American Tower Corporation $AMT Shares Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd raised its holdings in American Tower Corporation (NYSE:AMT) by 1,759.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 244,268 shares of the real estate investment trust’s stock after purchasing an additional 231,129 shares during the quarter. Quadrature Capital Ltd owned 0.05% of American Tower worth $46,963,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Brighton Jones LLC boosted its position in shares of American Tower by 113.0% during the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after purchasing an additional 2,104 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of American Tower by 34.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 368 shares in the last quarter. United Bank lifted its stake in shares of American Tower by 12.7% in the second quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock valued at $1,434,000 after purchasing an additional 733 shares during the period. Acadian Asset Management LLC boosted its holdings in American Tower by 152.6% during the second quarter. Acadian Asset Management LLC now owns 12,901 shares of the real estate investment trust’s stock worth $2,850,000 after buying an additional 7,794 shares in the last quarter. Finally, Montag A & Associates Inc. boosted its holdings in American Tower by 45.1% during the second quarter. Montag A & Associates Inc. now owns 650 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 202 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Eugene M. Noel sold 41,209 shares of American Tower 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 completion of the sale, the chief operating officer owned 29,592 shares in the company, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rajesh Kalathur bought 2,671 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average cost of $185.30 per share, with a total value of $494,936.30. Following the purchase, the director directly owned 4,936 shares in the company, valued at $914,640.80. The trade was a 117.92% increase in their position. The SEC filing for this purchase provides additional information. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on AMT. Barclays reaffirmed an “equal weight” rating and issued a $200.00 target price (down from $203.00) on shares of American Tower in a report on Monday, December 1st. Royal Bank Of Canada lowered their price target 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. Sanford C. Bernstein initiated coverage on American Tower in a research note on Thursday, March 5th. They issued a “market perform” rating and a $205.00 price objective for the company. New Street Research raised American Tower from a “neutral” rating to a “buy” rating and set a $203.00 price objective for the company in a report on Monday, January 5th. Finally, TD Cowen decreased their target price on American Tower from $235.00 to $225.00 in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $217.35.

American Tower Stock Down 1.7%

AMT stock opened at $179.66 on Friday. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60. The company’s 50 day simple moving average is $181.23 and its 200-day simple moving average is $184.44. American Tower Corporation has a 12 month low of $166.88 and a 12 month high of $234.33. The firm has a market capitalization of $83.74 billion, a PE ratio of 33.33, a P/E/G ratio of 0.77 and a beta of 0.92.

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

American Tower Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be given a $1.79 dividend. This is an increase from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, April 14th. American Tower’s dividend payout ratio (DPR) is currently 126.16%.

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.