Roberts Wealth Advisors LLC Lowers Stock Holdings in American Tower Corporation $AMT

Roberts Wealth Advisors LLC reduced its stake in American Tower Corporation (NYSE:AMT) by 40.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,843 shares of the real estate investment trust’s stock after selling 11,428 shares during the period. Roberts Wealth Advisors LLC’s holdings in American Tower were worth $2,957,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AMT. Signal Advisors Wealth LLC increased its holdings in American Tower by 7.0% during the 4th quarter. Signal Advisors Wealth LLC now owns 44,911 shares of the real estate investment trust’s stock worth $7,885,000 after purchasing an additional 2,954 shares during the period. Ferguson Wellman Capital Management Inc. grew its position in shares of American Tower by 10.9% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 4,540 shares of the real estate investment trust’s stock worth $797,000 after buying an additional 448 shares in the last quarter. Czech National Bank grew its position in shares of American Tower by 3.8% during the 4th quarter. Czech National Bank now owns 123,444 shares of the real estate investment trust’s stock worth $21,673,000 after buying an additional 4,487 shares in the last quarter. DAVENPORT & Co LLC increased its stake in shares of American Tower by 20.7% during the fourth quarter. DAVENPORT & Co LLC now owns 1,052,121 shares of the real estate investment trust’s stock valued at $185,118,000 after buying an additional 180,466 shares during the period. Finally, Bill Few Associates Inc. raised its holdings in shares of American Tower by 5.5% in the fourth quarter. Bill Few Associates Inc. now owns 20,011 shares of the real estate investment trust’s stock valued at $3,513,000 after acquiring an additional 1,044 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American Tower

In other news, Director Rajesh Kalathur bought 2,671 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was bought at an average price of $185.30 per share, with a total value of $494,936.30. Following the completion of the transaction, the director directly owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. The trade was a 117.92% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Eugene M. Noel sold 41,209 shares of the firm’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 completion of the sale, the chief operating officer owned 29,592 shares of the company’s stock, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMT. UBS Group dropped their target price 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. Weiss Ratings restated a “hold (c)” rating on shares of American Tower in a report on Monday, December 29th. Scotiabank lowered their price target on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating for the company in a research report on Wednesday, February 25th. Mizuho cut their price objective on shares of American Tower from $217.00 to $189.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. Finally, Barclays reissued an “equal weight” rating and set a $200.00 price objective (down from $203.00) on shares of American Tower in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $217.35.

American Tower Price Performance

Shares of AMT stock opened at $167.37 on Thursday. The stock’s 50-day moving average is $182.23 and its 200 day moving average is $182.83. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33. 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 company has a market cap of $78.01 billion, a P/E ratio of 31.05, a PEG ratio of 0.72 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 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.79). The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.69 billion. American Tower had a return on equity of 24.36% and a net margin of 23.76%.The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.62 earnings per share. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Research analysts predict that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be paid a dividend of $1.79 per share. This is a boost from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date is Tuesday, April 14th. This represents a $7.16 annualized dividend and a dividend yield of 4.3%. American Tower’s dividend payout ratio (DPR) is presently 126.16%.

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.