S Bank Fund Management Ltd Buys 11,043 Shares of American Tower Corporation $AMT

S Bank Fund Management Ltd increased its position in American Tower Corporation (NYSE:AMT) by 302.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 14,692 shares of the real estate investment trust’s stock after acquiring an additional 11,043 shares during the quarter. S Bank Fund Management Ltd’s holdings in American Tower were worth $2,579,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AMT. Lazard Asset Management LLC grew its holdings in shares of American Tower by 1,984.8% during the third quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock valued at $858,552,000 after buying an additional 4,250,242 shares during the last quarter. Viking Global Investors LP lifted its position in American Tower by 233.5% in the 2nd quarter. Viking Global Investors LP now owns 2,797,125 shares of the real estate investment trust’s stock valued at $618,221,000 after acquiring an additional 1,958,329 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in American Tower in the 3rd quarter valued at approximately $305,872,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of American Tower by 35.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,796,007 shares of the real estate investment trust’s stock worth $537,728,000 after purchasing an additional 724,504 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of American Tower by 733.1% in the 3rd quarter. Two Sigma Investments LP now owns 804,761 shares of the real estate investment trust’s stock worth $154,772,000 after purchasing an additional 708,158 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 purchased 2,671 shares of the stock in a transaction on Tuesday, March 10th. The shares were acquired at an average price of $185.30 per share, with a total value of $494,936.30. Following the completion of the acquisition, the director directly owned 4,936 shares of the company’s stock, valued at $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 SEC, which is available through the SEC website. Also, EVP Ruth T. Dowling sold 556 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total transaction of $99,234.88. Following the completion of the transaction, the executive vice president owned 29,877 shares of the company’s stock, valued at approximately $5,332,446.96. The trade was a 1.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 42,181 shares of company stock worth $8,046,071. 0.08% of the stock is owned by company insiders.

American Tower Trading Down 1.5%

Shares of AMT stock opened at $178.17 on Wednesday. American Tower Corporation has a 1 year low of $165.08 and a 1 year high of $234.33. The firm has a fifty day moving average price of $179.86 and a 200-day moving average price of $179.90. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market cap of $83.04 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 0.76 and a beta of 0.90.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating the consensus estimate of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the business earned $2.75 earnings per share. American Tower’s quarterly revenue was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, equities analysts predict that American Tower Corporation will post 10.67 earnings per share for the current year.

American Tower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, April 14th. This is an increase from American Tower’s previous quarterly dividend of $1.70. American Tower’s payout ratio is presently 115.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. TD Cowen lowered their price target on American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. Mizuho upgraded shares of American Tower from a “neutral” rating to an “outperform” rating and upped their target price for the company from $189.00 to $205.00 in a research note on Wednesday, April 15th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $240.00 price target on shares of American Tower in a report on Wednesday, April 29th. The Goldman Sachs Group reduced their price target on shares of American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Finally, Truist Financial boosted their target price on shares of American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $218.05.

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.