Soltis Investment Advisors LLC Buys 3,575 Shares of American Tower Corporation $AMT

Soltis Investment Advisors LLC boosted its stake in shares of American Tower Corporation (NYSE:AMT) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,156 shares of the real estate investment trust’s stock after buying an additional 3,575 shares during the period. Soltis Investment Advisors LLC’s holdings in American Tower were worth $7,752,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of American Tower by 8.9% in the 3rd 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 in the last quarter. Krilogy Financial LLC bought a new stake in shares of American Tower in the 3rd quarter worth $1,044,000. Machina Capital S.A.S. bought a new stake in shares of American Tower in the 3rd quarter worth $2,871,000. Commerzbank Aktiengesellschaft FI increased its holdings in shares of American Tower by 92.4% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 61,397 shares of the real estate investment trust’s stock worth $11,808,000 after purchasing an additional 29,486 shares in the last quarter. Finally, National Pension Service increased its holdings in shares of American Tower by 2.5% in the 3rd quarter. National Pension Service now owns 1,240,270 shares of the real estate investment trust’s stock worth $238,529,000 after purchasing an additional 30,368 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AMT. Scotiabank lifted their target price on American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Citizens Jmp reissued a “market outperform” rating and issued a $260.00 target price on shares of American Tower in a report on Wednesday, April 29th. Weiss Ratings raised American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Barclays reduced their target price on American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Finally, UBS Group reduced their target price on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $218.05.

American Tower Stock Performance

AMT stock opened at $170.74 on Friday. The company has a market cap of $79.54 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 0.71 and a beta of 0.90. American Tower Corporation has a 1 year low of $165.08 and a 1 year high of $234.33. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. The stock’s fifty day moving average price is $177.80 and its 200-day moving average price is $179.11.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the business posted $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, equities analysts forecast that American Tower Corporation will post 10.67 earnings per share for the current year.

American Tower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were paid a $1.79 dividend. This is an increase from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date was Tuesday, April 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.2%. American Tower’s dividend payout ratio (DPR) is 115.67%.

Insider Transactions at American Tower

In other news, Director Rajesh Kalathur purchased 2,671 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were purchased at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the purchase, the director directly owned 4,936 shares in the company, valued at approximately $914,640.80. This represents a 117.92% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Eugene M. Noel sold 41,209 shares of American Tower 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 transaction, the chief operating officer owned 29,592 shares in the company, valued at $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 42,181 shares of company stock worth $8,046,071 in the last ninety days. Insiders own 0.08% of the company’s stock.

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.