Cantillon Capital Management LLC Sells 218,052 Shares of American Tower Corporation $AMT

Cantillon Capital Management LLC trimmed its stake in American Tower Corporation (NYSE:AMT) by 11.9% during the first quarter, Holdings Channel reports. The fund owned 1,612,473 shares of the real estate investment trust’s stock after selling 218,052 shares during the period. American Tower makes up approximately 1.8% of Cantillon Capital Management LLC’s portfolio, making the stock its 26th largest position. Cantillon Capital Management LLC’s holdings in American Tower were worth $278,281,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMT. Richards Merrill & Peterson Inc. bought a new stake in shares of American Tower in the 4th quarter worth approximately $25,000. Oakworth Capital Inc. grew 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 valued at $25,000 after purchasing an additional 68 shares during the period. Swiss RE Ltd. purchased a new stake in American Tower in the fourth quarter worth $25,000. Triumph Capital Management purchased a new stake in American Tower in the third quarter worth $29,000. Finally, Acumen Wealth Advisors LLC bought a new stake in shares of American Tower in the fourth quarter valued at $29,000. 92.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Ruth T. Dowling sold 556 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total value of $99,234.88. Following the transaction, the executive vice president owned 29,877 shares of the company’s stock, valued at $5,332,446.96. This represents a 1.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by corporate insiders.

American Tower Price Performance

NYSE:AMT opened at $170.13 on Monday. American Tower Corporation has a 52-week low of $160.06 and a 52-week high of $234.33. The stock has a fifty day moving average of $177.64 and a 200 day moving average of $178.72. 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 $79.26 billion, a price-to-earnings ratio of 27.48, a P/E/G ratio of 0.71 and a beta of 0.91.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.66 billion. During the same period in the prior year, the company 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. On average, research analysts expect that American Tower Corporation will post 10.66 EPS for the current fiscal year.

American Tower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Friday, June 12th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, June 12th. American Tower’s dividend payout ratio is 115.67%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Truist Financial increased their price target on American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings raised shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Scotiabank upped their price target on shares of American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Jefferies Financial Group boosted their target price on shares of American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Finally, Sanford C. Bernstein upgraded American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price objective on the stock in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, American Tower currently has a consensus rating of “Moderate Buy” and an average target price of $215.57.

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.