth quarter worth about $27,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of American Tower in the fourth quarter worth about $30,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Trading Down 1.5%

AMT stock opened at $189.65 on Friday. The company has a market capitalization of $88.35 billion, a PE ratio of 30.64, a price-to-earnings-growth ratio of 0.80 and a beta of 0.90. American Tower Corporation has a one year low of $165.08 and a one year high of $234.33. The company’s 50 day moving average price is $180.69 and its two-hundred day moving average price is $179.87. 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 (NYSE:AMT) last posted 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. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, analysts predict that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Friday, June 12th will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $7.16 annualized dividend and a dividend yield of 3.8%. American Tower’s dividend payout ratio (DPR) is 115.67%.

Insider Activity at American Tower

In other news, EVP Ruth T. Dowling sold 556 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total value of $99,234.88. Following the transaction, the executive vice president owned 29,877 shares in the company, valued at approximately $5,332,446.96. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMT. JPMorgan Chase & Co. lowered their target price on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings raised shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Sanford C. Bernstein raised shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 target price on the stock in a research note on Tuesday, May 19th. Jefferies Financial Group raised their target price on shares of American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Finally, Truist Financial raised their target price on shares of American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $216.20.

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.