Trillium Asset Management LLC Has $19.16 Million Stock Holdings in American Tower Corporation $AMT

Trillium Asset Management LLC lowered its position in shares of American Tower Corporation (NYSE:AMT) by 9.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,699 shares of the real estate investment trust’s stock after selling 8,910 shares during the quarter. Trillium Asset Management LLC’s holdings in American Tower were worth $19,162,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hopwood Financial Services Inc. lifted its holdings in shares of American Tower by 100.0% during the first quarter. Hopwood Financial Services Inc. now owns 120 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 60 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of American Tower by 86.0% during the second quarter. Rosenberg Matthew Hamilton now owns 173 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 80 shares in the last quarter. Saudi Central Bank acquired a new stake in shares of American Tower during the first quarter worth $40,000. Accredited Wealth Management LLC lifted its holdings in shares of American Tower by 180.0% during the first quarter. Accredited Wealth Management LLC now owns 210 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 135 shares in the last quarter. Finally, Park Square Financial Group LLC lifted its holdings in shares of American Tower by 512.8% during the first quarter. Park Square Financial Group LLC now owns 239 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AMT shares. The Goldman Sachs Group dropped their target price on American Tower from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. TD Cowen dropped their price target on American Tower from $249.00 to $235.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Jefferies Financial Group dropped their price target on American Tower from $281.00 to $226.00 and set a “buy” rating for the company in a research note on Monday, October 13th. JPMorgan Chase & Co. dropped their price target on American Tower from $255.00 to $250.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $231.00 price target (down previously from $250.00) on shares of American Tower in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, American Tower currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.11.

American Tower Stock Performance

American Tower stock opened at $180.37 on Wednesday. American Tower Corporation has a 12-month low of $172.51 and a 12-month high of $234.33. The company has a quick ratio of 0.95, a current ratio of 0.89 and a debt-to-equity ratio of 3.24. The business’s 50-day moving average price is $191.47 and its two-hundred day moving average price is $207.29. The stock has a market cap of $84.46 billion, a PE ratio of 28.81, a P/E/G ratio of 1.08 and a beta of 0.86.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.14. American Tower had a return on equity of 28.79% and a net margin of 28.11%.The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the business posted $2.52 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. As a group, analysts expect that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th were given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Tuesday, September 30th. American Tower’s payout ratio is currently 108.63%.

Insider Transactions at American Tower

In other news, Director Eugene F. Reilly purchased 5,554 shares of American Tower stock in a transaction dated Friday, October 31st. The shares were bought at an average cost of $178.99 per share, for a total transaction of $994,110.46. Following the completion of the acquisition, the director owned 5,689 shares in the company, valued at approximately $1,018,274.11. This trade represents a 4,114.07% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is currently owned by corporate insiders.

About American Tower

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.