American Tower Corporation $AMT Stock Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH raised its stake in American Tower Corporation (NYSE:AMT) by 2.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 374,918 shares of the real estate investment trust’s stock after buying an additional 8,280 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in American Tower were worth $61,370,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AMT. BlackRock Inc. acquired a new stake in shares of American Tower during the second quarter valued at about $7,490,943,000. J. Stern & Co. LLP increased its stake in shares of American Tower by 28,121.1% in the fourth quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust’s stock valued at $6,616,703,000 after buying an additional 37,553,436 shares during the period. State Street Corp raised its holdings in American Tower by 2.9% in the 2nd quarter. State Street Corp now owns 22,066,202 shares of the real estate investment trust’s stock valued at $3,647,491,000 after buying an additional 631,593 shares during the last quarter. Lazard Asset Management LLC raised its holdings in American Tower by 20.4% in the 1st quarter. Lazard Asset Management LLC now owns 7,325,943 shares of the real estate investment trust’s stock valued at $1,264,311,000 after buying an additional 1,240,780 shares during the last quarter. Finally, Invesco Ltd. boosted its position in American Tower by 0.9% during the 4th quarter. Invesco Ltd. now owns 6,948,190 shares of the real estate investment trust’s stock worth $1,219,894,000 after buying an additional 59,557 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMT has been the topic of a number of recent analyst reports. Barclays lifted their price objective on American Tower from $198.00 to $199.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 30th. Weiss Ratings lowered shares of American Tower from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. BMO Capital Markets raised their price target on shares of American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. Scotiabank restated an “outperform” rating on shares of American Tower in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group reduced their price objective on shares of American Tower from $210.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $215.48.

Insiders Place Their Bets

In other news, CFO Robert Joseph Meyer sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $178.89, for a total transaction of $894,450.00. Following the completion of the sale, the chief financial officer owned 21,428 shares of the company’s stock, valued at $3,833,254.92. This trade represents a 18.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ruth Dowling sold 1,106 shares of American Tower stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total transaction of $193,505.76. Following the completion of the sale, the executive vice president directly owned 27,711 shares of the company’s stock, valued at approximately $4,848,316.56. This trade represents a 3.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 6,791 shares of company stock worth $1,204,091. Corporate insiders own 0.08% of the company’s stock.

American Tower Stock Down 0.0%

Shares of NYSE:AMT opened at $179.38 on Thursday. The company has a market capitalization of $83.58 billion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 2.88 and a beta of 0.88. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52. The business’s 50-day moving average is $173.12 and its 200-day moving average is $175.21. American Tower Corporation has a 1 year low of $160.06 and a 1 year high of $196.08.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 EPS for the quarter, topping the consensus estimate of $1.57 by $1.14. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Equities research analysts predict that American Tower Corporation will post 10.80 earnings per share for the current year.

American Tower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Wednesday, September 30th. American Tower’s dividend payout ratio is presently 98.49%.

American Tower Profile

American Tower Corporation (NYSE: AMT) is a global real estate investment trust that owns, operates and develops communications infrastructure. Its portfolio includes wireless and broadcast towers, rooftop sites, distributed antenna systems and other facilities that support wireless communications, television and radio broadcasting, government communications and other connectivity services.

The company leases space on its communications sites to wireless carriers, broadcasters, government agencies and other customers.