25,531 Shares in American Tower Corporation $AMT Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in shares of American Tower Corporation (NYSE:AMT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,531 shares of the real estate investment trust’s stock, valued at approximately $4,176,000. American Tower makes up 0.3% of GSA Capital Partners LLP’s holdings, making the stock its 22nd biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Oakworth Capital Inc. raised its stake in shares of American Tower by 90.7% in the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 68 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new position in American Tower during the 4th quarter worth $25,000. Swiss RE Ltd. acquired a new position in American Tower during the 4th quarter worth $25,000. Triumph Capital Management purchased a new stake in American Tower during the 3rd quarter worth about $29,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in American Tower in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AMT shares. The Goldman Sachs Group set a $210.00 price objective on American Tower in a research note on Tuesday, July 28th. Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $260.00 target price on shares of American Tower in a report on Wednesday, April 29th. Royal Bank Of Canada upgraded shares of American Tower from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $195.00 to $205.00 in a report on Friday, June 26th. Finally, Truist Financial reissued a “buy” rating and issued a $207.00 price objective (down from $208.00) on shares of American Tower in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, American Tower currently has an average rating of “Moderate Buy” and an average target price of $215.14.

Insiders Place Their Bets

In related news, EVP Ruth T. Dowling sold 1,106 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total value of $193,505.76. Following the completion of the sale, the executive vice president directly owned 27,711 shares of the company’s stock, valued at $4,848,316.56. This represents a 3.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Joseph Meyer sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the transaction, the chief financial officer owned 21,428 shares in the company, valued at $3,833,254.92. This represents a 18.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 6,791 shares of company stock valued at $1,204,091. 0.08% of the stock is owned by corporate insiders.

American Tower Trading Up 0.9%

NYSE:AMT opened at $175.68 on Friday. The stock has a 50-day simple moving average of $172.82 and a 200-day simple moving average of $177.94. The stock has a market cap of $81.86 billion, a P/E ratio of 24.17, a P/E/G ratio of 2.79 and a beta of 0.90. American Tower Corporation has a 1 year low of $160.06 and a 1 year high of $214.79. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping the consensus estimate of $1.57 by $1.14. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, analysts anticipate that American Tower Corporation will post 10.78 earnings per share for the current fiscal year.

American Tower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Friday, June 12th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, June 12th. American Tower’s dividend payout ratio (DPR) is 98.49%.

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.