Lord & Richards Wealth Management LLC Sells 3,283 Shares of American Tower Corporation $AMT

Lord & Richards Wealth Management LLC lowered its position in American Tower Corporation (NYSE:AMT) by 41.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,621 shares of the real estate investment trust’s stock after selling 3,283 shares during the quarter. Lord & Richards Wealth Management LLC’s holdings in American Tower were worth $811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in American Tower by 113.0% in the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock valued at $727,000 after purchasing an additional 2,104 shares during the last quarter. Sivia Capital Partners LLC increased its position in American Tower by 34.3% during the second quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock worth $319,000 after buying an additional 368 shares during the last quarter. United Bank raised its stake in American Tower by 12.7% in the second quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock valued at $1,434,000 after buying an additional 733 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in American Tower in the second quarter valued at approximately $65,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of American Tower by 0.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 46,273 shares of the real estate investment trust’s stock valued at $10,227,000 after buying an additional 182 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

Insider Transactions at American Tower

In related news, COO Eugene M. Noel sold 41,209 shares of the firm’s stock in a transaction dated 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rajesh Kalathur acquired 2,671 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of $185.30 per share, with a total value of $494,936.30. Following the purchase, the director directly owned 4,936 shares in the company, valued at approximately $914,640.80. This represents a 117.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AMT shares. Jefferies Financial Group boosted their target price on American Tower from $200.00 to $209.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Tower in a report on Monday, December 29th. Morgan Stanley reduced their price objective on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. TD Cowen decreased their price objective on shares of American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. Finally, The Goldman Sachs Group dropped their price objective on shares of American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $217.35.

American Tower Price Performance

American Tower stock opened at $170.19 on Tuesday. The company has a market capitalization of $79.32 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 0.71 and a beta of 0.92. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27. American Tower Corporation has a 12 month low of $165.08 and a 12 month high of $234.33. The stock’s 50 day moving average is $181.42 and its 200-day moving average is $182.22.

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 the consensus estimate of $2.54 by ($0.79). The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted $2.62 earnings per share. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Equities research analysts expect that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Increases Dividend

The company also recently announced 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 is an increase from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, April 14th. American Tower’s payout ratio is 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.