Schroder Investment Management Group Increases Stake in American Tower Corporation $AMT

Schroder Investment Management Group increased its position in shares of American Tower Corporation (NYSE:AMT) by 2.8% in the third quarter, Holdings Channel.com reports. The firm owned 291,001 shares of the real estate investment trust’s stock after purchasing an additional 7,813 shares during the quarter. Schroder Investment Management Group’s holdings in American Tower were worth $55,965,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in American Tower by 8.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,793 shares of the real estate investment trust’s stock worth $18,615,000 after acquiring an additional 7,872 shares in the last quarter. Eastern Bank increased its position in American Tower by 69.6% during the 3rd quarter. Eastern Bank now owns 139,091 shares of the real estate investment trust’s stock valued at $26,750,000 after purchasing an additional 57,078 shares during the period. Machina Capital S.A.S. bought a new stake in shares of American Tower in the 3rd quarter valued at about $2,871,000. Krilogy Financial LLC purchased a new stake in shares of American Tower in the 3rd quarter worth approximately $1,044,000. Finally, Commerzbank Aktiengesellschaft FI lifted its position in shares of American Tower by 92.4% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 61,397 shares of the real estate investment trust’s stock worth $11,808,000 after purchasing an additional 29,486 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AMT shares. Scotiabank cut their price objective on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 25th. JPMorgan Chase & Co. dropped their target price on American Tower from $250.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Barclays reiterated an “equal weight” rating and issued a $200.00 price target (down from $203.00) on shares of American Tower in a report on Monday, December 1st. Sanford C. Bernstein started coverage on American Tower in a research report on Thursday, March 5th. They issued a “market perform” rating and a $205.00 price target for the company. Finally, The Goldman Sachs Group decreased their price objective on American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.35.

Insider Activity

In other news, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the transaction, the chief operating officer owned 29,592 shares in the company, valued at $5,653,551.60. This represents a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

American Tower Stock Performance

Shares of AMT opened at $185.93 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27. The firm has a market cap of $86.66 billion, a PE ratio of 34.49, a P/E/G ratio of 0.78 and a beta of 0.92. American Tower Corporation has a 12 month low of $166.88 and a 12 month high of $234.33. The stock has a fifty day moving average price of $181.00 and a 200-day moving average price of $184.48.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share for the quarter, missing the consensus estimate of $2.54 by ($0.79). American Tower had a return on equity of 24.36% and a net margin of 23.76%.The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter last year, the firm earned $2.62 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Equities research analysts predict that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be paid a dividend of $1.79 per share. The ex-dividend date is Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.9%. American Tower’s payout ratio is presently 126.16%.

About American Tower

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.