Founders Financial Securities LLC Acquires 2,887 Shares of American Tower Corporation $AMT

Founders Financial Securities LLC boosted its holdings in American Tower Corporation (NYSE:AMT) by 30.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,380 shares of the real estate investment trust’s stock after purchasing an additional 2,887 shares during the quarter. Founders Financial Securities LLC’s holdings in American Tower were worth $2,228,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AMT. CIBC Bancorp USA Inc. bought a new stake in shares of American Tower during the 3rd quarter valued at $35,633,000. Nordea Investment Management AB increased its position in shares of American Tower by 10.4% in 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 purchasing an additional 164,645 shares during the period. Rathbones Group PLC raised its stake in American Tower by 14.9% in the fourth quarter. Rathbones Group PLC now owns 474,216 shares of the real estate investment trust’s stock valued at $83,258,000 after purchasing an additional 61,428 shares in the last quarter. Legal & General Group Plc raised its stake in American Tower by 4.7% in the fourth quarter. Legal & General Group Plc now owns 4,873,695 shares of the real estate investment trust’s stock valued at $855,675,000 after purchasing an additional 220,447 shares in the last quarter. Finally, Clearstead Trust LLC lifted its position in American Tower by 69.0% during the third quarter. Clearstead Trust LLC now owns 24,477 shares of the real estate investment trust’s stock worth $4,707,000 after purchasing an additional 9,990 shares during the period. Institutional investors own 92.69% of the company’s stock.

Insider Activity

In other news, EVP Ruth T. Dowling sold 556 shares of the 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company’s stock.

American Tower Trading Down 0.2%

Shares of American Tower stock opened at $175.66 on Monday. The firm has a market capitalization of $81.84 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 0.74 and a beta of 0.90. 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’s 50 day moving average is $181.59 and its 200 day moving average is $179.94. American Tower Corporation has a 1 year low of $165.08 and a 1 year high of $234.33.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Equities research analysts forecast that American Tower Corporation will post 10.66 earnings per share for the current fiscal year.

American Tower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Stockholders 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 annualized dividend and a dividend yield of 4.1%. American Tower’s dividend payout ratio is 115.67%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMT. Mizuho upgraded shares of American Tower from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $189.00 to $205.00 in a research note on Wednesday, April 15th. Scotiabank boosted their target price on shares of American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Citizens Jmp reaffirmed a “market outperform” rating and set a $260.00 price target on shares of American Tower in a report on Wednesday, April 29th. Morgan Stanley reduced their price target on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Finally, BMO Capital Markets lifted their price objective on shares of American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five 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 a consensus 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.