American Tower Corporation $AMT Stock Bought by Rare Wolf Capital LLC

Rare Wolf Capital LLC boosted its holdings in shares of American Tower Corporation (NYSE:AMT) by 160.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,726 shares of the real estate investment trust’s stock after purchasing an additional 2,912 shares during the quarter. Rare Wolf Capital LLC’s holdings in American Tower were worth $774,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Redwood Family Wealth LLC purchased a new position in shares of American Tower during the 3rd quarter valued at approximately $238,000. MBM Wealth Consultants LLC grew its stake in American Tower by 26.2% in the 3rd quarter. MBM Wealth Consultants LLC now owns 3,600 shares of the real estate investment trust’s stock valued at $589,000 after acquiring an additional 748 shares during the period. Norway Savings Bank acquired a new stake in American Tower in the 3rd quarter valued at $672,000. Tred Avon Family Wealth LLC increased its holdings in American Tower by 29.4% in the 3rd quarter. Tred Avon Family Wealth LLC now owns 5,989 shares of the real estate investment trust’s stock worth $980,000 after acquiring an additional 1,360 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in American Tower by 6.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 73,717 shares of the real estate investment trust’s stock worth $12,666,000 after acquiring an additional 4,400 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower Stock Up 0.2%

Shares of AMT opened at $183.38 on Wednesday. The stock has a 50 day moving average price of $174.13 and a 200 day moving average price of $175.55. American Tower Corporation has a one year low of $160.06 and a one year high of $196.08. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market capitalization of $85.45 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 2.94 and a beta of 0.88.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $1.14. American Tower had a return on equity of 32.76% and a net margin of 31.08%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the firm posted $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 forecast that American Tower Corporation will post 10.80 earnings per share for the current fiscal year.

American Tower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Wednesday, September 30th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Wednesday, September 30th. American Tower’s dividend payout ratio is 98.49%.

Insider Activity

In related news, CFO Robert Joseph Meyer sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $178.89, for a total transaction of $894,450.00. Following the transaction, the chief financial officer directly owned 21,428 shares in the company, valued at approximately $3,833,254.92. The trade was a 18.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ruth T. Dowling sold 1,106 shares of the company’s stock in a transaction dated 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 directly owned 27,711 shares of the company’s stock, valued at approximately $4,848,316.56. This represents a 3.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,791 shares of company stock worth $1,204,091 over the last three months. Insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

AMT has been the subject of a number of research analyst reports. Wolfe Research upgraded shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price objective for the company in a research report on Wednesday, July 8th. Mizuho set a $208.00 price objective on shares of American Tower in a report on Thursday, August 20th. BMO Capital Markets lifted their target price on shares of American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. Sanford C. Bernstein cut their target price on shares of American Tower from $214.00 to $212.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Weiss Ratings cut shares of American Tower from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $214.90.

American Tower Profile

American Tower Corporation (NYSE:AMT) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications.

The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations.