Accretive Wealth Partners LLC Has $962,000 Holdings in American Tower Corporation $AMT

Accretive Wealth Partners LLC lifted its position in shares of American Tower Corporation (NYSE:AMT) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,354 shares of the real estate investment trust’s stock after purchasing an additional 63 shares during the quarter. Accretive Wealth Partners LLC’s holdings in American Tower were worth $962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AMT. North Capital Inc. acquired a new stake in shares of American Tower during the 1st quarter worth approximately $25,000. Hopwood Financial Services Inc. boosted its stake in American Tower by 100.0% in the 1st quarter. Hopwood Financial Services Inc. now owns 120 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 60 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in American Tower in the 1st quarter valued at $31,000. Rosenberg Matthew Hamilton boosted its stake in American Tower by 86.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 173 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 80 shares in the last quarter. Finally, Saudi Central Bank acquired a new stake in American Tower in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMT. The Goldman Sachs Group reaffirmed a “buy” rating on shares of American Tower in a research note on Tuesday, July 29th. HSBC lowered American Tower from a “buy” rating to a “hold” rating and set a $235.00 price target on the stock. in a research note on Wednesday, July 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of American Tower in a research note on Wednesday, October 8th. Citigroup decreased their price target on American Tower from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Morgan Stanley cut their price objective on American Tower from $270.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $238.00.

Insider Buying and Selling at American Tower

In other news, CEO Juan Font sold 720 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was 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 in the company, valued at $4,880,130.25. The trade was a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by insiders.

American Tower Trading Up 0.1%

Shares of AMT opened at $191.60 on Monday. The stock has a fifty day moving average price of $196.63 and a two-hundred day moving average price of $209.70. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.95 and a current ratio of 0.95. American Tower Corporation has a 52-week low of $172.51 and a 52-week high of $234.33. The company has a market cap of $89.72 billion, a price-to-earnings ratio of 69.67, a PEG ratio of 1.16 and a beta of 0.86.

American Tower (NYSE:AMT) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.01. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.58 billion. American Tower had a return on equity of 24.85% and a net margin of 12.60%.The business’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.79 EPS. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. Analysts predict that American Tower Corporation will post 10.14 EPS 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 given a dividend of $1.70 per share. The ex-dividend date is Tuesday, September 30th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.5%. American Tower’s payout ratio is presently 247.27%.

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.