Silver Oak Securities Incorporated Sells 3,190 Shares of American Tower Corporation $AMT

Silver Oak Securities Incorporated trimmed its stake in American Tower Corporation (NYSE:AMT) by 58.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,260 shares of the real estate investment trust’s stock after selling 3,190 shares during the quarter. Silver Oak Securities Incorporated’s holdings in American Tower were worth $399,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Abound Wealth Management boosted its holdings in shares of American Tower by 137.3% in the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 81 shares during the last quarter. Holos Integrated Wealth LLC acquired a new position in American Tower during the fourth quarter worth $27,000. Triumph Capital Management acquired a new position in American Tower during the third quarter worth $29,000. Root Financial Partners LLC bought a new stake in American Tower during the third quarter worth $32,000. Finally, Physician Wealth Advisors Inc. lifted its stake in American Tower by 85.9% in the third quarter. Physician Wealth Advisors Inc. now owns 171 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 79 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Price Performance

American Tower stock opened at $173.73 on Friday. The company has a market capitalization of $80.97 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 0.72 and a beta of 0.92. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27. American Tower Corporation has a 12 month low of $165.08 and a 12 month high of $234.33. The stock’s 50 day moving average is $181.12 and its 200-day moving average is $181.93.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share for the quarter, missing the consensus estimate of $2.54 by ($0.79). The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates 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 for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.62 earnings per share. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Equities research analysts expect that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be issued a dividend of $1.79 per share. This is an increase from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, April 14th. American Tower’s payout ratio is 126.16%.

Insider Transactions at American Tower

In related news, COO Eugene M. Noel sold 41,209 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the transaction, the chief operating officer directly owned 29,592 shares of the company’s stock, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rajesh Kalathur acquired 2,671 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of $185.30 per share, with a total value of $494,936.30. Following the purchase, the director directly owned 4,936 shares in the company, valued at approximately $914,640.80. This represents a 117.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMT. Scotiabank decreased their price objective on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating for the company in a research report on Wednesday, February 25th. Raymond James Financial cut their target price on shares of American Tower from $231.00 to $229.00 and set a “strong-buy” rating for the company in a research note on Friday, January 23rd. TD Cowen reduced their price target on American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. Sanford C. Bernstein started coverage on American Tower in a research note on Thursday, March 5th. They issued a “market perform” rating and a $205.00 price objective on the stock. Finally, Mizuho cut their price objective on American Tower from $217.00 to $189.00 and set a “neutral” rating for the company in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, American Tower currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.76.

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.