BNP Paribas Increases Stake in American Tower Corporation $AMT

BNP Paribas raised its holdings in shares of American Tower Corporation (NYSE:AMT) by 74.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,188 shares of the real estate investment trust’s stock after acquiring an additional 3,499 shares during the quarter. BNP Paribas’ holdings in American Tower were worth $1,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Richards Merrill & Peterson Inc. purchased a new stake in shares of American Tower in the fourth quarter worth $25,000. Oakworth Capital Inc. grew its position in shares of American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 68 shares in the last quarter. Holos Integrated Wealth LLC bought a new stake in American Tower during the 4th quarter valued at approximately $27,000. Triumph Capital Management bought a new stake in American Tower during the 3rd quarter valued at approximately $29,000. Finally, Lloyd Advisory Services LLC. purchased a new position in American Tower in the 4th quarter worth approximately $30,000. Institutional investors own 92.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AMT shares. Mizuho upgraded shares of American Tower from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $189.00 to $205.00 in a research report on Wednesday, April 15th. UBS Group decreased their price target on shares of American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Weiss Ratings raised shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. BMO Capital Markets raised their price objective 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, Scotiabank boosted their target price on American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.20.

American Tower Stock Performance

Shares of NYSE:AMT opened at $185.44 on Wednesday. The firm has a fifty day simple moving average of $177.78 and a two-hundred day simple moving average of $179.38. American Tower Corporation has a 52 week low of $165.08 and a 52 week high of $234.33. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. The stock has a market capitalization of $86.39 billion, a P/E ratio of 29.96, a PEG ratio of 0.78 and a beta of 0.90.

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

American Tower Dividend Announcement

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

Insider Activity at American Tower

In other news, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total value of $73,856.64. Following the completion of the transaction, the executive vice president owned 29,461 shares in the company, valued at approximately $5,230,505.94. The trade was a 1.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur bought 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 owned 4,936 shares in the company, valued at approximately $914,640.80. The trade was a 117.92% increase in their position. The SEC filing for this purchase provides additional information. 0.08% of the stock is owned by company insiders.

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.