Value Partners Investments Inc. Acquires 3,300 Shares of American Tower Corporation $AMT

Value Partners Investments Inc. raised its holdings in shares of American Tower Corporation (NYSE:AMT) by 18.4% during the fourth quarter, HoldingsChannel reports. The firm owned 21,199 shares of the real estate investment trust’s stock after purchasing an additional 3,300 shares during the period. Value Partners Investments Inc.’s holdings in American Tower were worth $3,722,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Cyndeo Wealth Partners LLC raised its stake in American Tower by 11.9% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 14,149 shares of the real estate investment trust’s stock worth $2,484,000 after buying an additional 1,505 shares in the last quarter. Aventura Private Wealth LLC bought a new stake in American Tower during the 4th quarter valued at $249,000. Baldwin Wealth Partners LLC MA boosted its position in American Tower by 3.8% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 2,195 shares of the real estate investment trust’s stock valued at $385,000 after acquiring an additional 80 shares in the last quarter. General Partner Inc. increased its holdings in shares of American Tower by 172.6% in the 4th quarter. General Partner Inc. now owns 2,391 shares of the real estate investment trust’s stock valued at $420,000 after acquiring an additional 1,514 shares during the period. Finally, Werlinich Asset Management LLC increased its holdings in shares of American Tower by 17.2% in the 4th quarter. Werlinich Asset Management LLC now owns 10,650 shares of the real estate investment trust’s stock valued at $1,882,000 after acquiring an additional 1,565 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AMT shares. Barclays restated an “equal weight” rating and set a $200.00 price objective (down from $203.00) on shares of American Tower in a research note on Monday, December 1st. TD Cowen cut their target price on American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. Raymond James Financial reduced their target price on shares of American Tower from $231.00 to $229.00 and set a “strong-buy” rating for the company in a report on Friday, January 23rd. Jefferies Financial Group increased their price target on shares of American Tower from $200.00 to $209.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, UBS Group lowered their price target on shares of American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $217.35.

American Tower Stock Down 3.3%

American Tower stock opened at $176.81 on Friday. American Tower Corporation has a 1-year low of $166.88 and a 1-year high of $234.33. The business has a fifty day moving average price of $182.41 and a 200-day moving average price of $183.36. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $82.41 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 0.74 and a beta of 0.92.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.54 by ($0.79). American Tower had a net margin of 23.76% and a return on equity of 24.36%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period in the prior year, the company earned $2.62 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Equities research analysts forecast that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 4.0%. This is an increase from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date is Tuesday, April 14th. American Tower’s dividend payout ratio is currently 126.16%.

Insider Activity

In related news, Director Rajesh Kalathur bought 2,671 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were bought at an average price of $185.30 per share, with a total value of $494,936.30. Following the transaction, the director owned 4,936 shares in the company, valued at approximately $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Eugene M. Noel sold 41,209 shares of the company’s 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 transaction, the chief operating officer owned 29,592 shares in the company, valued at $5,653,551.60. The trade was a 58.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.17% of the company’s stock.

American Tower Company 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.