Outlook Wealth Advisors LLC Purchases Shares of 3,838 American Tower Corporation $AMT

Outlook Wealth Advisors LLC purchased a new position in shares of American Tower Corporation (NYSE:AMT) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,838 shares of the real estate investment trust’s stock, valued at approximately $662,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oakworth Capital Inc. increased its holdings in American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 68 shares during the last quarter. Richards Merrill & Peterson Inc. acquired a new stake in American Tower in the fourth quarter valued at $25,000. Swiss RE Ltd. acquired a new position in shares of American Tower during the 4th quarter worth about $25,000. Triumph Capital Management acquired a new position in shares of American Tower during the 3rd quarter worth about $29,000. Finally, Holos Integrated Wealth LLC bought a new stake in shares of American Tower in the 4th quarter valued at about $27,000. Institutional investors own 92.69% of the company’s stock.

American Tower Stock Up 0.2%

Shares of AMT opened at $176.35 on Tuesday. The firm has a market cap of $82.16 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 0.74 and a beta of 0.90. 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 Corporation has a 52 week low of $165.08 and a 52 week high of $234.33. The firm’s 50-day simple moving average is $181.52 and its 200 day simple moving average is $179.94.

American Tower (NYSE:AMT) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period last year, the business posted $2.75 earnings per share. The business’s revenue for the quarter 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 forecast that American Tower Corporation will post 10.66 earnings per share for the current year.

American Tower Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, June 12th. American Tower’s dividend payout ratio (DPR) is presently 115.67%.

Insider Transactions at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 416 shares of the company’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total value of $73,856.64. Following the transaction, the executive vice president directly owned 29,461 shares of the company’s stock, valued at $5,230,505.94. This represents a 1.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Scotiabank lifted their price target on American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. TD Cowen dropped their price objective on American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. Citizens Jmp reiterated a “market outperform” rating and set a $260.00 target price on shares of American Tower in a research note on Wednesday, April 29th. JPMorgan Chase & Co. decreased their target price on American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Sanford C. Bernstein upgraded American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price target on the stock in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, American Tower has an average rating of “Moderate Buy” and an average target price of $216.20.

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.