American Tower Corporation $AMT Stock: Robeco Institutional Asset Management B.V. Raises Position

Robeco Institutional Asset Management B.V. grew its stake in American Tower Corporation (NYSE:AMT) by 259.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 674,870 shares of the real estate investment trust’s stock after purchasing an additional 487,107 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in American Tower were worth $110,469,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Operose Advisors LLC acquired a new stake in American Tower during the 2nd quarter worth $25,000. Allied Private Wealth LLC purchased a new stake in American Tower in the second quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in American Tower in the second quarter valued at $33,000. Cache Advisors LLC acquired a new position in American Tower in the first quarter valued at $38,000. Finally, Kelleher Financial Advisors purchased a new position in shares of American Tower during the second quarter worth about $37,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American Tower

In related news, EVP Ruth T. Dowling sold 1,106 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total value of $193,505.76. Following the transaction, the executive vice president owned 27,711 shares in the company, valued at $4,848,316.56. The trade was a 3.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur acquired 2,829 shares of American Tower stock in a transaction on Friday, August 21st. The shares were bought at an average cost of $177.00 per share, with a total value of $500,733.00. Following the completion of the purchase, the director owned 7,765 shares in the company, valued at $1,374,405. The trade was a 57.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders sold 6,791 shares of company stock worth $1,204,091. Company insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AMT shares. Truist Financial reiterated a “buy” rating and set a $207.00 target price (down from $208.00) on shares of American Tower in a research report on Wednesday, August 12th. Royal Bank Of Canada raised American Tower from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $195.00 to $205.00 in a research report on Friday, June 26th. Wolfe Research raised American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 target price for the company in a research report on Wednesday, July 8th. TD Cowen raised their price target on American Tower from $225.00 to $227.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group set a $210.00 price target on American Tower in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, American Tower currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.90.

American Tower Stock Down 3.3%

Shares of NYSE:AMT opened at $177.45 on Thursday. The stock has a market cap of $82.69 billion, a P/E ratio of 16.75, a P/E/G ratio of 2.95 and a beta of 0.88. The firm has a fifty day moving average price of $174.27 and a 200 day moving average price of $175.58. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52. American Tower Corporation has a 1-year low of $160.06 and a 1-year high of $196.08.

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

American Tower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Wednesday, September 30th were paid a dividend of $1.79 per share. The ex-dividend date was Wednesday, September 30th. This represents a $7.16 annualized dividend and a dividend yield of 4.0%. American Tower’s dividend payout ratio is 98.49%.

American Tower Company Profile

American Tower Corporation (NYSE:AMT) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications.

The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations.