Cantillon Capital Management LLC Raises Holdings in American Tower Corporation $AMT

Cantillon Capital Management LLC lifted its holdings in shares of American Tower Corporation (NYSE:AMT) by 0.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,830,525 shares of the real estate investment trust’s stock after acquiring an additional 14,709 shares during the period. American Tower accounts for approximately 1.7% of Cantillon Capital Management LLC’s holdings, making the stock its 28th biggest holding. Cantillon Capital Management LLC’s holdings in American Tower were worth $321,385,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AMT. Krilogy Financial LLC purchased a new position in American Tower in the 3rd quarter valued at $1,044,000. ABC Arbitrage SA acquired a new stake in shares of American Tower in the 3rd quarter worth $4,093,000. ING Groep NV increased its stake in shares of American Tower by 5,413.1% in the 3rd quarter. ING Groep NV now owns 60,534 shares of the real estate investment trust’s stock worth $11,642,000 after acquiring an additional 59,436 shares during the last quarter. Azzad Asset Management Inc. ADV increased its stake in shares of American Tower by 60.2% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 8,577 shares of the real estate investment trust’s stock worth $1,649,000 after acquiring an additional 3,224 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of American Tower by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust’s stock worth $12,239,277,000 after acquiring an additional 611,801 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Jefferies Financial Group raised their target price on American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. UBS Group cut their target price on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $189.00 to $205.00 in a research note on Wednesday, April 15th. BMO Capital Markets raised their target price on American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 25th. Finally, Barclays cut their target price on American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $216.20.

American Tower Stock Down 0.1%

Shares of NYSE:AMT opened at $193.88 on Monday. The business has a 50-day moving average price of $179.08 and a 200 day moving average price of $179.58. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. The company has a market capitalization of $90.33 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 0.81 and a beta of 0.90. 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 quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $2.75 EPS. 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 EPS for the current year.

American Tower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, June 12th. American Tower’s dividend payout ratio (DPR) is presently 115.67%.

Insider Transactions at American Tower

In related news, EVP Ruth T. Dowling sold 416 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total transaction of $73,856.64. Following the completion of 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur bought 2,671 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was purchased at an average cost of $185.30 per share, with a total value of $494,936.30. Following the completion of the transaction, the director owned 4,936 shares in the company, valued at $914,640.80. This represents a 117.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.08% of the stock is currently 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.