Applied Finance Capital Management LLC Invests $1.08 Million in American Tower Corporation $AMT

Applied Finance Capital Management LLC acquired a new position in shares of American Tower Corporation (NYSE:AMT) in the fourth quarter, Holdings Channel reports. The fund acquired 6,138 shares of the real estate investment trust’s stock, valued at approximately $1,078,000.

A number of other institutional investors also recently modified their holdings of the stock. Commerzbank Aktiengesellschaft FI raised its position in American Tower by 7.0% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 65,696 shares of the real estate investment trust’s stock worth $11,534,000 after acquiring an additional 4,299 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of American Tower by 20,721.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock valued at $1,705,254,000 after purchasing an additional 9,666,025 shares in the last quarter. Phoenix Financial Ltd. boosted its stake in shares of American Tower by 103.1% in the 4th quarter. Phoenix Financial Ltd. now owns 3,647 shares of the real estate investment trust’s stock valued at $640,000 after purchasing an additional 1,851 shares in the last quarter. Avantax Planning Partners Inc. raised its holdings in American Tower by 4.4% during the 4th quarter. Avantax Planning Partners Inc. now owns 2,513 shares of the real estate investment trust’s stock worth $441,000 after purchasing an additional 107 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in American Tower by 8.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 1,700 shares of the real estate investment trust’s stock worth $298,000 after purchasing an additional 137 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Rajesh Kalathur bought 2,671 shares of American Tower stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average price of $185.30 per share, with a total value of $494,936.30. Following the purchase, the director owned 4,936 shares in the company, valued at $914,640.80. This represents a 117.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $191.05, for a total value of $7,872,979.45. Following the completion of the transaction, the chief operating officer directly owned 29,592 shares in the company, valued at $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 42,181 shares of company stock worth $8,046,071 in the last quarter. Company insiders own 0.08% of the company’s stock.

American Tower Stock Performance

NYSE AMT opened at $170.74 on Friday. The stock has a 50-day moving average of $177.80 and a 200 day moving average of $179.11. American Tower Corporation has a twelve month low of $165.08 and a twelve month high of $234.33. The stock has a market capitalization of $79.54 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 0.71 and a beta of 0.90. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07.

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

American Tower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 4.2%. The ex-dividend date was Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. American Tower’s payout ratio is presently 115.67%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Sanford C. Bernstein lifted their price objective on shares of American Tower from $205.00 to $207.00 and gave the stock a “market perform” rating in a report on Tuesday, April 28th. Morgan Stanley cut their target price on American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. TD Cowen cut their target price on American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. Truist Financial increased their price objective on American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and increased their target price for the company from $189.00 to $205.00 in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.05.

American Tower 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.