Robeco Institutional Asset Management B.V. Boosts Stock Position in American Tower Corporation $AMT

Robeco Institutional Asset Management B.V. boosted its position in American Tower Corporation (NYSE:AMT) by 14.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,186 shares of the real estate investment trust’s stock after buying an additional 28,046 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in American Tower were worth $48,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in AMT. Brighton Jones LLC increased its holdings in shares of American Tower by 113.0% in the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after buying an additional 2,104 shares during the period. NBC Securities Inc. increased its stake in American Tower by 150,100.0% in the 1st quarter. NBC Securities Inc. now owns 1,502 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 1,501 shares during the period. Merit Financial Group LLC lifted its position in American Tower by 19.1% in the first quarter. Merit Financial Group LLC now owns 8,186 shares of the real estate investment trust’s stock valued at $1,781,000 after purchasing an additional 1,312 shares during the last quarter. Secure Asset Management LLC bought a new position in shares of American Tower in the first quarter worth approximately $220,000. Finally, Charles Schwab Trust Co grew its holdings in shares of American Tower by 6.7% in the first quarter. Charles Schwab Trust Co now owns 1,235 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 78 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American Tower

In related news, CEO Juan Font sold 720 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $208.33, for a total transaction of $149,997.60. Following the completion of the sale, the chief executive officer owned 23,425 shares of the company’s stock, valued at $4,880,130.25. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is currently owned by insiders.

American Tower Stock Down 0.6%

Shares of American Tower stock opened at $190.10 on Friday. American Tower Corporation has a 1 year low of $172.51 and a 1 year high of $234.33. The company has a debt-to-equity ratio of 3.36, a current ratio of 0.95 and a quick ratio of 0.95. The company has a 50-day moving average of $201.53 and a 200 day moving average of $211.76. The firm has a market cap of $89.01 billion, a price-to-earnings ratio of 69.13, a PEG ratio of 1.18 and a beta of 0.86.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. American Tower had a return on equity of 24.85% and a net margin of 12.60%.The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter last year, the company earned $2.79 EPS. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. As a group, sell-side analysts anticipate that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th will be paid a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 30th. American Tower’s dividend payout ratio is currently 247.27%.

Analysts Set New Price Targets

AMT has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of American Tower from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Wells Fargo & Company dropped their target price on shares of American Tower from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. UBS Group boosted their price target on American Tower from $250.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of American Tower in a research report on Tuesday, July 29th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of American Tower in a research report on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $242.07.

American Tower Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.