Tema Etfs LLC Takes Position in American Tower Corporation $AMT

Tema Etfs LLC bought a new position in American Tower Corporation (NYSE:AMT) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,897 shares of the real estate investment trust’s stock, valued at approximately $1,519,000.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of American Tower by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 63,028,367 shares of the real estate investment trust’s stock worth $13,930,530,000 after purchasing an additional 218,881 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in American Tower by 24.3% in the second quarter. JPMorgan Chase & Co. now owns 12,666,082 shares of the real estate investment trust’s stock worth $2,799,458,000 after buying an additional 2,474,328 shares during the last quarter. Invesco Ltd. lifted its stake in shares of American Tower by 11.9% in the second quarter. Invesco Ltd. now owns 6,680,524 shares of the real estate investment trust’s stock worth $1,476,529,000 after buying an additional 708,808 shares in the last quarter. Norges Bank purchased a new stake in shares of American Tower during the second quarter valued at approximately $1,371,875,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of American Tower by 3.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 5,563,565 shares of the real estate investment trust’s stock valued at $1,229,659,000 after acquiring an additional 208,213 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the completion of the sale, the insider directly owned 211,379 shares of the company’s stock, valued at approximately $14,743,685.25. This trade represents a 91.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eugene F. Reilly acquired 5,554 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average price of $178.99 per share, with a total value of $994,110.46. Following the acquisition, the director owned 5,689 shares in the company, valued at $1,018,274.11. This trade represents a 4,114.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

AMT has been the topic of a number of research analyst reports. Morgan Stanley lowered their price target on American Tower from $255.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, December 4th. Raymond James Financial restated a “strong-buy” rating and set a $231.00 target price (down previously from $250.00) on shares of American Tower in a research note on Wednesday, October 29th. Royal Bank Of Canada reissued a “sector perform” rating and set a $220.00 price objective on shares of American Tower in a report on Friday, December 19th. Weiss Ratings restated a “hold (c)” rating on shares of American Tower in a report on Monday, December 29th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $200.00 target price (down previously from $203.00) on shares of American Tower in a research report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $223.05.

American Tower Stock Up 1.8%

Shares of AMT opened at $171.53 on Tuesday. The business’s 50 day simple moving average is $177.84 and its 200-day simple moving average is $194.22. American Tower Corporation has a 1 year low of $166.88 and a 1 year high of $234.33. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $80.30 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 0.68 and a beta of 0.92.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.14. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.65 billion. American Tower had a return on equity of 28.79% and a net margin of 28.11%.The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company earned $2.52 EPS. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. As a group, equities analysts expect that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, December 29th will be paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, December 29th. American Tower’s payout ratio is presently 108.63%.

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.