Capital International Inc. CA Buys 7,675 Shares of American Tower Corporation $AMT

Capital International Inc. CA grew its stake in American Tower Corporation (NYSE:AMT) by 17.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,663 shares of the real estate investment trust’s stock after purchasing an additional 7,675 shares during the quarter. Capital International Inc. CA’s holdings in American Tower were worth $9,070,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMT. Vanguard Group Inc. increased its position in shares of American Tower by 1.0% during the third quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust’s stock valued at $12,239,277,000 after acquiring an additional 611,801 shares during the last quarter. Geode Capital Management LLC increased its position in shares of American Tower by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 13,499,035 shares of the real estate investment trust’s stock valued at $2,361,675,000 after acquiring an additional 227,361 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of American Tower by 20,721.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock valued at $1,705,254,000 after acquiring an additional 9,666,025 shares during the last quarter. Invesco Ltd. increased its position in shares of American Tower by 3.1% during the third quarter. Invesco Ltd. now owns 6,888,633 shares of the real estate investment trust’s stock valued at $1,324,822,000 after acquiring an additional 208,109 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of American Tower during the fourth quarter valued at approximately $1,171,180,000. Institutional investors own 92.69% of the company’s stock.

American Tower Price Performance

NYSE:AMT opened at $193.88 on Monday. The firm has a market capitalization of $90.33 billion, a price-to-earnings ratio of 31.32, a P/E/G ratio of 0.81 and a beta of 0.90. American Tower Corporation has a 52-week low of $165.08 and a 52-week high of $234.33. The stock has a fifty day moving average of $179.08 and a 200 day moving average of $179.58. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43.

American Tower (NYSE:AMT) last posted its quarterly earnings data 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 return on equity of 27.79% and a net margin of 26.81%.The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the company earned $2.75 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, research analysts expect that American Tower Corporation will post 10.67 EPS 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. Stockholders of record on Friday, June 12th will be issued a $1.79 dividend. The ex-dividend date is Friday, June 12th. This represents a $7.16 annualized dividend and a dividend yield of 3.7%. American Tower’s payout ratio is currently 115.67%.

Insider Transactions at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 556 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total transaction of $99,234.88. Following the transaction, the executive vice president owned 29,877 shares in the company, valued at approximately $5,332,446.96. This represents a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 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. 0.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AMT shares. TD Cowen decreased their price target on American Tower from $235.00 to $225.00 in a research report on Wednesday, February 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $195.00 price target on shares of American Tower in a research report on Thursday, April 30th. Jefferies Financial Group increased their price target on American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $240.00 price target on shares of American Tower in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. decreased their price target on American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. One investment 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 stock. Based on data from MarketBeat, American Tower currently has an average rating of “Moderate Buy” and a consensus price target of $216.20.

American Tower 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.