Stock Yards Bank & Trust Co. Sells 5,065 Shares of American Tower Corporation $AMT

Stock Yards Bank & Trust Co. trimmed its holdings in American Tower Corporation (NYSE:AMT) by 5.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,236 shares of the real estate investment trust’s stock after selling 5,065 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in American Tower were worth $16,369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Abound Wealth Management boosted its stake in American Tower by 137.3% in the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 81 shares during the period. Triumph Capital Management purchased a new stake in shares of American Tower during the 3rd quarter worth approximately $29,000. Holos Integrated Wealth LLC purchased a new stake in shares of American Tower during the 4th quarter worth approximately $27,000. Root Financial Partners LLC purchased a new stake in shares of American Tower during the 3rd quarter worth approximately $32,000. Finally, Westside Investment Management Inc. raised its holdings in shares of American Tower by 103.6% during the 3rd quarter. Westside Investment Management Inc. now owns 169 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 86 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

American Tower Stock Performance

NYSE:AMT opened at $176.20 on Tuesday. The stock’s fifty day moving average is $180.95 and its 200 day moving average is $181.48. American Tower Corporation has a fifty-two week low of $165.08 and a fifty-two week high of $234.33. The firm has a market capitalization of $82.12 billion, a PE ratio of 32.69, a PEG ratio of 0.73 and a beta of 0.92. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.60 and a current ratio of 0.60.

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 the consensus estimate of $2.54 by ($0.79). American Tower had a net margin of 23.76% and a return on equity of 24.36%. 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 previous year, the company posted $2.62 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, sell-side analysts anticipate that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be paid a $1.79 dividend. The ex-dividend date is Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 dividend on an annualized basis and a yield of 4.1%. American Tower’s payout ratio is 126.16%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMT. Jefferies Financial Group upped their price objective on American Tower from $200.00 to $209.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Mizuho decreased their price objective on American Tower from $217.00 to $189.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. UBS Group decreased their price objective on American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Royal Bank Of Canada decreased 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. Finally, Morgan Stanley decreased their price objective on American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, American Tower has an average rating of “Moderate Buy” and an average price target of $216.76.

Insiders Place Their Bets

In other American Tower news, Director Rajesh Kalathur bought 2,671 shares of American Tower stock in a transaction on 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 completion of the purchase, the director directly owned 4,936 shares in the company, valued at approximately $914,640.80. This trade represents a 117.92% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Eugene M. Noel sold 41,209 shares of the 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 sale, the chief operating officer 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 disclosure for this sale is available in the SEC filing. Company insiders own 0.17% of the company’s stock.

American Tower 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.