PYA Waltman Capital LLC Sells 4,209 Shares of American Tower Corporation $AMT

PYA Waltman Capital LLC cut its holdings in American Tower Corporation (NYSE:AMT) by 47.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,705 shares of the real estate investment trust’s stock after selling 4,209 shares during the quarter. PYA Waltman Capital LLC’s holdings in American Tower were worth $826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Oakworth Capital Inc. boosted its position in 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 acquiring an additional 68 shares in the last quarter. Richards Merrill & Peterson Inc. bought a new stake in American Tower during the 4th quarter valued at approximately $25,000. Swiss RE Ltd. bought a new stake in American Tower during the 4th quarter valued at approximately $25,000. Triumph Capital Management bought a new stake in American Tower during the 3rd quarter valued at approximately $29,000. Finally, Holos Integrated Wealth LLC bought a new stake in American Tower during the 4th quarter valued at approximately $27,000. 92.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Ruth T. Dowling sold 556 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total value of $99,234.88. Following the completion of the transaction, the executive vice president directly owned 29,877 shares in the company, valued at $5,332,446.96. The trade was a 1.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMT. Citizens Jmp reaffirmed a “market outperform” rating and set a $260.00 price objective on shares of American Tower in a research report on Wednesday, April 29th. Sanford C. Bernstein upgraded shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 target price for the company in a report on Tuesday, May 19th. TD Cowen lowered their target price on shares of American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $195.00 target price on shares of American Tower in a report on Thursday, April 30th. Finally, BMO Capital Markets lifted their target price on shares of American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $216.20.

American Tower Price Performance

AMT stock opened at $187.20 on Monday. American Tower Corporation has a 52-week low of $165.08 and a 52-week high of $234.33. The firm has a market capitalization of $87.22 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 0.78 and a beta of 0.90. The firm has a 50 day moving average price of $181.01 and a 200-day moving average price of $179.92. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43.

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 for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.66 billion. During the same period in the previous year, the business earned $2.75 EPS. The firm’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 forecast 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. Investors of record on Friday, June 12th will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, June 12th. American Tower’s payout ratio is presently 115.67%.

About American Tower

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.