Ritholtz Wealth Management Decreases Stake in American Tower Corporation $AMT

Ritholtz Wealth Management decreased its stake in American Tower Corporation (NYSE:AMT) by 22.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,532 shares of the real estate investment trust’s stock after selling 5,790 shares during the period. Ritholtz Wealth Management’s holdings in American Tower were worth $3,756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMT. Koa Wealth Management LLC grew its holdings in shares of American Tower by 28.2% in the 3rd quarter. Koa Wealth Management LLC now owns 19,153 shares of the real estate investment trust’s stock worth $3,684,000 after acquiring an additional 4,209 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in American Tower by 2.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 7,503 shares of the real estate investment trust’s stock valued at $1,443,000 after purchasing an additional 178 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of American Tower by 2.3% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 77,184 shares of the real estate investment trust’s stock valued at $14,844,000 after buying an additional 1,700 shares in the last quarter. Stephens Inc. AR raised its stake in shares of American Tower by 1.7% during the 3rd quarter. Stephens Inc. AR now owns 72,977 shares of the real estate investment trust’s stock worth $14,054,000 after buying an additional 1,239 shares during the last quarter. Finally, Eastern Bank boosted its position in shares of American Tower by 69.6% in the 3rd quarter. Eastern Bank now owns 139,091 shares of the real estate investment trust’s stock worth $26,750,000 after buying an additional 57,078 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Trading Up 1.3%

AMT stock opened at $183.82 on Friday. American Tower Corporation has a 52 week low of $166.88 and a 52 week high of $234.33. The company has a market cap of $86.06 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 0.73 and a beta of 0.92. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 3.24. The business has a fifty day simple moving average of $177.86 and a 200-day simple moving average of $193.45.

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

American Tower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, December 29th will be given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, December 29th. American Tower’s payout ratio is 108.63%.

Insider Activity at American Tower

In other American Tower news, Director Eugene F. Reilly acquired 5,554 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was bought at an average price of $178.99 per share, with a total value of $994,110.46. Following the completion of the transaction, the director directly owned 5,689 shares of the company’s stock, valued at approximately $1,018,274.11. The trade was a 4,114.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the company’s stock in a transaction 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.17% of the stock is owned by insiders.

American Tower News Summary

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: CoreSite (an AMT subsidiary) launched native 400G AWS Direct Connect in Chicago, improving capacity and latency for high‑bandwidth cloud and AI workloads — a revenue‑supportive infrastructure enhancement for AMT’s data‑center business. AMT’s CoreSite Launches Native 400G AWS Direct Connect in Chicago
• Neutral Sentiment: CoreSite launch also reported by industry press (provides additional detail on customer/use‑case benefits and local market positioning). CoreSite Chicago Data Center Campus Now Offers AWS Native 400G Direct Connect
• Neutral Sentiment: AMT is named as a partner in coverage of AST SpaceMobile’s government/commercial activity — a reminder of AMT’s exposure to growing non‑tower connectivity opportunities but not a direct near‑term earnings driver. Pentagon Deal Sends AST SpaceMobile Soaring—Is This the Next Leg Up? (AMT)
• Negative Sentiment: Mizuho cut its price target on AMT to $189 from $217 while keeping a Neutral rating — a signal that valuation expectations within the REIT group were lowered and that analysts see less near‑term upside. Mizuho Reduces the Firm’s PT on American Tower (AMT) stock
• Negative Sentiment: RBC Capital/MarketScreener adjusted its price target to $195 from $220 and reiterated a sector‑perform/hold view, which reduces analyst‑driven upside and can cap short‑term gains. RBC Capital Reaffirms Their Hold Rating on American Tower (AMT)

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMT. BMO Capital Markets cut shares of American Tower from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $210.00 to $185.00 in a research report on Friday, January 9th. Jefferies Financial Group cut their price objective on American Tower from $226.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, December 16th. UBS Group reaffirmed a “buy” rating on shares of American Tower in a research note on Wednesday, December 10th. Mizuho dropped their price target on American Tower from $217.00 to $189.00 and set a “neutral” rating for the company in a research report on Monday, January 12th. Finally, TD Cowen reduced their price objective on American Tower from $249.00 to $235.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, American Tower currently has a consensus rating of “Moderate Buy” and an average target price of $220.26.

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.