American Tower Corporation (NYSE:AMT) Announces Quarterly Dividend of $1.79

American Tower Corporation (NYSE:AMT) declared a quarterly dividend on Friday, September 18th. Shareholders of record on Wednesday, September 30th will be given a dividend of 1.79 per share by the real estate investment trust on Tuesday, October 20th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 30th.

American Tower has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 12 consecutive years. American Tower has a dividend payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect American Tower to earn $11.35 per share next year, which means the company should continue to be able to cover its $7.16 annual dividend with an expected future payout ratio of 63.1%.

American Tower Stock Performance

Shares of American Tower stock traded down $1.58 on Friday, hitting $174.00. 3,651,771 shares of the company’s stock were exchanged, compared to its average volume of 3,054,506. The company has a 50-day simple moving average of $172.90 and a 200-day simple moving average of $176.78. The stock has a market capitalization of $81.07 billion, a PE ratio of 23.93, a PEG ratio of 2.83 and a beta of 0.89. American Tower has a 1 year low of $160.06 and a 1 year high of $197.40. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 EPS for the quarter, topping the consensus estimate of $1.57 by $1.14. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%.American Tower’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, equities analysts anticipate that American Tower will post 10.8 EPS for the current year.

Insider Activity at American Tower

In other news, Director Rajesh Kalathur bought 2,829 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average price of $177.00 per share, with a total value of $500,733.00. Following the acquisition, the director owned 7,765 shares of the company’s stock, valued at approximately $1,374,405. This represents a 57.31% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert Joseph Meyer sold 5,000 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the completion of the sale, the chief financial officer owned 21,428 shares of the company’s stock, valued at $3,833,254.92. The trade was a 18.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 6,791 shares of company stock worth $1,204,091. 0.08% of the stock is owned by corporate insiders.

Institutional Trading of American Tower

Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of American Tower during the 2nd quarter valued at about $7,490,943,000. J. Stern & Co. LLP increased its holdings in shares of American Tower by 28,121.1% in the fourth quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust’s stock worth $6,616,703,000 after purchasing an additional 37,553,436 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of American Tower in the second quarter worth about $1,096,186,000. Norges Bank purchased a new stake in shares of American Tower in the fourth quarter worth about $1,171,180,000. Finally, Bank of America Corp DE bought a new position in American Tower during the second quarter valued at approximately $638,829,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

About American Tower

American Tower Corporation (NYSE:AMT) is a global owner, operator and developer of wireless communications infrastructure. The company leases space on communications sites, including towers, rooftops and other structures, to wireless carriers, broadcasters, government agencies and other customers. Its infrastructure supports wireless networks and the transmission of voice, data and video services.

In addition to traditional macro towers, American Tower provides distributed antenna systems and other in-building or venue-based communications solutions designed to improve wireless coverage and capacity.