American Tower Corporation $AMT Shares Bought by Invesco Ltd.

Invesco Ltd. boosted its position in shares of American Tower Corporation (NYSE:AMT) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,888,633 shares of the real estate investment trust’s stock after buying an additional 208,109 shares during the period. Invesco Ltd. owned 1.47% of American Tower worth $1,324,822,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. YANKCOM Partnership boosted its stake in shares of American Tower by 2.9% in the second quarter. YANKCOM Partnership now owns 1,729 shares of the real estate investment trust’s stock worth $382,000 after acquiring an additional 49 shares during the last quarter. Manchester Capital Management LLC increased its position in shares of American Tower by 3.1% during the second quarter. Manchester Capital Management LLC now owns 1,808 shares of the real estate investment trust’s stock worth $400,000 after purchasing an additional 54 shares in the last quarter. Johnson Financial Group Inc. raised its stake in American Tower by 7.1% in the 2nd quarter. Johnson Financial Group Inc. now owns 833 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 55 shares during the last quarter. SOA Wealth Advisors LLC. lifted its holdings in American Tower by 36.7% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 205 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 55 shares in the last quarter. Finally, Accredited Investors Inc. lifted its holdings in American Tower by 5.2% in the 2nd quarter. Accredited Investors Inc. now owns 1,167 shares of the real estate investment trust’s stock valued at $258,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Tower in a report on Monday, December 29th. Scotiabank decreased their price target on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, February 25th. JPMorgan Chase & Co. lowered their price target on shares of American Tower from $250.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. UBS Group dropped their price objective on shares of American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Finally, The Goldman Sachs Group decreased their target price on shares of American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.35.

Insider Activity at American Tower

In related news, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $191.05, for a total value of $7,872,979.45. Following the transaction, the chief operating officer directly owned 29,592 shares in the company, valued at approximately $5,653,551.60. This represents a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rajesh Kalathur acquired 2,671 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average price of $185.30 per share, with a total value of $494,936.30. Following the completion of the transaction, the director directly owned 4,936 shares of the company’s stock, valued at $914,640.80. This trade represents a 117.92% increase in their position. The SEC filing for this purchase provides additional information. 0.17% of the stock is currently owned by insiders.

American Tower Trading Down 1.7%

Shares of AMT stock opened at $179.66 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27. American Tower Corporation has a twelve month low of $166.88 and a twelve month high of $234.33. The company’s 50-day moving average price is $181.23 and its 200-day moving average price is $184.44. The stock has a market cap of $83.74 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 0.77 and a beta of 0.92.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.54 by ($0.79). American Tower had a return on equity of 24.36% and a net margin of 23.76%.The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the previous year, the business posted $2.62 earnings per share. American Tower’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 analysts predict that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be issued a dividend of $1.79 per share. The ex-dividend date is Tuesday, April 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from American Tower’s previous quarterly dividend of $1.70. American Tower’s payout ratio is 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.