Kestra Advisory Services LLC Has $4.47 Million Stock Position in American Tower Corporation $AMT

Kestra Advisory Services LLC lowered its position in shares of American Tower Corporation (NYSE:AMT) by 10.6% in the first quarter, HoldingsChannel reports. The fund owned 25,923 shares of the real estate investment trust’s stock after selling 3,071 shares during the period. Kestra Advisory Services LLC’s holdings in American Tower were worth $4,474,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Richards Merrill & Peterson Inc. bought a new position in American Tower in the fourth quarter valued at about $25,000. Oakworth Capital Inc. raised 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 during the last quarter. Swiss RE Ltd. acquired a new position in American Tower during the 4th quarter valued at about $25,000. Holos Integrated Wealth LLC bought a new position in shares of American Tower in the 4th quarter valued at about $27,000. Finally, Triumph Capital Management bought a new position in shares of American Tower in the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Activity at American Tower

In other news, EVP Ruth T. Dowling sold 416 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total transaction of $73,856.64. Following the sale, the executive vice president owned 29,461 shares of the company’s stock, valued at $5,230,505.94. This trade represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by corporate insiders.

American Tower Trading Up 0.1%

Shares of NYSE AMT opened at $168.87 on Friday. American Tower Corporation has a twelve month low of $160.06 and a twelve month high of $234.33. The stock has a market cap of $78.68 billion, a price-to-earnings ratio of 27.28, a P/E/G ratio of 0.70 and a beta of 0.91. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. The company’s fifty day moving average is $177.77 and its 200-day moving average is $178.76.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Equities research analysts predict that American Tower Corporation will post 10.66 EPS for the current year.

American Tower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Friday, June 12th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, June 12th. American Tower’s dividend payout ratio is 115.67%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Raymond James Financial reissued a “strong-buy” rating and set a $240.00 price target on shares of American Tower in a research note on Wednesday, April 29th. Jefferies Financial Group lifted their target price on shares of American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Scotiabank upped their target price on shares of American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. dropped their target price on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada raised American Tower from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $195.00 to $205.00 in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $215.57.

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.