Akre Capital Management LLC Sells 187,576 Shares of American Tower Corporation $AMT

Akre Capital Management LLC trimmed its position in shares of American Tower Corporation (NYSE:AMT) by 42.4% during the 4th quarter, Holdings Channel reports. The firm owned 255,267 shares of the real estate investment trust’s stock after selling 187,576 shares during the period. American Tower comprises 0.5% of Akre Capital Management LLC’s investment portfolio, making the stock its 13th biggest position. Akre Capital Management LLC’s holdings in American Tower were worth $44,817,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its position in shares of American Tower by 52.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,269,144 shares of the real estate investment trust’s stock valued at $749,534,000 after purchasing an additional 1,473,137 shares during the period. Ally Financial Inc. raised its position in shares of American Tower by 29.2% during the 4th quarter. Ally Financial Inc. now owns 31,000 shares of the real estate investment trust’s stock valued at $5,443,000 after purchasing an additional 7,000 shares during the period. Arete Wealth Advisors LLC raised its position in shares of American Tower by 11.3% during the 4th quarter. Arete Wealth Advisors LLC now owns 5,240 shares of the real estate investment trust’s stock valued at $920,000 after purchasing an additional 532 shares during the period. FORA Capital LLC bought a new stake in shares of American Tower during the 4th quarter valued at $2,249,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of American Tower by 107.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,506,569 shares of the real estate investment trust’s stock valued at $440,078,000 after purchasing an additional 1,300,219 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total transaction of $73,856.64. Following the completion of the sale, the executive vice president owned 29,461 shares in the company, valued at $5,230,505.94. This trade represents a 1.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by insiders.

American Tower Price Performance

AMT stock opened at $187.20 on Friday. 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. The company has a 50-day moving average price of $181.01 and a 200 day moving average price of $179.92. The stock has a market cap of $87.22 billion, a PE ratio of 30.24, a P/E/G ratio of 0.78 and a beta of 0.90.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the company earned $2.75 EPS. The firm’s revenue for the quarter 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. Equities research analysts anticipate that American Tower Corporation will post 10.67 earnings per share for the current year.

American Tower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be issued a dividend of $1.79 per share. The ex-dividend date is Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a yield of 3.8%. American Tower’s dividend payout ratio (DPR) is presently 115.67%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Weiss Ratings raised shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Mizuho raised shares of American Tower from a “neutral” rating to an “outperform” rating and raised their target price for the company from $189.00 to $205.00 in a research note on Wednesday, April 15th. JPMorgan Chase & Co. cut their target price on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. UBS Group cut their target price on shares of American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $195.00 target price on shares of American Tower in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $216.20.

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.