Greenleaf Trust Sells 4,823 Shares of American Tower Corporation $AMT

Greenleaf Trust trimmed its stake in shares of American Tower Corporation (NYSE:AMT) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 113,549 shares of the real estate investment trust’s stock after selling 4,823 shares during the quarter. Greenleaf Trust’s holdings in American Tower were worth $19,936,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of American Tower by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust’s stock valued at $12,239,277,000 after acquiring an additional 611,801 shares during the period. Invesco Ltd. lifted its position in shares of American Tower by 3.1% during the 3rd quarter. Invesco Ltd. now owns 6,888,633 shares of the real estate investment trust’s stock valued at $1,324,822,000 after acquiring an additional 208,109 shares during the period. Capital Research Global Investors lifted its position in shares of American Tower by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 4,924,771 shares of the real estate investment trust’s stock valued at $947,132,000 after acquiring an additional 15,145 shares during the period. Legal & General Group Plc lifted its position in shares of American Tower by 3.5% during the 3rd quarter. Legal & General Group Plc now owns 4,653,248 shares of the real estate investment trust’s stock worth $894,913,000 after buying an additional 159,223 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of American Tower by 1,984.8% during the 3rd quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock worth $858,552,000 after buying an additional 4,250,242 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

American Tower Price Performance

Shares of AMT stock opened at $173.90 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27. The company has a market cap of $81.05 billion, a P/E ratio of 32.26, a P/E/G ratio of 0.73 and a beta of 0.92. American Tower Corporation has a twelve month low of $165.08 and a twelve month high of $234.33. The business has a fifty day simple moving average of $180.82 and a 200 day simple moving average of $181.35.

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

American Tower Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AMT shares. Royal Bank Of Canada dropped 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. UBS Group dropped their price objective on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. New Street Research upgraded American Tower from a “neutral” rating to a “buy” rating and set a $203.00 price objective for the company in a research report on Monday, January 5th. Sanford C. Bernstein started coverage on American Tower in a research report on Thursday, March 5th. They set a “market perform” rating and a $205.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of American Tower in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, American Tower presently has a consensus rating of “Moderate Buy” and an average price target of $216.76.

Insider Activity

In other news, Director Rajesh Kalathur bought 2,671 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was purchased at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the transaction, the director owned 4,936 shares of the company’s stock, valued at $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction dated 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. This represents a 58.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.17% of the stock is currently owned by company insiders.

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.