CGN Advisors LLC Buys 3,596 Shares of American Tower Corporation $AMT

CGN Advisors LLC increased its stake in American Tower Corporation (NYSE:AMT) by 23.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,823 shares of the real estate investment trust’s stock after acquiring an additional 3,596 shares during the period. CGN Advisors LLC’s holdings in American Tower were worth $3,305,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Abound Wealth Management boosted its holdings in shares of American Tower by 137.3% in the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 81 shares in the last quarter. Triumph Capital Management purchased a new position in shares of American Tower during the 3rd quarter valued at about $29,000. Root Financial Partners LLC purchased a new position in shares of American Tower during the 3rd quarter valued at about $32,000. Physician Wealth Advisors Inc. lifted its position in American Tower by 85.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 171 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 79 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its stake in American Tower by 103.6% in the third quarter. Westside Investment Management Inc. now owns 169 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 86 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Analyst Ratings Changes

AMT has been the topic of a number of recent research reports. Jefferies Financial Group increased their price target on shares of American Tower from $200.00 to $209.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Weiss Ratings restated a “hold (c)” rating on shares of American Tower in a report on Monday, December 29th. Mizuho reduced their target price on shares of American Tower from $217.00 to $189.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. Sanford C. Bernstein assumed coverage on shares of American Tower in a research report on Thursday, March 5th. They issued a “market perform” rating and a $205.00 target price on the stock. Finally, Morgan Stanley lowered their price target on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $217.35.

Insiders Place Their Bets

In other American Tower news, COO Eugene M. Noel sold 41,209 shares of American Tower stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the sale, the chief operating officer directly owned 29,592 shares of the company’s stock, valued at approximately $5,653,551.60. The trade was a 58.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rajesh Kalathur bought 2,671 shares of American Tower stock in a transaction on Tuesday, March 10th. The shares were purchased at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the acquisition, the director directly owned 4,936 shares in the company, valued at approximately $914,640.80. This trade represents a 117.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.17% of the company’s stock.

American Tower Stock Performance

American Tower stock opened at $182.70 on Friday. 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 $85.15 billion, a P/E ratio of 33.90, a P/E/G ratio of 0.76 and a beta of 0.92. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27. The firm has a 50-day moving average of $182.24 and a 200-day moving average of $183.66.

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

American Tower Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be issued a dividend of $1.79 per share. This is a boost from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, April 14th. American Tower’s dividend payout ratio is currently 126.16%.

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.