Corient Private Wealth LLC Reduces Holdings in American Tower Corporation $AMT

Corient Private Wealth LLC lowered its position in shares of American Tower Corporation (NYSE:AMT) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 579,524 shares of the real estate investment trust’s stock after selling 57,225 shares during the period. Corient Private Wealth LLC’s holdings in American Tower were worth $101,749,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of American Tower by 113.0% in the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock valued at $727,000 after acquiring an additional 2,104 shares during the period. Sivia Capital Partners LLC boosted its stake in American Tower by 34.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock worth $319,000 after purchasing an additional 368 shares during the period. United Bank grew its position in American Tower by 12.7% during the 2nd quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock worth $1,434,000 after purchasing an additional 733 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in American Tower by 2.2% in the second quarter. Treasurer of the State of North Carolina now owns 218,511 shares of the real estate investment trust’s stock valued at $48,295,000 after purchasing an additional 4,778 shares during the period. Finally, Ieq Capital LLC increased its stake in American Tower by 52.2% in the second quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust’s stock valued at $7,570,000 after purchasing an additional 11,751 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

American Tower Stock Performance

NYSE AMT opened at $175.66 on Friday. The stock has a market capitalization of $81.84 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 0.74 and a beta of 0.90. The business’s 50 day moving average is $181.59 and its two-hundred day moving average is $179.91. American Tower Corporation has a 12-month low of $165.08 and a 12-month high of $234.33. 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 (NYSE:AMT) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 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 business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period last year, the firm earned $2.75 EPS. The company’s quarterly 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. Research analysts expect that American Tower Corporation will post 10.66 EPS for the current year.

American Tower Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Friday, June 12th will be issued a $1.79 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a yield of 4.1%. American Tower’s dividend payout ratio (DPR) is 115.67%.

Insider Activity at American Tower

In other news, EVP Ruth T. Dowling sold 416 shares of the company’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 transaction, the executive vice president directly owned 29,461 shares of the company’s stock, valued at $5,230,505.94. This represents a 1.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMT. Truist Financial increased their target price on shares of American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $189.00 to $205.00 in a research note on Wednesday, April 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $195.00 price objective on shares of American Tower in a research report on Thursday, April 30th. Morgan Stanley lowered their target price on American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Finally, Sanford C. Bernstein raised American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 target price on the stock in a report on Tuesday, May 19th. One equities 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 data from MarketBeat, American Tower presently has a consensus rating of “Moderate Buy” and an average target price of $216.20.

About American Tower

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.