Sei Investments Co. Has $154.11 Million Stock Position in American Tower Corporation $AMT

Sei Investments Co. cut its holdings in shares of American Tower Corporation (NYSE:AMT) by 12.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 801,335 shares of the real estate investment trust’s stock after selling 114,831 shares during the quarter. Sei Investments Co. owned 0.17% of American Tower worth $154,109,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of American Tower by 8.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,793 shares of the real estate investment trust’s stock worth $18,615,000 after purchasing an additional 7,872 shares during the period. Eastern Bank increased its stake in American Tower by 69.6% in the 3rd quarter. Eastern Bank now owns 139,091 shares of the real estate investment trust’s stock valued at $26,750,000 after buying an additional 57,078 shares during the period. Machina Capital S.A.S. acquired a new position in American Tower in the 3rd quarter valued at approximately $2,871,000. Krilogy Financial LLC purchased a new stake in American Tower in the 3rd quarter worth approximately $1,044,000. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in shares of American Tower by 92.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 61,397 shares of the real estate investment trust’s stock valued at $11,808,000 after buying an additional 29,486 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower Stock Down 1.7%

American Tower stock opened at $179.66 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27. American Tower Corporation has a 1-year low of $166.88 and a 1-year high of $234.33. The firm’s fifty day simple moving average is $181.23 and its 200-day simple moving average is $184.44. The company has a market capitalization of $83.74 billion, a P/E ratio of 33.33, a P/E/G ratio of 0.77 and a beta of 0.92.

American Tower (NYSE:AMT) last issued its quarterly earnings data 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). American Tower had a return on equity of 24.36% and a net margin of 23.76%.The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the prior year, the company posted $2.62 earnings per share. 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. Sell-side analysts forecast 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 issued a dividend of $1.79 per share. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.0%. This is a positive change from American Tower’s previous quarterly dividend of $1.70. American Tower’s payout ratio is currently 126.16%.

Analysts Set New Price Targets

AMT has been the topic of several research analyst reports. TD Cowen lowered their price target on shares of American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. Weiss Ratings reissued a “hold (c)” rating on shares of American Tower in a research report on Monday, December 29th. JPMorgan Chase & Co. lowered their target price 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. Jefferies Financial Group upped their target price on American Tower from $200.00 to $209.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Sanford C. Bernstein initiated coverage on American Tower in a research note on Thursday, March 5th. They set a “market perform” rating and a $205.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $217.35.

Insider Transactions at American Tower

In other American Tower news, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $5,653,551.60. This represents a 58.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rajesh Kalathur purchased 2,671 shares of the stock in a transaction on Tuesday, March 10th. The shares were bought at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the acquisition, the director owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. The trade was a 117.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.17% of the company’s stock.

About American Tower

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.