Capital International Investors Buys 7,940 Shares of American Tower Corporation $AMT

Capital International Investors raised its stake in American Tower Corporation (NYSE:AMT) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,506,470 shares of the real estate investment trust’s stock after buying an additional 7,940 shares during the period. Capital International Investors owned 0.32% of American Tower worth $289,724,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can increased its holdings in shares of American Tower by 1.9% during the third quarter. Bank of Montreal Can now owns 575,222 shares of the real estate investment trust’s stock worth $110,627,000 after buying an additional 10,820 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of American Tower by 3.5% during the 3rd quarter. Legal & General Group Plc now owns 4,653,248 shares of the real estate investment trust’s stock valued at $894,913,000 after acquiring an additional 159,223 shares in the last quarter. Banque Cantonale Vaudoise grew its position in American Tower by 1.3% during the 3rd quarter. Banque Cantonale Vaudoise now owns 19,499 shares of the real estate investment trust’s stock worth $3,750,000 after acquiring an additional 252 shares during the last quarter. Fieldview Capital Management LLC grew its position in American Tower by 101.2% during the 3rd quarter. Fieldview Capital Management LLC now owns 3,420 shares of the real estate investment trust’s stock worth $658,000 after acquiring an additional 1,720 shares during the last quarter. Finally, WINTON GROUP Ltd increased its holdings in American Tower by 150.4% in the 3rd quarter. WINTON GROUP Ltd now owns 34,200 shares of the real estate investment trust’s stock worth $6,577,000 after purchasing an additional 20,544 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on AMT. Weiss Ratings reissued a “hold (c)” rating on shares of American Tower in a research note on Monday, December 29th. Scotiabank lowered their price objective on American Tower from $220.00 to $214.00 and set a “sector outperform” rating for the company in a research note on Wednesday, February 25th. JPMorgan Chase & Co. dropped their price objective on shares of American Tower from $250.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, January 12th. UBS Group cut their target price on shares of American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Finally, BMO Capital Markets boosted their target price on shares of American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, American Tower presently has an average rating of “Moderate Buy” and a consensus target price of $217.35.

Insider Activity at American Tower

In other news, COO Eugene M. Noel sold 41,209 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the completion of the sale, the chief operating officer owned 29,592 shares of the company’s stock, valued at $5,653,551.60. This trade represents a 58.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by company insiders.

American Tower Stock Performance

AMT stock opened at $185.93 on Wednesday. The firm has a market cap of $86.66 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 0.78 and a beta of 0.92. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27. The stock has a 50-day moving average price of $181.00 and a 200-day moving average price of $184.48. American Tower Corporation has a 1-year low of $166.88 and a 1-year high of $234.33.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing the consensus estimate of $2.54 by ($0.79). American Tower had a net margin of 23.76% and a return on equity of 24.36%. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the previous year, the company earned $2.62 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. As a group, equities research analysts expect that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio (DPR) is currently 126.16%.

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.