American Tower Corporation $AMT Shares Sold by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC decreased its stake in American Tower Corporation (NYSE:AMT) by 47.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,257 shares of the real estate investment trust’s stock after selling 71,376 shares during the period. Aptus Capital Advisors LLC’s holdings in American Tower were worth $13,749,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMT. Vanguard Group Inc. raised its position in American Tower by 1.0% during the third quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust’s stock worth $12,239,277,000 after acquiring an additional 611,801 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in American Tower during the third quarter worth about $35,633,000. Nordea Investment Management AB raised its position in American Tower by 10.4% during the fourth quarter. Nordea Investment Management AB now owns 1,743,321 shares of the real estate investment trust’s stock worth $306,284,000 after acquiring an additional 164,645 shares during the last quarter. Rathbones Group PLC raised its position in American Tower by 14.9% during the fourth quarter. Rathbones Group PLC now owns 474,216 shares of the real estate investment trust’s stock worth $83,258,000 after acquiring an additional 61,428 shares during the last quarter. Finally, Mondrian Investment Partners LTD purchased a new stake in shares of American Tower during the third quarter worth about $1,019,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Ruth T. Dowling sold 416 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total value of $73,856.64. Following the completion of the sale, the executive vice president owned 29,461 shares of the company’s stock, valued at $5,230,505.94. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 Stock Up 0.0%

AMT stock opened at $187.20 on Monday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33. The firm has a fifty day moving average price of $181.01 and a two-hundred day moving average price of $179.92. The firm has a market cap of $87.22 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 0.78 and a beta of 0.90.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $2.66 billion. During the same quarter in the previous year, the firm earned $2.75 earnings per share. 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. Research analysts predict that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be given a dividend of $1.79 per share. The ex-dividend date is Friday, June 12th. This represents a $7.16 annualized dividend and a dividend yield of 3.8%. American Tower’s dividend payout ratio is currently 115.67%.

Analysts Set New Price Targets

AMT has been the subject of a number of recent research reports. Scotiabank lifted their price target on shares of American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Barclays lowered their price target on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Jefferies Financial Group lifted their price target on shares of American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Morgan Stanley lowered their target price on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Finally, Sanford C. Bernstein raised shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price target on the stock in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, American Tower presently has an average rating of “Moderate Buy” and an average price target of $216.20.

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.