Pacer Advisors Inc. Has $60.54 Million Stock Position in American Tower Corporation $AMT

Pacer Advisors Inc. reduced its holdings in American Tower Corporation (NYSE:AMT) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 344,798 shares of the real estate investment trust’s stock after selling 32,445 shares during the period. Pacer Advisors Inc.’s holdings in American Tower were worth $60,536,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. J. Stern & Co. LLP grew 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 worth $6,616,703,000 after acquiring an additional 37,553,436 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in American Tower by 20,721.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock valued at $1,705,254,000 after purchasing an additional 9,666,025 shares during the last quarter. Norges Bank bought a new stake in American Tower in the 4th quarter valued at $1,171,180,000. Lazard Asset Management LLC boosted its holdings in American Tower by 1,984.8% in the 3rd quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock valued at $858,552,000 after purchasing an additional 4,250,242 shares during the period. Finally, Capital International Investors grew its position in American Tower by 157.0% in the 4th quarter. Capital International Investors now owns 3,871,368 shares of the real estate investment trust’s stock worth $679,696,000 after purchasing an additional 2,364,898 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

American Tower Price Performance

Shares of American Tower stock opened at $175.66 on Friday. 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 firm’s 50-day simple moving average is $181.60 and its 200-day simple moving average is $179.94. American Tower Corporation has a twelve month low of $165.08 and a twelve month high of $234.33. The firm has a market cap of $81.84 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 0.76 and a beta of 0.90.

American Tower (NYSE:AMT) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the firm posted $2.75 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, research analysts expect that American Tower Corporation will post 10.67 EPS for the current fiscal year.

American Tower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, June 12th. American Tower’s dividend payout ratio is currently 115.67%.

Insider Buying and Selling at American Tower

In other news, EVP Ruth T. Dowling sold 416 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total value of $73,856.64. Following the completion of the transaction, the executive vice president directly owned 29,461 shares of the company’s stock, valued at approximately $5,230,505.94. This represents a 1.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AMT. Mizuho upgraded shares of American Tower from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $189.00 to $205.00 in a report on Wednesday, April 15th. UBS Group reduced their target price on shares of American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. JPMorgan Chase & Co. decreased their target price on American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Scotiabank raised their price objective on American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $240.00 price objective on shares of American Tower in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given 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 an average target price of $216.20.

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.