Reflection Asset Management Makes New $610,000 Investment in American Tower Corporation $AMT

Reflection Asset Management acquired a new stake in American Tower Corporation (NYSE:AMT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,472 shares of the real estate investment trust’s stock, valued at approximately $610,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Oakworth Capital Inc. grew its stake in shares of American Tower by 90.7% in the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 68 shares during the period. Richards Merrill & Peterson Inc. bought a new position in shares of American Tower during the 4th quarter worth approximately $25,000. Swiss RE Ltd. bought a new position in shares of American Tower during the 4th quarter worth approximately $25,000. Triumph Capital Management acquired a new stake in American Tower in the 3rd quarter valued at $29,000. Finally, Holos Integrated Wealth LLC acquired a new stake in American Tower in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Transactions at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 556 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total transaction of $99,234.88. Following the sale, the executive vice president owned 29,877 shares of the company’s stock, valued at $5,332,446.96. This represents a 1.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMT. Jefferies Financial Group increased their price objective on American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Barclays reduced their target price on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Truist Financial upped their target price on shares of American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Royal Bank Of Canada reissued a “sector perform” rating and set a $195.00 price target on shares of American Tower in a report on Thursday, April 30th. Finally, TD Cowen reduced their price target on shares of American Tower from $235.00 to $225.00 in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, American Tower currently has an average rating of “Moderate Buy” and an average price target of $216.20.

American Tower Trading Down 0.2%

AMT stock opened at $175.66 on Friday. The business has a fifty day moving average price of $181.59 and a 200 day moving average price of $179.91. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. American Tower Corporation has a fifty-two week low of $165.08 and a fifty-two week high of $234.33. The stock has a market capitalization of $81.84 billion, a price-to-earnings ratio of 28.38, a P/E/G ratio of 0.74 and a beta of 0.90.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Analysts expect that American Tower Corporation will post 10.66 EPS for the current fiscal year.

American Tower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be issued a $1.79 dividend. 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 Friday, June 12th. American Tower’s payout ratio is currently 115.67%.

About American Tower

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.