111 Capital Makes New $1.22 Million Investment in American Tower Corporation $AMT

111 Capital purchased a new stake in American Tower Corporation (NYSE:AMT) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 6,352 shares of the real estate investment trust’s stock, valued at approximately $1,222,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC boosted its position in American Tower by 113.0% during the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock valued at $727,000 after purchasing an additional 2,104 shares during the period. Sivia Capital Partners LLC lifted its stake in American Tower by 34.3% in the second quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock valued at $319,000 after buying an additional 368 shares during the last quarter. United Bank boosted its holdings in shares of American Tower by 12.7% during the second quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock valued at $1,434,000 after acquiring an additional 733 shares during the period. Pinnacle Associates Ltd. grew its position in shares of American Tower by 4.0% during the second quarter. Pinnacle Associates Ltd. now owns 4,551 shares of the real estate investment trust’s stock worth $1,006,000 after acquiring an additional 175 shares during the last quarter. Finally, Plato Investment Management Ltd increased its holdings in shares of American Tower by 8.7% in the 2nd quarter. Plato Investment Management Ltd now owns 12,602 shares of the real estate investment trust’s stock worth $2,775,000 after acquiring an additional 1,009 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Stock Performance

Shares of NYSE AMT opened at $191.72 on Monday. American Tower Corporation has a 1 year low of $166.88 and a 1 year high of $234.33. The firm has a market cap of $89.76 billion, a P/E ratio of 35.57, a PEG ratio of 0.81 and a beta of 0.92. The stock has a fifty day moving average price of $179.11 and a two-hundred day moving average price of $185.40. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.60 and a current ratio of 0.60.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share for the quarter, missing the consensus estimate of $2.54 by ($0.79). American Tower had a net margin of 23.76% and a return on equity of 24.36%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the company earned $2.62 EPS. 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. 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 disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, December 29th were given a dividend of $1.70 per share. The ex-dividend date was Monday, December 29th. This represents a $6.80 annualized dividend and a dividend yield of 3.5%. American Tower’s dividend payout ratio (DPR) is 126.16%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AMT shares. Scotiabank cut their price objective on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, February 25th. JPMorgan Chase & Co. cut their price target on American Tower from $250.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Tower in a research report on Monday, December 29th. BMO Capital Markets raised their target price on American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a research report on Wednesday, February 25th. Finally, Royal Bank Of Canada cut their target price on American Tower from $220.00 to $195.00 and set a “sector perform” rating on the stock in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $218.00.

Insider Buying and Selling at American Tower

In other news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of American Tower stock in a transaction that occurred 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 transaction, the insider owned 211,379 shares of the company’s stock, valued at $14,743,685.25. The trade was a 91.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.18% 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.