Capital International Investors Has $289.72 Million Stock Position in American Tower Corporation $AMT

Capital International Investors increased its position in American Tower Corporation (NYSE:AMT) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,506,470 shares of the real estate investment trust’s stock after buying an additional 7,940 shares during the period. Capital International Investors’ holdings in American Tower were worth $289,724,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in American Tower by 1.0% in the third quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust’s stock valued at $12,239,277,000 after acquiring an additional 611,801 shares during the period. JPMorgan Chase & Co. raised its position in shares of American Tower by 24.3% during the second quarter. JPMorgan Chase & Co. now owns 12,666,082 shares of the real estate investment trust’s stock worth $2,799,458,000 after purchasing an additional 2,474,328 shares during the period. Invesco Ltd. raised its position in shares of American Tower by 11.9% during the second quarter. Invesco Ltd. now owns 6,680,524 shares of the real estate investment trust’s stock worth $1,476,529,000 after purchasing an additional 708,808 shares during the period. Norges Bank bought a new position in shares of American Tower in the 2nd quarter worth $1,371,875,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of American Tower by 3.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,563,565 shares of the real estate investment trust’s stock worth $1,229,659,000 after purchasing an additional 208,213 shares in the last quarter. 92.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMT has been the subject of a number of recent research reports. New Street Research upgraded shares of American Tower from a “neutral” rating to a “buy” rating and set a $203.00 price target for the company in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Tower in a research note on Monday, December 29th. JPMorgan Chase & Co. reduced their price objective 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. The Goldman Sachs Group lowered their target price on shares of American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $200.00 price target (down from $203.00) on shares of American Tower in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $217.35.

American Tower Price Performance

AMT opened at $185.93 on Wednesday. American Tower Corporation has a fifty-two week low of $166.88 and a fifty-two week high of $234.33. The firm has a 50-day moving average of $181.00 and a 200 day moving average of $184.48. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $86.66 billion, a P/E ratio of 34.49, a PEG ratio of 0.78 and a beta of 0.92.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing the consensus estimate of $2.54 by ($0.79). The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.69 billion. American Tower had a return on equity of 24.36% and a net margin of 23.76%.The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.62 EPS. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, research analysts expect that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be issued a $1.79 dividend. This is a boost from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.9%. American Tower’s payout ratio is presently 126.16%.

Insider Buying and Selling

In related news, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $191.05, for a total value of $7,872,979.45. Following the transaction, the chief operating officer owned 29,592 shares in the company, valued at approximately $5,653,551.60. This represents a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

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.