Capital International Investors Has $679.70 Million Stake in American Tower Corporation $AMT

Capital International Investors grew its position in shares of American Tower Corporation (NYSE:AMT) by 157.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,871,368 shares of the real estate investment trust’s stock after acquiring an additional 2,364,898 shares during the period. Capital International Investors’ holdings in American Tower were worth $679,696,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMT. Richards Merrill & Peterson Inc. acquired a new stake in American Tower in the 4th quarter worth approximately $25,000. Oakworth Capital Inc. lifted its holdings in American Tower by 90.7% in the 4th 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 during the last quarter. Holos Integrated Wealth LLC acquired a new stake in American Tower in the 4th quarter worth approximately $27,000. Triumph Capital Management acquired a new stake in American Tower in the 3rd quarter worth approximately $29,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in American Tower in the 4th quarter worth approximately $30,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Ruth T. Dowling sold 556 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total value of $99,234.88. Following the completion of the transaction, the executive vice president directly owned 29,877 shares in the company, valued at approximately $5,332,446.96. This represents a 1.83% decrease in their ownership of the stock. The sale 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. Also, Director Rajesh Kalathur bought 2,671 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average price of $185.30 per share, with a total value of $494,936.30. Following the completion of the purchase, the director directly owned 4,936 shares of the company’s stock, valued at $914,640.80. This represents a 117.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMT. BMO Capital Markets boosted their target price on American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a report on Wednesday, February 25th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $195.00 price target on shares of American Tower in a report on Thursday, April 30th. Scotiabank upped their price target on American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Morgan Stanley cut their price target on American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Finally, Jefferies Financial Group upped their price target on American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $216.20.

American Tower Stock Performance

Shares of NYSE AMT opened at $193.88 on Monday. The business has a fifty day simple moving average of $179.08 and a 200 day simple moving average of $179.58. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. The firm has a market capitalization of $90.33 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 0.81 and a beta of 0.90. American Tower Corporation has a one year low of $165.08 and a one year high of $234.33.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS 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 analyst estimates of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.American Tower’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Sell-side analysts expect that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, June 12th. American Tower’s dividend payout ratio is presently 115.67%.

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.