American Tower Corporation $AMT Stock Holdings Decreased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lessened its stake in American Tower Corporation (NYSE:AMT) by 2.0% during the third quarter, HoldingsChannel.com reports. The firm owned 1,419,295 shares of the real estate investment trust’s stock after selling 28,255 shares during the period. CIBC Private Wealth Group LLC’s holdings in American Tower were worth $272,959,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in American Tower by 1.0% in the third 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. JPMorgan Chase & Co. lifted its holdings in American Tower by 24.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,666,082 shares of the real estate investment trust’s stock worth $2,799,458,000 after buying an additional 2,474,328 shares during the last quarter. Invesco Ltd. lifted its holdings in American Tower by 3.1% during the 3rd quarter. Invesco Ltd. now owns 6,888,633 shares of the real estate investment trust’s stock worth $1,324,822,000 after buying an additional 208,109 shares during the last quarter. Norges Bank acquired a new position in shares of American Tower in the 2nd quarter worth approximately $1,371,875,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of American Tower by 3.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,563,565 shares of the real estate investment trust’s stock worth $1,229,659,000 after acquiring an additional 208,213 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Stock Performance

AMT stock opened at $184.93 on Wednesday. American Tower Corporation has a 1 year low of $166.88 and a 1 year high of $234.33. The stock has a market capitalization of $86.19 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 0.78 and a beta of 0.92. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.60 and a current ratio of 0.60. The stock’s fifty day moving average is $181.77 and its two-hundred day moving average is $183.69.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing the consensus estimate of $2.54 by ($0.79). American Tower had a return on equity of 24.36% and a net margin of 23.76%.The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the prior year, the company posted $2.62 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, research analysts predict that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be given a $1.79 dividend. This is a positive change from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date is Tuesday, April 14th. This represents a $7.16 annualized dividend and a yield of 3.9%. American Tower’s payout ratio is currently 132.84%.

Insider Activity at American Tower

In related news, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $5,653,551.60. This represents a 58.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rajesh Kalathur bought 2,671 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the transaction, the director owned 4,936 shares in the company, valued at $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMT has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of American Tower in a research report on Monday, December 29th. Barclays reaffirmed an “equal weight” rating and issued a $200.00 price objective (down from $203.00) on shares of American Tower in a report on Monday, December 1st. TD Cowen dropped their target price on shares of American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. New Street Research upgraded shares of American Tower from a “neutral” rating to a “buy” rating and set a $203.00 price target on the stock in a research report on Monday, January 5th. Finally, The Goldman Sachs Group decreased their price target on shares of American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.35.

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.