GSI Capital Advisors LLC Buys 3,979 Shares of American Tower Corporation $AMT

GSI Capital Advisors LLC grew its stake in American Tower Corporation (NYSE:AMT) by 20.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,248 shares of the real estate investment trust’s stock after acquiring an additional 3,979 shares during the quarter. American Tower accounts for 2.3% of GSI Capital Advisors LLC’s portfolio, making the stock its 20th biggest holding. GSI Capital Advisors LLC’s holdings in American Tower were worth $4,082,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Oakworth Capital Inc. lifted its holdings 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 valued at $25,000 after buying an additional 68 shares during the period. Richards Merrill & Peterson Inc. bought a new position in shares of American Tower during the 4th quarter valued at $25,000. Triumph Capital Management bought a new position in shares of American Tower during the 3rd quarter valued at $29,000. Holos Integrated Wealth LLC bought a new position in shares of American Tower during the 4th quarter valued at $27,000. Finally, Lloyd Advisory Services LLC. bought a new position in American Tower in the 4th quarter worth $30,000. 92.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AMT shares. Jefferies Financial Group raised their target price on American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. TD Cowen decreased their target price on American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. BMO Capital Markets raised their target price on American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a report on Wednesday, February 25th. Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $189.00 to $205.00 in a report on Wednesday, April 15th. Finally, Sanford C. Bernstein raised American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 target price on the stock in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $216.20.

American Tower Trading Down 1.5%

Shares of AMT stock opened at $189.65 on Friday. American Tower Corporation has a 52-week low of $165.08 and a 52-week 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 firm has a market capitalization of $88.35 billion, a PE ratio of 30.64, a PEG ratio of 0.80 and a beta of 0.90. The stock has a fifty day simple moving average of $180.69 and a two-hundred day simple moving average of $179.87.

American Tower (NYSE:AMT) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.American Tower’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, analysts predict that American Tower Corporation will post 10.67 EPS for the current fiscal year.

American Tower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be given a dividend of $1.79 per share. The ex-dividend date is Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.8%. American Tower’s dividend payout ratio (DPR) is presently 115.67%.

Insider Buying and Selling at American Tower

In other news, EVP Ruth T. Dowling sold 556 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total transaction of $99,234.88. Following the completion of the transaction, the executive vice president owned 29,877 shares in the company, valued at $5,332,446.96. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by insiders.

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.