American Tower Corporation $AMT Shares Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC raised its holdings in American Tower Corporation (NYSE:AMT) by 179.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,186 shares of the real estate investment trust’s stock after purchasing an additional 5,261 shares during the quarter. Diversify Wealth Management LLC’s holdings in American Tower were worth $1,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Riverwater Partners LLC boosted its stake in shares of American Tower by 3.8% in the fourth quarter. Riverwater Partners LLC now owns 1,536 shares of the real estate investment trust’s stock valued at $270,000 after buying an additional 56 shares in the last quarter. Triumph Capital Management raised its position in American Tower by 37.3% in the fourth quarter. Triumph Capital Management now owns 206 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 56 shares in the last quarter. Personal CFO Solutions LLC raised its position in American Tower by 3.5% in the fourth quarter. Personal CFO Solutions LLC now owns 1,667 shares of the real estate investment trust’s stock worth $293,000 after acquiring an additional 57 shares in the last quarter. Twin City Private Wealth LLC lifted its holdings in American Tower by 0.7% in the fourth quarter. Twin City Private Wealth LLC now owns 7,799 shares of the real estate investment trust’s stock valued at $1,382,000 after acquiring an additional 58 shares during the period. Finally, Asset Advisory Group Inc. lifted its holdings in American Tower by 3.0% in the first quarter. Asset Advisory Group Inc. now owns 2,072 shares of the real estate investment trust’s stock valued at $358,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Stock Down 0.3%

American Tower stock opened at $169.04 on Wednesday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market capitalization of $78.75 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 0.71 and a beta of 0.91. American Tower Corporation has a fifty-two week low of $160.06 and a fifty-two week high of $234.33. The stock’s fifty day moving average is $178.21 and its two-hundred day moving average is $178.86.

American Tower (NYSE:AMT) last announced its quarterly earnings results 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. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Analysts predict that American Tower Corporation will post 10.66 EPS for the current fiscal year.

American Tower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Friday, June 12th were issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, June 12th. American Tower’s dividend payout ratio (DPR) is 115.67%.

Insiders Place Their Bets

In other American Tower news, EVP Ruth T. Dowling sold 556 shares of American Tower stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total transaction of $99,234.88. Following the completion of the transaction, the executive vice president owned 29,877 shares in the company, valued at approximately $5,332,446.96. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMT. Scotiabank upped their price target on shares of American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Truist Financial raised their price objective on shares of American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wolfe Research raised shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price objective on the stock in a report on Wednesday, July 8th. Raymond James Financial restated a “strong-buy” rating and set a $240.00 target price on shares of American Tower in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group began coverage on shares of American Tower in a report on Friday, June 26th. They issued a “buy” rating and a $215.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, American Tower presently has an average rating of “Moderate Buy” and an average target price of $215.57.

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.