Vanderbilt University Sells 6,312 Shares of American Tower Corporation $AMT

Vanderbilt University reduced its stake in American Tower Corporation (NYSE:AMT) by 13.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,555 shares of the real estate investment trust’s stock after selling 6,312 shares during the period. American Tower makes up approximately 1.2% of Vanderbilt University’s investment portfolio, making the stock its 15th biggest position. Vanderbilt University’s holdings in American Tower were worth $7,296,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of American Tower by 1.0% in the third 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 buying an additional 611,801 shares during the period. Invesco Ltd. boosted its stake in shares of American Tower by 3.1% in the third quarter. Invesco Ltd. now owns 6,888,633 shares of the real estate investment trust’s stock valued at $1,324,822,000 after buying an additional 208,109 shares during the period. Capital Research Global Investors boosted its stake in shares of American Tower by 0.3% in the third 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 buying an additional 15,145 shares during the period. Legal & General Group Plc boosted its stake in shares of American Tower by 3.5% in the third quarter. Legal & General Group Plc now owns 4,653,248 shares of the real estate investment trust’s stock valued at $894,913,000 after buying an additional 159,223 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in shares of American Tower by 1,984.8% in the third quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock valued at $858,552,000 after buying an additional 4,250,242 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMT has been the subject of several recent analyst reports. The Goldman Sachs Group cut their target price on American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Mizuho cut their target price on American Tower from $217.00 to $189.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. Royal Bank Of Canada cut their target price on American Tower from $220.00 to $195.00 and set a “sector perform” rating for the company 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 note on Thursday, February 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of American Tower in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.76.

Insider Buying and Selling at American Tower

In related news, Director Rajesh Kalathur purchased 2,671 shares of the stock in a transaction dated Tuesday, March 10th. The stock was bought at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the acquisition, the director owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. This represents a 117.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction on 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 sale, the chief operating officer owned 29,592 shares of the company’s stock, valued at $5,653,551.60. The trade was a 58.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.18% of the stock is currently owned by corporate insiders.

American Tower Stock Down 1.3%

Shares of NYSE:AMT opened at $173.90 on Wednesday. The company has a fifty day moving average of $180.82 and a 200-day moving average of $181.35. The company has a market capitalization of $81.05 billion, a PE ratio of 32.26, a price-to-earnings-growth 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 Corporation has a 52-week low of $165.08 and a 52-week high of $234.33.

American Tower (NYSE:AMT) last announced its quarterly earnings results 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 firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company posted $2.62 earnings per share. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, equities analysts predict that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Increases Dividend

The business also recently declared 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. This represents a $7.16 annualized dividend and a dividend yield of 4.1%. This is a boost from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date is Tuesday, April 14th. American Tower’s dividend payout ratio (DPR) is currently 132.84%.

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.