American Tower Corporation $AMT Stock Holdings Increased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its holdings in American Tower Corporation (NYSE:AMT) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 345,638 shares of the real estate investment trust’s stock after purchasing an additional 3,939 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.07% of American Tower worth $60,684,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AMT. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of American Tower by 8.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,793 shares of the real estate investment trust’s stock valued at $18,615,000 after acquiring an additional 7,872 shares in the last quarter. Eastern Bank raised its holdings in American Tower by 69.6% during the third quarter. Eastern Bank now owns 139,091 shares of the real estate investment trust’s stock worth $26,750,000 after purchasing an additional 57,078 shares in the last quarter. Machina Capital S.A.S. bought a new stake in American Tower during the third quarter worth approximately $2,871,000. Krilogy Financial LLC acquired a new stake in American Tower in the third quarter worth approximately $1,044,000. Finally, Commerzbank Aktiengesellschaft FI lifted its position in American Tower by 92.4% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 61,397 shares of the real estate investment trust’s stock worth $11,808,000 after purchasing an additional 29,486 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

American Tower Price Performance

NYSE AMT opened at $168.64 on Friday. American Tower Corporation has a 1 year low of $165.08 and a 1 year high of $234.33. The business’s fifty day moving average is $181.97 and its two-hundred day moving average is $182.73. The stock has a market capitalization of $78.60 billion, a P/E ratio of 31.29, a P/E/G ratio of 0.70 and a beta of 0.92. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.60 and a current ratio of 0.60.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.79). The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.69 billion. American Tower had a return on equity of 24.36% and a net margin of 23.76%.The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.62 earnings per share. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, research analysts forecast that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be paid a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a $7.16 dividend on an annualized basis and a yield of 4.2%. This is an increase from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio (DPR) is 126.16%.

Insider Transactions at American Tower

In other news, Director Rajesh Kalathur bought 2,671 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was bought at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the acquisition, the director directly owned 4,936 shares in the company, valued at $914,640.80. This represents a 117.92% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Eugene M. Noel sold 41,209 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the sale, the chief operating officer owned 29,592 shares in the company, valued at $5,653,551.60. This represents a 58.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

AMT has been the topic of several research analyst reports. New Street Research upgraded American Tower from a “neutral” rating to a “buy” rating and set a $203.00 price target on the stock in a research report on Monday, January 5th. Morgan Stanley decreased their target price on American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Royal Bank Of Canada lowered their target price on American Tower from $220.00 to $195.00 and set a “sector perform” rating on the stock in a report on Monday, January 12th. TD Cowen dropped their price target on shares of American Tower from $235.00 to $225.00 in a research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. cut their price target on shares of American Tower from $250.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, American Tower has a consensus rating of “Moderate Buy” and an average price target of $217.35.

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.