Intech Investment Management LLC Lowers Stock Position in American Tower Corporation $AMT

Intech Investment Management LLC lowered its holdings in shares of American Tower Corporation (NYSE:AMT) by 15.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,219 shares of the real estate investment trust’s stock after selling 3,585 shares during the period. Intech Investment Management LLC’s holdings in American Tower were worth $3,696,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in American Tower by 113.0% in the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after purchasing an additional 2,104 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in American Tower by 34.3% in the second quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock worth $319,000 after purchasing an additional 368 shares during the last quarter. United Bank grew its holdings in shares of American Tower by 12.7% in the second quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock worth $1,434,000 after acquiring an additional 733 shares during the period. Pinnacle Associates Ltd. grew its stake in shares of American Tower by 4.0% during the 2nd quarter. Pinnacle Associates Ltd. now owns 4,551 shares of the real estate investment trust’s stock valued at $1,006,000 after purchasing an additional 175 shares during the period. Finally, Plato Investment Management Ltd lifted its stake in shares of American Tower by 8.7% in the 2nd quarter. Plato Investment Management Ltd now owns 12,602 shares of the real estate investment trust’s stock worth $2,775,000 after purchasing an additional 1,009 shares during the period. 92.69% of the stock is owned by institutional investors.

American Tower Trading Up 3.6%

NYSE:AMT opened at $191.72 on Monday. American Tower Corporation has a 52 week low of $166.88 and a 52 week high of $234.33. The firm has a 50 day moving average of $179.11 and a 200 day moving average of $185.40. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27. The stock has a market capitalization of $89.76 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 0.81 and a beta of 0.92.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.79). American Tower had a net margin of 23.76% and a return on equity of 24.36%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter last year, the business posted $2.62 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. As a group, sell-side analysts anticipate that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, December 29th were paid a $1.70 dividend. The ex-dividend date was Monday, December 29th. This represents a $6.80 dividend on an annualized basis and a yield of 3.5%. American Tower’s dividend payout ratio (DPR) is 126.16%.

Insider Activity at American Tower

In related news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of American Tower stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the completion of the sale, the insider owned 211,379 shares of the company’s stock, valued at $14,743,685.25. The trade was a 91.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AMT has been the topic of a number of recent research reports. Royal Bank Of Canada decreased their target price on American Tower from $220.00 to $195.00 and set a “sector perform” rating on the stock in a report on Monday, January 12th. The Goldman Sachs Group cut their price objective on American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Barclays reaffirmed an “equal weight” rating and issued a $200.00 price objective (down from $203.00) on shares of American Tower in a research note on Monday, December 1st. JPMorgan Chase & Co. lowered their price target on shares of American Tower from $250.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Finally, Jefferies Financial Group raised their price target on American Tower from $200.00 to $209.00 and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, American Tower has a consensus rating of “Moderate Buy” and an average price target of $218.00.

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.