Dockside LLC Takes Position in American Tower Corporation $AMT

Dockside LLC purchased a new position in American Tower Corporation (NYSE:AMT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,451 shares of the real estate investment trust’s stock, valued at approximately $2,037,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Walleye Capital LLC purchased a new position in American Tower during the second quarter valued at approximately $28,805,000. Tema ETFs LLC lifted its holdings in American Tower by 16.3% during the second quarter. Tema ETFs LLC now owns 9,202 shares of the real estate investment trust’s stock worth $1,505,000 after buying an additional 1,290 shares during the period. E. Ohman J or Asset Management AB boosted its position in American Tower by 9.4% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 21,480 shares of the real estate investment trust’s stock valued at $3,513,000 after acquiring an additional 1,850 shares in the last quarter. Handelsbanken Fonder AB boosted its position in American Tower by 2.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 207,269 shares of the real estate investment trust’s stock valued at $33,903,000 after acquiring an additional 4,916 shares in the last quarter. Finally, Community Financial Services Group LLC increased its holdings in shares of American Tower by 1.2% in the 2nd quarter. Community Financial Services Group LLC now owns 5,388 shares of the real estate investment trust’s stock valued at $895,000 after acquiring an additional 65 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Insider Transactions at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 1,106 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total transaction of $193,505.76. Following the sale, the executive vice president owned 27,711 shares of the company’s stock, valued at approximately $4,848,316.56. The trade was a 3.84% decrease in their position. The transaction was disclosed in a document filed 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, CFO Robert Joseph Meyer sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total transaction of $894,450.00. Following the completion of the transaction, the chief financial officer directly owned 21,428 shares of the company’s stock, valued at approximately $3,833,254.92. This represents a 18.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,791 shares of company stock worth $1,204,091 in the last 90 days. Insiders own 0.08% of the company’s stock.

American Tower Stock Performance

Shares of AMT opened at $175.68 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.12. The firm has a market cap of $81.86 billion, a PE ratio of 24.17, a P/E/G ratio of 2.76 and a beta of 0.90. American Tower Corporation has a 12 month low of $160.06 and a 12 month high of $214.79. The stock has a fifty day moving average price of $172.82 and a 200-day moving average price of $177.94.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping the consensus estimate of $1.57 by $1.14. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the business earned $2.60 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Equities research analysts predict that American Tower Corporation will post 10.78 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Friday, June 12th were paid a dividend of $1.79 per share. The ex-dividend date was Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.1%. American Tower’s payout ratio is presently 98.49%.

Analysts Set New Price Targets

AMT has been the subject of several recent research reports. Citizens Jmp reissued a “market outperform” rating and issued a $260.00 price target on shares of American Tower in a research report on Wednesday, April 29th. The Goldman Sachs Group set a $210.00 price objective on American Tower in a research report on Tuesday, July 28th. Wolfe Research upgraded shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 target price for the company in a report on Wednesday, July 8th. Scotiabank reissued an “outperform” rating on shares of American Tower in a research report on Wednesday, July 29th. Finally, BMO Capital Markets raised their price target on shares of American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $215.14.

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.