Marks Group Wealth Management Inc Raises Stake in American Tower Corporation $AMT

Marks Group Wealth Management Inc grew its stake in shares of American Tower Corporation (NYSE:AMT) by 36.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,395 shares of the real estate investment trust’s stock after purchasing an additional 3,069 shares during the period. Marks Group Wealth Management Inc’s holdings in American Tower were worth $2,001,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Oakworth Capital Inc. boosted its position in shares of American Tower by 90.7% during the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 68 shares in the last quarter. Richards Merrill & Peterson Inc. purchased a new stake in shares of American Tower during the 4th quarter worth $25,000. Triumph Capital Management purchased a new stake in shares of American Tower during the 3rd quarter worth $29,000. Holos Integrated Wealth LLC purchased a new stake in shares of American Tower during the 4th quarter worth $27,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of American Tower during the 4th quarter worth $30,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

American Tower Trading Up 0.8%

Shares of AMT stock opened at $190.67 on Wednesday. The firm has a 50-day moving average price of $179.90 and a 200 day moving average price of $179.70. American Tower Corporation has a twelve month low of $165.08 and a twelve month high of $234.33. The company has a market capitalization of $88.83 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 0.79 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 announced 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 net margin of 26.81% and a return on equity of 27.79%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the previous year, the company posted $2.75 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Research analysts forecast that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be paid a $1.79 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $7.16 annualized dividend and a yield of 3.8%. American Tower’s payout ratio is presently 115.67%.

Analysts Set New Price Targets

AMT has been the topic of several research analyst reports. Jefferies Financial Group boosted their target price on shares of American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $240.00 price target on shares of American Tower in a research note on Wednesday, April 29th. Barclays cut their price target on American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. TD Cowen cut their price target on American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. cut their price target on American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $216.20.

Insiders Place Their Bets

In related news, EVP Ruth T. Dowling sold 556 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total value 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% 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.