ASR Vermogensbeheer N.V. Buys 4,851 Shares of American Tower Corporation $AMT

ASR Vermogensbeheer N.V. boosted its stake in American Tower Corporation (NYSE:AMT) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 200,805 shares of the real estate investment trust’s stock after acquiring an additional 4,851 shares during the period. ASR Vermogensbeheer N.V.’s holdings in American Tower were worth $38,617,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Abound Wealth Management boosted its holdings in shares of American Tower by 137.3% during the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 81 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of American Tower during the 2nd quarter valued at $31,000. VSM Wealth Advisory LLC lifted its position in shares of American Tower by 136.4% during the 2nd quarter. VSM Wealth Advisory LLC now owns 156 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 90 shares during the period. Salomon & Ludwin LLC boosted its stake in American Tower by 147.9% during the third quarter. Salomon & Ludwin LLC now owns 181 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 108 shares in the last quarter. Finally, City Holding Co. acquired a new stake in American Tower in the third quarter worth $35,000. Institutional investors own 92.69% of the company’s stock.

American Tower Stock Performance

Shares of AMT stock opened at $183.82 on Friday. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a 50-day moving average of $177.86 and a 200-day moving average of $193.45. American Tower Corporation has a one year low of $166.88 and a one year high of $234.33. The company has a market cap of $86.06 billion, a P/E ratio of 29.36, a P/E/G ratio of 0.73 and a beta of 0.92.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.14. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.65 billion. American Tower had a net margin of 28.11% and a return on equity of 28.79%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.52 earnings per share. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. Equities research analysts forecast that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, December 29th will be issued a $1.70 dividend. The ex-dividend date of this dividend is Monday, December 29th. This represents a $6.80 annualized dividend and a dividend yield of 3.7%. American Tower’s dividend payout ratio is currently 108.63%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Scotiabank cut their price objective on shares of American Tower from $248.00 to $220.00 and set an “outperform” rating on the stock in a research report on Wednesday. New Street Research raised American Tower from a “neutral” rating to a “buy” rating and set a $203.00 price target on the stock in a research note on Monday, January 5th. TD Cowen reduced their price objective on American Tower from $249.00 to $235.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Wall Street Zen raised American Tower from a “sell” rating to a “hold” rating in a research report on Sunday, October 12th. Finally, Barclays reiterated an “equal weight” rating and issued a $200.00 target price (down from $203.00) on shares of American Tower in a report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.26.

Insider Buying and Selling

In other American Tower news, Director Eugene F. Reilly purchased 5,554 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average cost of $178.99 per share, for a total transaction of $994,110.46. Following the completion of the acquisition, the director owned 5,689 shares of the company’s stock, valued at $1,018,274.11. The trade was a 4,114.07% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $69.75, for a total value of $159,631,314.75. Following the completion of the transaction, the insider owned 211,379 shares of the company’s stock, valued at $14,743,685.25. This trade represents a 91.54% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.17% of the company’s stock.

More American Tower News

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

• Positive Sentiment: CoreSite (an AMT subsidiary) launched native 400G AWS Direct Connect in Chicago, improving capacity and latency for high‑bandwidth cloud and AI workloads — a revenue‑supportive infrastructure enhancement for AMT’s data‑center business. AMT’s CoreSite Launches Native 400G AWS Direct Connect in Chicago
• Neutral Sentiment: CoreSite launch also reported by industry press (provides additional detail on customer/use‑case benefits and local market positioning). CoreSite Chicago Data Center Campus Now Offers AWS Native 400G Direct Connect
• Neutral Sentiment: AMT is named as a partner in coverage of AST SpaceMobile’s government/commercial activity — a reminder of AMT’s exposure to growing non‑tower connectivity opportunities but not a direct near‑term earnings driver. Pentagon Deal Sends AST SpaceMobile Soaring—Is This the Next Leg Up? (AMT)
• Negative Sentiment: Mizuho cut its price target on AMT to $189 from $217 while keeping a Neutral rating — a signal that valuation expectations within the REIT group were lowered and that analysts see less near‑term upside. Mizuho Reduces the Firm’s PT on American Tower (AMT) stock
• Negative Sentiment: RBC Capital/MarketScreener adjusted its price target to $195 from $220 and reiterated a sector‑perform/hold view, which reduces analyst‑driven upside and can cap short‑term gains. RBC Capital Reaffirms Their Hold Rating on American Tower (AMT)

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.