Robeco Institutional Asset Management B.V. Purchases 487,107 Shares of American Tower Corporation $AMT

Robeco Institutional Asset Management B.V. increased its position in shares of American Tower Corporation (NYSE:AMT) by 259.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 674,870 shares of the real estate investment trust’s stock after acquiring an additional 487,107 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.14% of American Tower worth $110,469,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Operose Advisors LLC acquired a new position in shares of American Tower in the second quarter valued at approximately $25,000. Allied Private Wealth LLC acquired a new stake in American Tower during the 2nd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in American Tower during the 2nd quarter worth approximately $33,000. Kelleher Financial Advisors purchased a new position in American Tower in the 2nd quarter valued at approximately $37,000. Finally, Cache Advisors LLC purchased a new position in American Tower in the 1st quarter valued at approximately $38,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other American Tower news, EVP Ruth T. Dowling sold 1,106 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total value of $193,505.76. Following the sale, the executive vice president directly owned 27,711 shares in the company, valued at $4,848,316.56. This trade represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur purchased 2,829 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were acquired at an average cost of $177.00 per share, with a total value of $500,733.00. Following the completion of the acquisition, the director directly owned 7,765 shares in the company, valued at $1,374,405. The trade was a 57.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders sold 6,791 shares of company stock worth $1,204,091. Corporate insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AMT. The Goldman Sachs Group set a $210.00 price target on shares of American Tower in a research note on Tuesday, July 28th. Weiss Ratings cut American Tower from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Jefferies Financial Group decreased their target price on American Tower from $210.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. TD Cowen boosted their target price on American Tower from $225.00 to $227.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, BMO Capital Markets boosted their target price on American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $214.90.

American Tower Stock Down 3.3%

AMT stock opened at $177.45 on Thursday. The company’s 50 day moving average price is $174.27 and its 200 day moving average price is $175.58. The firm has a market capitalization of $82.69 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 2.95 and a beta of 0.88. American Tower Corporation has a fifty-two week low of $160.06 and a fifty-two week high of $196.08. 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 quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $1.14. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the firm earned $2.60 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, equities research analysts anticipate that American Tower Corporation will post 10.80 EPS for the current fiscal year.

American Tower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Wednesday, September 30th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Wednesday, September 30th. American Tower’s payout ratio is 98.49%.

About American Tower

American Tower Corporation (NYSE:AMT) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications.

The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations.