Fiduciary Family Office LLC Acquires 2,717 Shares of American Tower Corporation $AMT

Fiduciary Family Office LLC grew its stake in shares of American Tower Corporation (NYSE:AMT) by 109.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,210 shares of the real estate investment trust’s stock after purchasing an additional 2,717 shares during the quarter. Fiduciary Family Office LLC’s holdings in American Tower were worth $915,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Richards Merrill & Peterson Inc. purchased a new stake in shares of American Tower during the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. boosted its stake in shares of American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 68 shares during the period. Holos Integrated Wealth LLC purchased a new stake in shares of American Tower during the fourth quarter valued at approximately $27,000. Triumph Capital Management purchased a new stake in shares of American Tower during the third quarter valued at approximately $29,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of American Tower during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower Stock Performance

Shares of AMT stock opened at $185.44 on Wednesday. The stock has a fifty day moving average of $177.78 and a 200 day moving average of $179.38. American Tower Corporation has a 52 week low of $165.08 and a 52 week high of $234.33. The firm has a market capitalization of $86.39 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 0.78 and a beta of 0.90. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07.

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

American Tower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be paid a $1.79 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a yield of 3.9%. American Tower’s dividend payout ratio (DPR) is presently 115.67%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMT shares. JPMorgan Chase & Co. dropped their price objective on American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research note 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. Truist Financial increased their price objective on American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada reissued a “sector perform” rating and set a $195.00 price objective on shares of American Tower in a research note on Thursday, April 30th. Finally, Scotiabank increased their price objective on American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. One research 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $216.20.

Insiders Place Their Bets

In related news, 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 value 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 sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur purchased 2,671 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average cost of $185.30 per share, with a total value of $494,936.30. Following the purchase, the director directly 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 SEC filing for this purchase provides additional information. Company insiders own 0.08% of the company’s stock.

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.