American Tower Corporation $AMT Holdings Lowered by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. trimmed its stake in shares of American Tower Corporation (NYSE:AMT) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 160,858 shares of the real estate investment trust’s stock after selling 3,991 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in American Tower were worth $28,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMT. Krilogy Financial LLC acquired a new position in shares of American Tower in the 3rd quarter worth approximately $1,044,000. Machina Capital S.A.S. acquired a new position in shares of American Tower in the 3rd quarter worth approximately $2,871,000. ABC Arbitrage SA acquired a new position in shares of American Tower in the 3rd quarter worth approximately $4,093,000. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of American Tower by 4.9% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 181,053 shares of the real estate investment trust’s stock worth $34,820,000 after purchasing an additional 8,466 shares during the last quarter. Finally, ING Groep NV grew its stake in shares of American Tower by 5,413.1% in the 3rd quarter. ING Groep NV now owns 60,534 shares of the real estate investment trust’s stock worth $11,642,000 after purchasing an additional 59,436 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

American Tower Stock Performance

AMT stock opened at $187.79 on Tuesday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market cap of $87.49 billion, a P/E ratio of 30.34, a P/E/G ratio of 0.78 and a beta of 0.90. The firm has a 50 day simple moving average of $177.78 and a 200 day simple moving average of $179.38. American Tower Corporation has a 52 week low of $165.08 and a 52 week high of $234.33.

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

American Tower Dividend Announcement

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

Insider Buying and Selling

In other American Tower news, Director Rajesh Kalathur bought 2,671 shares of American Tower 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 purchase, the director directly owned 4,936 shares of the company’s stock, valued at $914,640.80. The trade was a 117.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction that occurred on Wednesday, April 29th. The shares were 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 owned 29,461 shares of the company’s stock, valued at $5,230,505.94. This trade represents a 1.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AMT has been the topic of several recent research reports. Truist Financial lifted their price objective on shares of American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. TD Cowen dropped their target price on shares of American Tower from $235.00 to $225.00 in a research report on Wednesday, February 25th. Citizens Jmp reissued a “market outperform” rating and issued a $260.00 target price on shares of American Tower in a research report on Wednesday, April 29th. Barclays dropped their target price on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Finally, Jefferies Financial Group lifted their target price on shares of American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, American Tower currently has an average rating of “Moderate Buy” and an average target price of $216.20.

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.