Allworth Financial LP Has $11.21 Million Holdings in American Tower Corporation $AMT

Allworth Financial LP boosted its position in shares of American Tower Corporation (NYSE:AMT) by 39.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,860 shares of the real estate investment trust’s stock after purchasing an additional 18,143 shares during the period. Allworth Financial LP’s holdings in American Tower were worth $11,212,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Navalign LLC increased its holdings in American Tower by 11.5% during the 4th quarter. Navalign LLC now owns 5,292 shares of the real estate investment trust’s stock worth $929,000 after purchasing an additional 546 shares in the last quarter. Catalyst Financial Partners LLC increased its holdings in American Tower by 5.5% during the 4th quarter. Catalyst Financial Partners LLC now owns 1,914 shares of the real estate investment trust’s stock worth $336,000 after purchasing an additional 99 shares in the last quarter. Independent Advisor Alliance increased its holdings in American Tower by 184.1% during the 4th quarter. Independent Advisor Alliance now owns 15,106 shares of the real estate investment trust’s stock worth $2,652,000 after purchasing an additional 9,788 shares in the last quarter. World Investment Advisors grew its holdings in shares of American Tower by 14.6% in the 4th quarter. World Investment Advisors now owns 4,327 shares of the real estate investment trust’s stock valued at $760,000 after acquiring an additional 552 shares in the last quarter. Finally, Seelaus Asset Management LLC grew its holdings in shares of American Tower by 62.3% in the 4th quarter. Seelaus Asset Management LLC now owns 2,344 shares of the real estate investment trust’s stock valued at $412,000 after acquiring an additional 900 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Scotiabank raised their price objective on American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Raymond James Financial restated a “strong-buy” rating and issued a $240.00 price objective on shares of American Tower in a report on Wednesday, April 29th. Jefferies Financial Group raised their price objective on American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Weiss Ratings upgraded American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $195.00 price objective on shares of American Tower in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $218.05.

American Tower Stock Down 2.1%

NYSE AMT opened at $170.28 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33. The company has a 50 day moving average of $178.20 and a 200-day moving average of $179.17. The company has a market cap of $79.33 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 0.73 and a beta of 0.90.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the business earned $2.75 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, equities research analysts expect that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were given a $1.79 dividend. The ex-dividend date was Tuesday, April 14th. This is a positive change 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 4.2%. American Tower’s dividend payout ratio (DPR) is presently 115.67%.

Insider Activity

In other American Tower news, Director Rajesh Kalathur purchased 2,671 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was bought at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the transaction, the director 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 acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total transaction of $73,856.64. Following the completion of the transaction, the executive vice president directly owned 29,461 shares in the company, valued at $5,230,505.94. This trade represents a 1.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 42,181 shares of company stock worth $8,046,071. Corporate insiders own 0.08% of the company’s stock.

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.