American Tower (NYSE:AMT) COO Eugene Noel Sells 41,209 Shares

American Tower Corporation (NYSE:AMT) COO Eugene Noel sold 41,209 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the sale, the chief operating officer directly owned 29,592 shares in the company, valued at $5,653,551.60. This represents a 58.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

American Tower Price Performance

Shares of NYSE:AMT traded up $0.48 during trading on Wednesday, reaching $190.73. The stock had a trading volume of 2,457,185 shares, compared to its average volume of 3,220,320. The stock has a market capitalization of $89.29 billion, a PE ratio of 35.39, a P/E/G ratio of 0.80 and a beta of 0.92. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60. American Tower Corporation has a 52 week low of $166.88 and a 52 week high of $234.33. The business’s 50-day moving average price is $179.78 and its 200 day moving average price is $185.19.

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

American Tower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, December 29th were given a dividend of $1.70 per share. The ex-dividend date was Monday, December 29th. This represents a $6.80 annualized dividend and a yield of 3.6%. American Tower’s dividend payout ratio is 126.16%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marion Wealth Management lifted its stake in American Tower by 0.8% in the second quarter. Marion Wealth Management now owns 5,924 shares of the real estate investment trust’s stock valued at $1,309,000 after buying an additional 48 shares during the period. YANKCOM Partnership raised its position in shares of American Tower by 2.9% in the 2nd quarter. YANKCOM Partnership now owns 1,729 shares of the real estate investment trust’s stock valued at $382,000 after acquiring an additional 49 shares during the period. GPS Wealth Strategies Group LLC boosted its stake in American Tower by 2.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,566 shares of the real estate investment trust’s stock worth $567,000 after acquiring an additional 51 shares during the last quarter. Manchester Capital Management LLC grew its holdings in American Tower by 3.1% during the second quarter. Manchester Capital Management LLC now owns 1,808 shares of the real estate investment trust’s stock valued at $400,000 after purchasing an additional 54 shares during the period. Finally, Johnson Financial Group Inc. grew its holdings in American Tower by 7.1% during the second quarter. Johnson Financial Group Inc. now owns 833 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 55 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMT has been the topic of a number of research reports. Scotiabank reduced their target price on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, February 25th. Royal Bank Of Canada reduced their price objective on American Tower from $220.00 to $195.00 and set a “sector perform” rating on the stock in a report on Monday, January 12th. BMO Capital Markets increased their price objective on American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a research report on Wednesday, February 25th. New Street Research upgraded American Tower from a “neutral” rating to a “buy” rating and set a $203.00 target price for the company in a research report on Monday, January 5th. Finally, JPMorgan Chase & Co. cut their price target on American Tower from $250.00 to $245.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $218.00.

American Tower Company 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.