American Tower Corporation $AMT Shares Sold by Baldwin Investment Management LLC

Baldwin Investment Management LLC decreased its position in American Tower Corporation (NYSE:AMT) by 22.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,301 shares of the real estate investment trust’s stock after selling 3,014 shares during the quarter. Baldwin Investment Management LLC’s holdings in American Tower were worth $1,809,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. acquired a new stake in American Tower during the fourth quarter worth approximately $25,000. Oakworth Capital Inc. raised its holdings in 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. Swiss RE Ltd. acquired a new stake in American Tower during the fourth quarter worth approximately $25,000. Holos Integrated Wealth LLC acquired a new stake in American Tower during the fourth quarter worth approximately $27,000. Finally, Triumph Capital Management acquired a new stake in American Tower during the third quarter worth approximately $29,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on AMT shares. Raymond James Financial reissued a “strong-buy” rating and set a $240.00 price objective on shares of American Tower in a report on Wednesday, April 29th. TD Cowen cut their price objective on shares of American Tower from $235.00 to $225.00 in a report 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. Morgan Stanley cut their price objective on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. cut their price objective on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a 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 issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $216.20.

Insider Activity at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 416 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total transaction of $73,856.64. Following the sale, the executive vice president directly 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 is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% of the company’s stock.

American Tower Stock Performance

NYSE:AMT opened at $187.20 on Friday. The firm’s fifty day moving average price is $181.01 and its 200 day moving average price is $179.92. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market cap of $87.22 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 0.78 and a beta of 0.90.

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 for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.66 billion. During the same period last year, the firm posted $2.75 EPS. American Tower’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, sell-side analysts expect that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Announces Dividend

The business also recently announced 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. This represents a $7.16 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, June 12th. American Tower’s payout ratio is presently 115.67%.

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.