American Tower Corporation $AMT Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG reduced its holdings in shares of American Tower Corporation (NYSE:AMT) by 23.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 92,463 shares of the real estate investment trust’s stock after selling 28,113 shares during the period. J. Safra Sarasin Holding AG’s holdings in American Tower were worth $16,234,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AMT. Abound Wealth Management increased its holdings in shares of American Tower by 137.3% in the third quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 81 shares during the period. Holos Integrated Wealth LLC acquired a new stake in shares of American Tower during the fourth quarter worth $27,000. Triumph Capital Management purchased a new position in American Tower in the 3rd quarter valued at $29,000. Root Financial Partners LLC purchased a new stake in shares of American Tower in the third quarter valued at about $32,000. Finally, Physician Wealth Advisors Inc. boosted its holdings in shares of American Tower by 85.9% in the third quarter. Physician Wealth Advisors Inc. now owns 171 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 79 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American Tower

In other American Tower news, COO Eugene M. Noel sold 41,209 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was 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 directly owned 29,592 shares in the company, valued at approximately $5,653,551.60. The trade was a 58.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rajesh Kalathur acquired 2,671 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were acquired at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the acquisition, the director directly 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. The SEC filing for this purchase provides additional information. Insiders own 0.18% of the company’s stock.

American Tower Stock Up 0.4%

AMT stock opened at $170.19 on Tuesday. 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 $181.42 and its 200-day simple moving average is $182.22. American Tower Corporation has a 12 month low of $165.08 and a 12 month high of $234.33. The firm has a market capitalization of $79.32 billion, a PE ratio of 31.57, a P/E/G ratio of 0.71 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 the consensus estimate of $2.54 by ($0.79). The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. American Tower had a return on equity of 24.36% and a net margin of 23.76%.The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.62 earnings per share. 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a $7.16 annualized dividend and a dividend yield of 4.2%. This is an increase from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio is 126.16%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays reissued an “equal weight” rating and set a $200.00 price target (down from $203.00) on shares of American Tower in a report on Monday, December 1st. Raymond James Financial dropped their price objective on American Tower from $231.00 to $229.00 and set a “strong-buy” rating on the stock in a report on Friday, January 23rd. Royal Bank Of Canada cut their price objective on American Tower from $220.00 to $195.00 and set a “sector perform” rating for the company in a research report on Monday, January 12th. Sanford C. Bernstein began coverage on shares of American Tower in a report on Thursday, March 5th. They set a “market perform” rating and a $205.00 price objective on the stock. Finally, Jefferies Financial Group upped their target price on shares of American Tower from $200.00 to $209.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. One 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $217.35.

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.