Lmcg Investments LLC Acquires 6,060 Shares of American Tower Corporation $AMT

Lmcg Investments LLC lifted its holdings in shares of American Tower Corporation (NYSE:AMT) by 320.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,950 shares of the real estate investment trust’s stock after buying an additional 6,060 shares during the quarter. Lmcg Investments LLC’s holdings in American Tower were worth $1,372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Richards Merrill & Peterson Inc. acquired a new stake in American Tower during the 4th quarter worth $25,000. Oakworth Capital Inc. lifted its stake in shares of American Tower by 90.7% in the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 68 shares during the period. Swiss RE Ltd. bought a new position in shares of American Tower in the 4th quarter worth $25,000. Holos Integrated Wealth LLC acquired a new stake in shares of American Tower during the fourth quarter worth $27,000. Finally, Triumph Capital Management acquired a new stake in shares of American Tower during the third quarter worth $29,000. 92.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMT. Royal Bank Of Canada raised American Tower from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $195.00 to $205.00 in a research note on Friday, June 26th. JPMorgan Chase & Co. decreased their target price on American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $260.00 price target on shares of American Tower in a research note on Wednesday, April 29th. Barclays cut their price target on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Finally, Sanford C. Bernstein raised shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price objective on the stock in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, American Tower has an average rating of “Moderate Buy” and a consensus target price of $215.57.

Insider Buying and Selling

In other American Tower news, EVP Ruth T. Dowling sold 416 shares of American Tower 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 transaction, the executive vice president owned 29,461 shares of the company’s stock, valued at approximately $5,230,505.94. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company’s stock.

American Tower Stock Down 0.1%

NYSE:AMT opened at $165.04 on Thursday. American Tower Corporation has a 1 year low of $160.06 and a 1 year high of $234.33. The stock has a 50-day moving average price of $179.12 and a two-hundred day moving average price of $179.02. The stock has a market cap of $76.89 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 0.69 and a beta of 0.91. 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 released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping 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 company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the firm posted $2.75 earnings per share. American Tower’s 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 expect that American Tower Corporation will post 10.66 earnings per share for the current year.

American Tower Dividend Announcement

The firm 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 dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, June 12th. American Tower’s dividend payout ratio 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.