American Century Companies Inc. Has $363.93 Million Stock Holdings in American Tower Corporation $AMT

American Century Companies Inc. grew its stake in shares of American Tower Corporation (NYSE:AMT) by 16.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,892,296 shares of the real estate investment trust’s stock after purchasing an additional 265,324 shares during the quarter. American Century Companies Inc.’s holdings in American Tower were worth $363,927,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Marion Wealth Management raised its holdings in American Tower by 0.8% in the 2nd quarter. Marion Wealth Management now owns 5,924 shares of the real estate investment trust’s stock valued at $1,309,000 after acquiring an additional 48 shares in the last quarter. YANKCOM Partnership raised its stake in shares of American Tower by 2.9% during the second quarter. YANKCOM Partnership now owns 1,729 shares of the real estate investment trust’s stock valued at $382,000 after acquiring an additional 49 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of American Tower by 2.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 2,566 shares of the real estate investment trust’s stock worth $567,000 after purchasing an additional 51 shares during the period. Manchester Capital Management LLC increased its holdings in American Tower by 3.1% in the second quarter. Manchester Capital Management LLC now owns 1,808 shares of the real estate investment trust’s stock valued at $400,000 after purchasing an additional 54 shares during the period. Finally, Johnson Financial Group Inc. raised its position in American Tower by 7.1% during the 2nd quarter. Johnson Financial Group Inc. now owns 833 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Trading Up 3.6%

Shares of AMT stock opened at $191.72 on Friday. American Tower Corporation has a 1 year low of $166.88 and a 1 year high of $234.33. The company’s fifty day simple moving average is $179.11 and its two-hundred day simple moving average is $185.66. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.89. The stock has a market capitalization of $89.76 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 0.78 and a beta of 0.93.

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

American Tower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, December 29th were issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, December 29th. American Tower’s dividend payout ratio is presently 126.16%.

Analyst Ratings Changes

A number of equities research analysts have commented on AMT shares. TD Cowen reduced their price target on American Tower from $235.00 to $225.00 in a research report on Wednesday. Royal Bank Of Canada cut their price target on American Tower from $220.00 to $195.00 and set a “sector perform” rating on the stock in a report on Monday, January 12th. Mizuho reduced their price objective on American Tower from $217.00 to $189.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. New Street Research raised American Tower from a “neutral” rating to a “buy” rating and set a $203.00 target price on the stock in a research report on Monday, January 5th. Finally, Morgan Stanley cut their target price on American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $218.00.

Insider Buying and Selling at American Tower

In other American Tower news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the business’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 sale, the insider directly owned 211,379 shares of the company’s stock, valued at $14,743,685.25. The trade was a 91.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

American Tower Profile

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.