American Tower Corporation $AMT Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. boosted its stake in American Tower Corporation (NYSE:AMT) by 4.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 282,676 shares of the real estate investment trust’s stock after acquiring an additional 12,363 shares during the period. Bessemer Group Inc.’s holdings in American Tower were worth $48,784,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SteelPeak Wealth LLC acquired a new stake in shares of American Tower during the first quarter worth $3,278,000. Independent Financial Group LLC acquired a new position in American Tower in the 1st quarter valued at $241,000. Prosperity Consulting Group LLC increased its stake in American Tower by 8.5% in the 1st quarter. Prosperity Consulting Group LLC now owns 1,400 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 110 shares during the period. Wealthfront Advisers LLC raised its position in American Tower by 11.3% during the 1st quarter. Wealthfront Advisers LLC now owns 109,012 shares of the real estate investment trust’s stock worth $18,813,000 after buying an additional 11,051 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in American Tower by 15.4% during the 1st quarter. D.A. Davidson & CO. now owns 16,373 shares of the real estate investment trust’s stock worth $2,826,000 after buying an additional 2,187 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American Tower

In related news, EVP Ruth T. Dowling sold 416 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total value of $73,856.64. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Sanford C. Bernstein raised shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 target price on the stock in a report on Tuesday, May 19th. Raymond James Financial reissued a “strong-buy” rating and set a $240.00 price target on shares of American Tower in a report on Wednesday, April 29th. Royal Bank Of Canada upgraded shares of American Tower from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $195.00 to $205.00 in a research report on Friday, June 26th. Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $189.00 to $205.00 in a report on Wednesday, April 15th. Finally, Wolfe Research upgraded American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 target price on the stock in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $215.57.

American Tower Stock Up 0.7%

American Tower stock opened at $170.13 on Friday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market capitalization of $79.26 billion, a price-to-earnings ratio of 27.48, a price-to-earnings-growth ratio of 0.71 and a beta of 0.91. American Tower Corporation has a fifty-two week low of $160.06 and a fifty-two week high of $234.33. The stock’s fifty day moving average is $177.64 and its two-hundred day moving average is $178.70.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the business posted $2.75 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Analysts predict 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 was paid on Monday, July 13th. Shareholders of record on Friday, June 12th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, June 12th. American Tower’s dividend payout ratio (DPR) is presently 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.