Anchor Capital Advisors LLC Cuts Stake in American Tower Corporation $AMT

Anchor Capital Advisors LLC reduced its stake in American Tower Corporation (NYSE:AMT) by 6.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 63,207 shares of the real estate investment trust’s stock after selling 4,460 shares during the quarter. Anchor Capital Advisors LLC’s holdings in American Tower were worth $11,097,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Personal CFO Solutions LLC raised its stake in American Tower by 3.5% in the 4th quarter. Personal CFO Solutions LLC now owns 1,667 shares of the real estate investment trust’s stock valued at $293,000 after acquiring an additional 57 shares during the period. Conscious Wealth Investments LLC raised its stake in American Tower by 0.5% in the 3rd quarter. Conscious Wealth Investments LLC now owns 11,852 shares of the real estate investment trust’s stock valued at $2,121,000 after acquiring an additional 60 shares during the period. SPC Financial Inc. raised its stake in American Tower by 1.5% in the 3rd quarter. SPC Financial Inc. now owns 4,093 shares of the real estate investment trust’s stock valued at $787,000 after acquiring an additional 61 shares during the period. Cary Street Partners Financial LLC increased its position in shares of American Tower by 0.4% during the third quarter. Cary Street Partners Financial LLC now owns 15,152 shares of the real estate investment trust’s stock valued at $2,914,000 after buying an additional 62 shares during the period. Finally, Concord Wealth Partners increased its position in shares of American Tower by 6.6% during the fourth quarter. Concord Wealth Partners now owns 995 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 62 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

American Tower Stock Down 1.1%

Shares of NYSE AMT opened at $185.44 on Wednesday. The firm has a market capitalization of $86.39 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 0.78 and a beta of 0.90. The business has a 50-day moving average of $177.78 and a 200-day moving average of $179.38. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. American Tower Corporation has a 12 month low of $165.08 and a 12 month high of $234.33.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $1.24. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.American Tower’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Sell-side analysts expect that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Friday, June 12th will be paid a $1.79 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $7.16 annualized dividend and a yield of 3.9%. American Tower’s dividend payout ratio is currently 115.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AMT shares. Sanford C. Bernstein upgraded American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price target on the stock in a research report on Tuesday, May 19th. Morgan Stanley decreased their price target on American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Mizuho upgraded American Tower from a “neutral” rating to an “outperform” rating and upped their price target for the company from $189.00 to $205.00 in a research report on Wednesday, April 15th. Citizens Jmp reiterated a “market outperform” rating and set a $260.00 price target on shares of American Tower in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $195.00 price objective on shares of American Tower in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $216.20.

Insider Buying and Selling

In related news, Director Rajesh Kalathur acquired 2,671 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average price of $185.30 per share, with a total value of $494,936.30. Following the completion of the purchase, the director owned 4,936 shares in the company, valued at $914,640.80. This trade represents a 117.92% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ruth T. Dowling sold 416 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total value of $73,856.64. Following the sale, the executive vice president directly owned 29,461 shares of the company’s stock, valued at approximately $5,230,505.94. This trade represents a 1.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.08% of the company’s stock.

American Tower Company 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.