Quantbot Technologies LP Buys Shares of 52,029 American Tower Corporation $AMT

Quantbot Technologies LP bought a new position in shares of American Tower Corporation (NYSE:AMT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 52,029 shares of the real estate investment trust’s stock, valued at approximately $10,006,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of American Tower by 1.0% during the third quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust’s stock valued at $12,239,277,000 after acquiring an additional 611,801 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in American Tower by 24.3% in the second quarter. JPMorgan Chase & Co. now owns 12,666,082 shares of the real estate investment trust’s stock valued at $2,799,458,000 after purchasing an additional 2,474,328 shares during the period. Invesco Ltd. raised its position in American Tower by 11.9% during the 2nd quarter. Invesco Ltd. now owns 6,680,524 shares of the real estate investment trust’s stock worth $1,476,529,000 after purchasing an additional 708,808 shares during the last quarter. Norges Bank acquired a new position in American Tower during the 2nd quarter worth about $1,371,875,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in American Tower by 3.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,563,565 shares of the real estate investment trust’s stock worth $1,229,659,000 after buying an additional 208,213 shares during the period. 92.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of American Tower stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total value of $159,631,314.75. Following the completion of the sale, the insider owned 211,379 shares of the company’s stock, valued at approximately $14,743,685.25. This trade represents a 91.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.17% of the company’s stock.

American Tower Price Performance

AMT opened at $191.72 on Friday. The firm has a market cap of $89.76 billion, a P/E ratio of 35.57, a PEG ratio of 0.78 and a beta of 0.93. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.89 and a current ratio of 0.60. American Tower Corporation has a fifty-two week low of $166.88 and a fifty-two week high of $234.33. The firm has a 50-day moving average of $179.11 and a 200 day moving average of $185.66.

American Tower (NYSE:AMT) last issued its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.54 by ($0.79). American Tower had a return on equity of 24.36% and a net margin of 23.76%.The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the previous year, the business earned $2.62 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, research analysts expect that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, December 29th were paid a dividend of $1.70 per share. The ex-dividend date was Monday, December 29th. This represents a $6.80 annualized dividend and a dividend yield of 3.5%. American Tower’s dividend payout ratio is presently 126.16%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMT. UBS Group cut their price objective on American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a research note on Wednesday. Morgan Stanley lowered their price target on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday. Raymond James Financial decreased their price objective on shares of American Tower from $231.00 to $229.00 and set a “strong-buy” rating for the company in a research report on Friday, January 23rd. Barclays reaffirmed an “equal weight” rating and issued a $200.00 price target (down from $203.00) on shares of American Tower in a research note on Monday, December 1st. Finally, Jefferies Financial Group raised their price objective on American Tower from $200.00 to $209.00 and gave the company a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $218.00.

American Tower Profile

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.