American Tower Corporation $AMT Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its stake in shares of American Tower Corporation (NYSE:AMT) by 8.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 344,798 shares of the real estate investment trust’s stock after selling 32,445 shares during the period. Pacer Advisors Inc.’s holdings in American Tower were worth $60,536,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of AMT. Richards Merrill & Peterson Inc. acquired a new position in shares of American Tower during the 4th quarter worth approximately $25,000. Oakworth Capital Inc. raised 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 during the last quarter. Holos Integrated Wealth LLC purchased a new stake in American Tower in the 4th quarter worth approximately $27,000. Triumph Capital Management purchased a new stake in American Tower in the 3rd quarter worth approximately $29,000. Finally, Steph & Co. grew its stake in American Tower by 87.2% in the 4th quarter. Steph & Co. now owns 176 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 82 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Stock Down 2.7%

Shares of NYSE AMT opened at $174.04 on Thursday. American Tower Corporation has a 52-week low of $165.08 and a 52-week high of $234.33. The firm has a fifty day moving average of $178.60 and a 200-day moving average of $179.32. The stock has a market capitalization of $81.08 billion, a PE ratio of 28.12, a P/E/G ratio of 0.75 and a beta of 0.90. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) 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 company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the company earned $2.75 EPS. The business’s quarterly 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. On average, analysts anticipate that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was Tuesday, April 14th. This represents a $7.16 annualized dividend and a dividend yield of 4.1%. This is a boost from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio is presently 115.67%.

Insider Activity

In other news, EVP Ruth T. Dowling sold 416 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total transaction of $73,856.64. Following the completion of the sale, the executive vice president directly owned 29,461 shares of the company’s stock, valued at $5,230,505.94. The trade was a 1.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Eugene M. Noel sold 41,209 shares of American Tower stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the transaction, the chief operating officer owned 29,592 shares in the company, valued at $5,653,551.60. The trade was a 58.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 42,181 shares of company stock valued at $8,046,071 in the last ninety days. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on AMT shares. Truist Financial lifted their target price on shares of American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. BMO Capital Markets lifted their target price on shares of American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 25th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $260.00 target price on shares of American Tower in a research note on Wednesday, April 29th. TD Cowen lowered their target price on shares of American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. Finally, Sanford C. Bernstein lifted their target price on shares of American Tower from $205.00 to $207.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.05.

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.