Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stock Holdings in American Tower Corporation $AMT

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in American Tower Corporation (NYSE:AMT) by 5.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 972,099 shares of the real estate investment trust’s stock after purchasing an additional 53,150 shares during the quarter. American Tower makes up 0.9% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings, making the stock its 18th biggest holding. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in American Tower were worth $170,671,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMT. Richards Merrill & Peterson Inc. purchased a new position in shares of American Tower in the 4th quarter worth about $25,000. Oakworth Capital Inc. boosted its holdings in shares of American Tower by 90.7% in the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 68 shares in the last quarter. Holos Integrated Wealth LLC purchased a new position in shares of American Tower in the 4th quarter worth about $27,000. Triumph Capital Management purchased a new position in shares of American Tower in the 3rd quarter worth about $29,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of American Tower in the 4th quarter worth about $30,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on AMT. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $195.00 target price on shares of American Tower in a research report on Thursday, April 30th. Truist Financial lifted their target price on shares of American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Raymond James Financial reiterated a “strong-buy” rating and issued a $240.00 target price on shares of American Tower in a research report on Wednesday, April 29th. Weiss Ratings raised American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, BMO Capital Markets boosted their target price on American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $216.20.

Insiders Place Their Bets

In other news, Director Rajesh Kalathur purchased 2,671 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were acquired at an average price of $185.30 per share, with a total value of $494,936.30. Following the acquisition, the director directly owned 4,936 shares in the company, valued at approximately $914,640.80. The trade was a 117.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ruth T. Dowling sold 416 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total transaction of $73,856.64. Following the completion of the sale, the executive vice president directly owned 29,461 shares in the company, valued at approximately $5,230,505.94. This trade represents a 1.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 42,181 shares of company stock valued at $8,046,071 in the last quarter. Insiders own 0.08% of the company’s stock.

American Tower Trading Up 0.1%

NYSE AMT opened at $186.87 on Friday. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. The stock has a 50-day moving average of $177.67 and a 200-day moving average of $179.37. The firm has a market cap of $87.06 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 0.78 and a beta of 0.90.

American Tower (NYSE:AMT) last announced 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 business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, sell-side analysts forecast that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Friday, June 12th will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, June 12th. American Tower’s dividend payout ratio (DPR) is 115.67%.

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.