31,582 Shares in American Tower Corporation $AMT Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. purchased a new position in American Tower Corporation (NYSE:AMT) in the fourth quarter, Holdings Channel reports. The fund purchased 31,582 shares of the real estate investment trust’s stock, valued at approximately $5,545,000.

Other large investors also recently bought and sold shares of the company. Oakworth Capital Inc. raised its holdings in American Tower by 90.7% in 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 period. Richards Merrill & Peterson Inc. acquired a new position in American Tower in the 4th quarter worth about $25,000. Triumph Capital Management acquired a new position in American Tower in the 3rd quarter worth about $29,000. Holos Integrated Wealth LLC acquired a new position in American Tower in the 4th quarter worth about $27,000. Finally, Root Financial Partners LLC acquired a new position in American Tower in the 3rd quarter worth about $32,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AMT shares. UBS Group reduced their price target on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. BMO Capital Markets increased their target price on American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a report on Wednesday, February 25th. Scotiabank increased their target price on American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Citizens Jmp reissued a “market outperform” rating and set a $260.00 target price on shares of American Tower in a report on Wednesday, April 29th. Finally, Weiss Ratings raised American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $218.05.

Insider Buying and Selling

In other American Tower news, Director Rajesh Kalathur acquired 2,671 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $914,640.80. The trade was a 117.92% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 owned 29,592 shares of the company’s stock, valued at $5,653,551.60. The trade was a 58.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 42,181 shares of company stock worth $8,046,071. Company insiders own 0.08% of the company’s stock.

American Tower Price Performance

NYSE:AMT opened at $170.74 on Monday. American Tower Corporation has a one year low of $165.08 and a one year high of $234.33. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market cap of $79.54 billion, a PE ratio of 27.58, a P/E/G ratio of 0.71 and a beta of 0.90. The stock has a 50 day moving average price of $177.80 and a 200 day moving average price of $179.04.

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

American Tower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th were issued a $1.79 dividend. This is a boost from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, April 14th. American Tower’s payout ratio is 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.