Mondrian Investment Partners LTD Has $1.53 Million Holdings in American Tower Corporation $AMT

Mondrian Investment Partners LTD raised its holdings in shares of American Tower Corporation (NYSE:AMTFree Report) by 64.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,687 shares of the real estate investment trust’s stock after buying an additional 3,391 shares during the quarter. Mondrian Investment Partners LTD’s holdings in American Tower were worth $1,525,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Schwarz Dygos Wheeler Investment Advisors LLC increased its position in shares of American Tower by 5.9% during the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 3,640 shares of the real estate investment trust’s stock valued at $639,000 after purchasing an additional 203 shares during the period. MQS Management LLC bought a new stake in shares of American Tower during the fourth quarter valued at approximately $554,000. Guinness Asset Management LTD increased its position in shares of American Tower by 69.8% during the fourth quarter. Guinness Asset Management LTD now owns 625 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 257 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of American Tower by 119.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,859 shares of the real estate investment trust’s stock valued at $678,000 after purchasing an additional 2,101 shares during the period. Finally, Delta Financial Advisors LLC increased its position in shares of American Tower by 30.1% during the fourth quarter. Delta Financial Advisors LLC now owns 1,884 shares of the real estate investment trust’s stock valued at $331,000 after purchasing an additional 436 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

More American Tower News

Here are the key news stories impacting American Tower this week:

American Tower Price Performance

Shares of AMT stock opened at $183.77 on Friday. The stock’s fifty day moving average is $177.40 and its 200-day moving average is $179.12. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market capitalization of $85.62 billion, a PE ratio of 29.69, a PEG ratio of 0.77 and a beta of 0.90. American Tower Corporation has a 52 week low of $165.08 and a 52 week high of $234.33.

American Tower (NYSE:AMTGet Free Report) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping the consensus estimate of $1.60 by $1.24. The company 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Equities research analysts expect that American Tower Corporation will post 10.67 EPS for the current fiscal year.

American Tower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, June 12th. American Tower’s dividend payout ratio is presently 115.67%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMT. Barclays lowered their price objective on American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Royal Bank Of Canada restated a “sector perform” rating and set a $195.00 price objective on shares of American Tower in a research report on Thursday, April 30th. Morgan Stanley lowered their price objective on American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Mizuho upgraded American Tower from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $189.00 to $205.00 in a research report on Wednesday, April 15th. Finally, Sanford C. Bernstein upgraded American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price objective on the stock in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, American Tower currently has an average rating of “Moderate Buy” and a consensus target price of $216.20.

Read Our Latest Analysis on AMT

Insider Transactions at American Tower

In other American Tower news, Director Rajesh Kalathur bought 2,671 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were bought at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the acquisition, the director owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction on 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 sale, the chief operating officer owned 29,592 shares in the company, valued at $5,653,551.60. The trade was a 58.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 42,181 shares of company stock worth $8,046,071. Insiders own 0.08% of the company’s stock.

About American Tower

(Free Report)

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.

See Also

Institutional Ownership by Quarter for American Tower (NYSE:AMT)

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