MassMutual Private Wealth & Trust FSB Reduces Stock Holdings in American Tower Corporation $AMT

MassMutual Private Wealth & Trust FSB reduced its position in shares of American Tower Corporation (NYSE:AMT) by 23.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,605 shares of the real estate investment trust’s stock after selling 4,705 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in American Tower were worth $2,740,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Abound Wealth Management increased 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 during the last quarter. Holos Integrated Wealth LLC acquired a new position in American Tower in the fourth quarter valued at approximately $27,000. Triumph Capital Management purchased a new position in American Tower in the third quarter worth approximately $29,000. Root Financial Partners LLC purchased a new position in American Tower in the third quarter worth approximately $32,000. Finally, Physician Wealth Advisors Inc. increased its stake in American Tower by 85.9% during the third quarter. Physician Wealth Advisors Inc. now owns 171 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 79 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

American Tower Trading Down 3.3%

Shares of NYSE AMT opened at $176.81 on Friday. 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 stock has a market capitalization of $82.41 billion, a PE ratio of 32.80, a PEG ratio of 0.74 and a beta of 0.92. American Tower Corporation has a twelve month low of $166.88 and a twelve month high of $234.33. The stock has a fifty day simple moving average of $182.41 and a 200-day simple moving average of $183.36.

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

American Tower Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be paid a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a dividend yield of 4.0%. American Tower’s payout ratio is 126.16%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMT. The Goldman Sachs Group reduced their target price on American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. Barclays reissued an “equal weight” rating and set a $200.00 price objective (down from $203.00) on shares of American Tower in a research report on Monday, December 1st. Scotiabank reduced 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 report on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Tower in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. dropped their price target on shares of American Tower from $250.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $217.35.

Insider Buying and Selling

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

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.