Capital World Investors Has $809.42 Million Stock Holdings in American Tower Corporation $AMT

Capital World Investors raised its stake in shares of American Tower Corporation (NYSE:AMT) by 4.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,208,709 shares of the real estate investment trust’s stock after acquiring an additional 168,464 shares during the quarter. Capital World Investors owned approximately 0.90% of American Tower worth $809,419,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of American Tower by 1.0% in 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. JPMorgan Chase & Co. lifted its stake in shares of American Tower by 24.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,666,082 shares of the real estate investment trust’s stock valued at $2,799,458,000 after purchasing an additional 2,474,328 shares during the period. Invesco Ltd. increased its stake in shares of American Tower by 11.9% in the 2nd quarter. Invesco Ltd. now owns 6,680,524 shares of the real estate investment trust’s stock valued at $1,476,529,000 after acquiring an additional 708,808 shares during the last quarter. Norges Bank acquired a new stake in American Tower in the second quarter worth $1,371,875,000. Finally, Charles Schwab Investment Management Inc. raised its stake in American Tower by 3.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,563,565 shares of the real estate investment trust’s stock worth $1,229,659,000 after buying an additional 208,213 shares during the period. Institutional investors own 92.69% of the company’s stock.

Insiders Place Their Bets

In other American Tower news, COO Eugene M. Noel sold 41,209 shares of American Tower stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the completion of the sale, the chief operating officer directly owned 29,592 shares in the company, valued at $5,653,551.60. The trade was a 58.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AMT shares. New Street Research raised American Tower from a “neutral” rating to a “buy” rating and set a $203.00 price objective for the company in a research report on Monday, January 5th. Barclays reaffirmed an “equal weight” rating and set a $200.00 target price (down from $203.00) on shares of American Tower in a report on Monday, December 1st. BMO Capital Markets increased their price objective on American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 25th. Scotiabank lowered their target price on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 25th. Finally, Mizuho cut their price objective on shares of American Tower from $217.00 to $189.00 and set a “neutral” rating for the company in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, American Tower has an average rating of “Moderate Buy” and a consensus price target of $217.35.

American Tower Trading Down 0.4%

NYSE AMT opened at $185.93 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27. The business has a 50 day moving average price of $181.00 and a 200-day moving average price of $184.48. 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 $86.66 billion, a price-to-earnings ratio of 34.49, a P/E/G ratio of 0.78 and a beta of 0.92.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.79). The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.69 billion. American Tower had a net margin of 23.76% and a return on equity of 24.36%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.62 earnings per share. American Tower has set its FY 2026 guidance at 10.780-10.950 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be issued a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, April 14th. This is an increase from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a dividend yield of 3.9%. American Tower’s payout ratio is currently 126.16%.

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.