American Tower Corporation $AMT Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. cut its stake in American Tower Corporation (NYSE:AMT) by 49.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 309,522 shares of the real estate investment trust’s stock after selling 308,672 shares during the quarter. Macquarie Group Ltd.’s holdings in American Tower were worth $54,343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Gerber Kawasaki Wealth & Investment Management lifted its stake in American Tower by 28.1% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,532 shares of the real estate investment trust’s stock valued at $269,000 after buying an additional 336 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in American Tower by 84.6% in the 4th quarter. Quadrant Capital Group LLC now owns 15,187 shares of the real estate investment trust’s stock valued at $2,667,000 after buying an additional 6,958 shares in the last quarter. Douglass Winthrop Advisors LLC lifted its stake in American Tower by 9.7% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 508,885 shares of the real estate investment trust’s stock valued at $89,345,000 after buying an additional 45,182 shares in the last quarter. Laurel Oak Wealth Management LLC purchased a new position in American Tower in the 4th quarter valued at about $406,000. Finally, Northwest & Ethical Investments L.P. lifted its stake in American Tower by 5.8% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 51,528 shares of the real estate investment trust’s stock valued at $9,047,000 after buying an additional 2,831 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Mizuho raised shares of American Tower from a “neutral” rating to an “outperform” rating and raised their price target for the company from $189.00 to $205.00 in a research note on Wednesday, April 15th. Truist Financial raised their price target on shares of American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. TD Cowen lowered their target price on American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. Scotiabank boosted 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. Finally, BMO Capital Markets boosted their target price on American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a report 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 assigned a Hold rating to the company. According to MarketBeat.com, American Tower presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.20.

American Tower Trading Down 1.1%

Shares of American Tower stock opened at $187.20 on Friday. The stock has a market cap of $87.22 billion, a P/E ratio of 30.24, a P/E/G ratio of 0.79 and a beta of 0.90. The stock’s 50 day simple moving average is $181.01 and its 200-day simple moving average is $179.92. 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.

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

American Tower Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, June 12th. American Tower’s payout ratio is presently 115.67%.

Insider Activity at American Tower

In other news, 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 sale, the executive vice president owned 29,461 shares of the company’s stock, valued at approximately $5,230,505.94. The trade was a 1.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.