Centersquare Investment Management LLC Sells 15,970 Shares of American Tower Corporation $AMT

Centersquare Investment Management LLC reduced its stake in shares of American Tower Corporation (NYSE:AMT) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 353,536 shares of the real estate investment trust’s stock after selling 15,970 shares during the quarter. Centersquare Investment Management LLC’s holdings in American Tower were worth $62,070,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AMT. Richards Merrill & Peterson Inc. bought a new stake in shares of American Tower during the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. grew its stake in shares of American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 68 shares during the last quarter. Holos Integrated Wealth LLC bought a new stake in shares of American Tower during the fourth quarter valued at approximately $27,000. Triumph Capital Management bought a new stake in shares of American Tower during the third quarter valued at approximately $29,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of American Tower during the fourth quarter valued at approximately $30,000. 92.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Ruth T. Dowling sold 556 shares of the 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 directly owned 29,877 shares in the company, valued at $5,332,446.96. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMT has been the topic of several research analyst reports. Sanford C. Bernstein raised shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price target on the stock in a research note on Tuesday, May 19th. JPMorgan Chase & Co. decreased their price target 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. Barclays decreased their price target on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. UBS Group decreased their price target on shares of American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Finally, TD Cowen decreased their price target on shares of American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $216.20.

American Tower Trading Down 1.5%

Shares of NYSE AMT opened at $189.65 on Friday. The company’s 50 day simple moving average is $180.69 and its 200 day simple moving average is $179.87. American Tower Corporation has a fifty-two week low of $165.08 and a fifty-two week high of $234.33. The firm has a market capitalization of $88.35 billion, a P/E ratio of 30.64, a P/E/G ratio of 0.80 and a beta of 0.90. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating the consensus estimate of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period in the prior year, the business posted $2.75 earnings per share. American Tower’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. On average, analysts predict that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, June 12th. American Tower’s dividend payout ratio is currently 115.67%.

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.