Brown Advisory Inc. Decreases Stake in American Tower Corporation $AMT

Brown Advisory Inc. reduced its position in American Tower Corporation (NYSE:AMT) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 153,037 shares of the real estate investment trust’s stock after selling 8,904 shares during the period. Brown Advisory Inc.’s holdings in American Tower were worth $26,869,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in American Tower by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust’s stock valued at $12,239,277,000 after buying an additional 611,801 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of American Tower in the 3rd quarter valued at about $35,633,000. Nordea Investment Management AB raised its stake in shares of American Tower by 10.4% in the 4th quarter. Nordea Investment Management AB now owns 1,743,321 shares of the real estate investment trust’s stock valued at $306,284,000 after purchasing an additional 164,645 shares in the last quarter. Rathbones Group PLC raised its stake in shares of American Tower by 14.9% in the 4th quarter. Rathbones Group PLC now owns 474,216 shares of the real estate investment trust’s stock valued at $83,258,000 after purchasing an additional 61,428 shares in the last quarter. Finally, Mondrian Investment Partners LTD acquired a new stake in shares of American Tower in the 3rd quarter valued at about $1,019,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 416 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total value of $73,856.64. Following the sale, the executive vice president owned 29,461 shares in the company, valued at approximately $5,230,505.94. This trade represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Citizens Jmp restated a “market outperform” rating and issued a $260.00 target price on shares of American Tower in a research note on Wednesday, April 29th. JPMorgan Chase & Co. cut their target price on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. TD Cowen cut their target price on shares of American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. Scotiabank upped their target price on shares of American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $195.00 price objective on shares of American Tower in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, American Tower presently has a consensus rating of “Moderate Buy” and a consensus price target of $216.20.

American Tower Trading Down 0.7%

NYSE:AMT opened at $185.84 on Tuesday. American Tower Corporation has a 12-month low of $165.08 and a 12-month high of $234.33. The firm has a market capitalization of $86.58 billion, a P/E ratio of 30.02, a P/E/G ratio of 0.78 and a beta of 0.90. 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 business has a 50 day simple moving average of $181.25 and a 200 day simple moving average of $179.96.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the previous year, the firm posted $2.75 EPS. The business’s revenue for the quarter 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. Equities research analysts predict that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Friday, June 12th will be paid a $1.79 dividend. The ex-dividend date is Friday, June 12th. This represents a $7.16 annualized dividend and a dividend yield of 3.9%. American Tower’s dividend payout ratio (DPR) is presently 115.67%.

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.