American Tower Corporation $AMT Shares Newly Acquired by Seilern Investment Management Ltd

Seilern Investment Management Ltd purchased a new stake in shares of American Tower Corporation (NYSE:AMT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 169,676 shares of the real estate investment trust’s stock, valued at approximately $27,774,000. American Tower comprises about 3.5% of Seilern Investment Management Ltd’s holdings, making the stock its 15th biggest position.

Other institutional investors have also modified their holdings of the company. Jericho Financial LLP boosted its stake in American Tower by 2.8% in the third quarter. Jericho Financial LLP now owns 13,635 shares of the real estate investment trust’s stock valued at $2,232,000 after acquiring an additional 369 shares in the last quarter. Fermata Advisors LLC purchased a new position in American Tower in the third quarter worth $281,000. NorthCrest Asset Manangement LLC increased its position in shares of American Tower by 411.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 6,980 shares of the real estate investment trust’s stock worth $1,164,000 after purchasing an additional 5,615 shares in the last quarter. Avior Wealth Management LLC acquired a new position in shares of American Tower during the third quarter worth $234,000. Finally, Valley Wealth Managers Inc. lifted its holdings in shares of American Tower by 3.2% during the 3rd quarter. Valley Wealth Managers Inc. now owns 27,418 shares of the real estate investment trust’s stock valued at $4,488,000 after purchasing an additional 842 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on AMT shares. Scotiabank reissued an “outperform” rating on shares of American Tower in a research report on Wednesday, July 29th. Jefferies Financial Group dropped their target price on American Tower from $210.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Wolfe Research raised American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 target price on the stock in a research report on Wednesday, July 8th. Royal Bank Of Canada upgraded American Tower from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $195.00 to $205.00 in a research note on Friday, June 26th. Finally, The Goldman Sachs Group set a $210.00 price target on American Tower in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.48.

Insider Transactions at American Tower

In other American Tower news, Director Rajesh Kalathur purchased 2,829 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were bought at an average price of $177.00 per share, for a total transaction of $500,733.00. Following the acquisition, the director owned 7,765 shares in the company, valued at $1,374,405. This represents a 57.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Robert Joseph Meyer sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total transaction of $894,450.00. Following the transaction, the chief financial officer directly owned 21,428 shares of the company’s stock, valued at $3,833,254.92. This represents a 18.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,791 shares of company stock worth $1,204,091 over the last three months. 0.08% of the stock is currently owned by insiders.

American Tower Stock Performance

Shares of AMT traded down $1.65 during trading hours on Tuesday, reaching $180.91. 1,191,938 shares of the company traded hands, compared to its average volume of 3,069,223. The stock has a market capitalization of $84.29 billion, a P/E ratio of 24.90, a P/E/G ratio of 2.93 and a beta of 0.88. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12. American Tower Corporation has a 12-month low of $160.06 and a 12-month high of $196.08. The business has a fifty day moving average price of $172.80 and a 200-day moving average price of $175.05.

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

American Tower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Wednesday, September 30th will be issued a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.0%. American Tower’s dividend payout ratio is currently 98.49%.

American Tower Company Profile

American Tower Corporation (NYSE: AMT) is a global real estate investment trust that owns, operates and develops communications infrastructure. Its portfolio includes wireless and broadcast towers, rooftop sites, distributed antenna systems and other facilities that support wireless communications, television and radio broadcasting, government communications and other connectivity services.

The company leases space on its communications sites to wireless carriers, broadcasters, government agencies and other customers.