Vista Cima Wealth Management LLC Makes New $600,000 Investment in American Tower Corporation $AMT

Vista Cima Wealth Management LLC bought a new stake in shares of American Tower Corporation (NYSE:AMT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,121 shares of the real estate investment trust’s stock, valued at approximately $600,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. YANKCOM Partnership increased its position in American Tower by 2.9% during the 2nd quarter. YANKCOM Partnership now owns 1,729 shares of the real estate investment trust’s stock valued at $382,000 after purchasing an additional 49 shares during the period. Manchester Capital Management LLC lifted its position in shares of American Tower by 3.1% in the 2nd 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 during the period. Johnson Financial Group Inc. lifted its position in shares of 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 worth $186,000 after purchasing an additional 55 shares during the period. SOA Wealth Advisors LLC. boosted its stake in shares of American Tower by 36.7% during 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, Pines Wealth Management LLC increased its position in shares of American Tower by 4.1% during the third quarter. Pines Wealth Management LLC now owns 1,488 shares of the real estate investment trust’s stock valued at $286,000 after buying an additional 58 shares during the period. Institutional investors own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on AMT shares. UBS Group lowered their price objective on shares of American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Mizuho reduced their target price on American Tower from $217.00 to $189.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. JPMorgan Chase & Co. decreased their target price on American Tower from $250.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Scotiabank dropped their price target on American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, February 25th. Finally, Raymond James Financial reduced their price target on American Tower from $231.00 to $229.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $217.35.

Insider Activity

In related news, COO Eugene M. Noel sold 41,209 shares of the 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 transaction, the chief operating officer owned 29,592 shares in the company, valued at $5,653,551.60. This represents a 58.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rajesh Kalathur bought 2,671 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was bought at an average cost of $185.30 per share, with a total value of $494,936.30. Following the transaction, the director owned 4,936 shares in the company, valued at $914,640.80. This trade represents a 117.92% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.17% of the stock is currently owned by corporate insiders.

American Tower Stock Performance

AMT stock opened at $184.39 on Friday. The stock’s 50 day simple moving average is $181.42 and its 200 day simple moving average is $184.25. 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 12-month low of $166.88 and a 12-month high of $234.33. The stock has a market capitalization of $85.94 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 0.76 and a beta of 0.92.

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

American Tower Increases Dividend

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

American Tower Profile

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.