Silver Oak Securities Incorporated Has $399,000 Position in American Tower Corporation $AMT

Silver Oak Securities Incorporated lessened its stake in shares of American Tower Corporation (NYSE:AMT) by 58.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,260 shares of the real estate investment trust’s stock after selling 3,190 shares during the period. Silver Oak Securities Incorporated’s holdings in American Tower were worth $399,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Lazard Asset Management LLC grew its holdings in shares of American Tower by 1,984.8% during the 3rd quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock worth $858,552,000 after purchasing an additional 4,250,242 shares in the last quarter. Viking Global Investors LP grew its stake in American Tower by 233.5% during the second quarter. Viking Global Investors LP now owns 2,797,125 shares of the real estate investment trust’s stock worth $618,221,000 after buying an additional 1,958,329 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in American Tower during the third quarter worth about $305,872,000. Arrowstreet Capital Limited Partnership increased its holdings in American Tower by 35.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,796,007 shares of the real estate investment trust’s stock valued at $537,728,000 after buying an additional 724,504 shares during the period. Finally, Two Sigma Investments LP raised its position in shares of American Tower by 733.1% in the 3rd quarter. Two Sigma Investments LP now owns 804,761 shares of the real estate investment trust’s stock valued at $154,772,000 after buying an additional 708,158 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

American Tower Price Performance

Shares of NYSE:AMT opened at $173.73 on Friday. American Tower Corporation has a one year low of $165.08 and a one year high of $234.33. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $80.97 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 0.72 and a beta of 0.92. The firm has a 50 day simple moving average of $181.12 and a 200 day simple moving average of $181.93.

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

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be given a dividend of $1.79 per share. The ex-dividend date is Tuesday, April 14th. This represents a $7.16 dividend on an annualized basis and a yield of 4.1%. This is an increase from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio is presently 126.16%.

Insider Transactions at American Tower

In other American Tower news, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $191.05, for a total value of $7,872,979.45. Following the completion of the transaction, the chief operating officer directly owned 29,592 shares in the company, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rajesh Kalathur purchased 2,671 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were purchased at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the purchase, the director directly owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. This represents a 117.92% increase in their position. The SEC filing for this purchase provides additional information. 0.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AMT has been the topic of several analyst reports. Royal Bank Of Canada reduced their price target on shares of American Tower from $220.00 to $195.00 and set a “sector perform” rating on the stock in a research report on Monday, January 12th. New Street Research upgraded American Tower from a “neutral” rating to a “buy” rating and set a $203.00 target price for the company in a research note on Monday, January 5th. Morgan Stanley decreased their price target on American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Scotiabank lowered their price target on American Tower from $220.00 to $214.00 and set a “sector outperform” rating for the company in a report on Wednesday, February 25th. Finally, Truist Financial assumed coverage on American Tower in a research note on Tuesday. They issued a “buy” rating and a $205.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $216.76.

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.