American Tower Corporation $AMT Shares Purchased by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. increased its stake in shares of American Tower Corporation (NYSE:AMT) by 3.7% during the third quarter, Holdings Channel reports. The institutional investor owned 910,251 shares of the real estate investment trust’s stock after acquiring an additional 32,385 shares during the period. American Tower comprises about 2.0% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 8th biggest position. Duff & Phelps Investment Management Co.’s holdings in American Tower were worth $175,059,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Abound Wealth Management lifted its position in shares of American Tower by 137.3% during the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 81 shares during the period. Root Financial Partners LLC acquired a new stake in shares of American Tower in the 3rd quarter worth approximately $32,000. Physician Wealth Advisors Inc. increased its stake in American Tower by 85.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 171 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 79 shares in the last quarter. Westside Investment Management Inc. raised its holdings in American Tower by 103.6% during the third quarter. Westside Investment Management Inc. now owns 169 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 86 shares during the last quarter. Finally, VSM Wealth Advisory LLC raised its holdings in American Tower by 136.4% during the second quarter. VSM Wealth Advisory LLC now owns 156 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 90 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Stock Performance

NYSE AMT opened at $182.82 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27. American Tower Corporation has a fifty-two week low of $166.88 and a fifty-two week high of $234.33. The business has a fifty day moving average of $181.14 and a 200-day moving average of $184.47. The stock has a market cap of $85.21 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 0.78 and a beta of 0.92.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing analysts’ consensus estimates 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 prior year, the business posted $2.62 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. As a group, analysts predict that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date is Tuesday, April 14th. American Tower’s payout ratio is presently 132.84%.

Analyst Upgrades and Downgrades

AMT has been the topic of several research reports. Scotiabank lowered their target price on American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 25th. New Street Research upgraded shares of American Tower from a “neutral” rating to a “buy” rating and set a $203.00 price objective on the stock in a research report on Monday, January 5th. Raymond James Financial decreased their price objective on shares of American Tower from $231.00 to $229.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 23rd. Weiss Ratings restated a “hold (c)” rating on shares of American Tower in a report on Monday, December 29th. Finally, Barclays restated an “equal weight” rating and set a $200.00 target price (down from $203.00) on shares of American Tower in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $217.35.

Insider Buying and Selling at American Tower

In other news, COO Eugene M. Noel sold 41,209 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total value of $7,872,979.45. Following the completion of the transaction, the chief operating officer owned 29,592 shares of the company’s stock, valued at $5,653,551.60. The trade was a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.17% of the stock is currently owned by corporate insiders.

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.