Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 53,835 Shares of American Tower Corporation $AMT

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in shares of American Tower Corporation (NYSE:AMT) by 5.5% in the first quarter, HoldingsChannel reports. The firm owned 918,264 shares of the real estate investment trust’s stock after selling 53,835 shares during the quarter. American Tower accounts for about 0.8% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings, making the stock its 21st largest holding. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in American Tower were worth $158,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in AMT. Brighton Jones LLC increased its position in American Tower by 113.0% during the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after acquiring an additional 2,104 shares during the period. Sivia Capital Partners LLC lifted its position in shares of American Tower by 34.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock worth $319,000 after buying an additional 368 shares during the last quarter. United Bank boosted its stake in shares of American Tower by 12.7% in the 2nd quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock valued at $1,434,000 after purchasing an additional 733 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in American Tower by 2.2% in the second quarter. Treasurer of the State of North Carolina now owns 218,511 shares of the real estate investment trust’s stock valued at $48,295,000 after buying an additional 4,778 shares in the last quarter. Finally, Ieq Capital LLC grew its position in American Tower by 52.2% during the 2nd quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust’s stock worth $7,570,000 after acquiring an additional 11,751 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total value of $73,856.64. Following the completion of the transaction, the executive vice president directly owned 29,461 shares of the company’s stock, valued at approximately $5,230,505.94. This trade represents a 1.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% of the company’s stock.

American Tower Trading Up 2.2%

NYSE:AMT traded up $3.69 on Friday, reaching $168.69. 2,458,176 shares of the stock traded hands, compared to its average volume of 3,439,682. 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 $160.06 and a 1-year high of $234.33. The company’s 50 day moving average is $178.66 and its 200-day moving average is $178.89. The firm has a market capitalization of $78.59 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 0.70 and a beta of 0.91.

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, 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 for the quarter, compared to analyst estimates of $2.66 billion. During the same period in the prior year, the firm posted $2.75 EPS. The company’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. Equities research analysts anticipate that American Tower Corporation will post 10.66 EPS for the current fiscal year.

American Tower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Friday, June 12th will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, June 12th. American Tower’s dividend payout ratio (DPR) is presently 115.67%.

Analyst Ratings Changes

Several analysts have recently weighed in on AMT shares. Sanford C. Bernstein upgraded American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price target on the stock in a report on Tuesday, May 19th. Citizens Jmp reiterated a “market outperform” rating and set a $260.00 target price on shares of American Tower in a research report on Wednesday, April 29th. Mizuho raised shares of American Tower from a “neutral” rating to an “outperform” rating and raised their price target for the company from $189.00 to $205.00 in a research note on Wednesday, April 15th. Raymond James Financial reissued a “strong-buy” rating and issued a $240.00 price objective on shares of American Tower in a research note on Wednesday, April 29th. Finally, Truist Financial raised their target price on American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $215.57.

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.