First Financial Bank Trust Division Cuts Holdings in American Tower Corporation $AMT

First Financial Bank Trust Division lessened its stake in shares of American Tower Corporation (NYSE:AMT) by 89.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,369 shares of the real estate investment trust’s stock after selling 11,693 shares during the quarter. First Financial Bank Trust Division’s holdings in American Tower were worth $240,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Triumph Capital Management bought a new stake in American Tower during the third quarter valued at about $29,000. Painted Porch Advisors LLC raised its holdings in American Tower by 18.1% in the third quarter. Painted Porch Advisors LLC now owns 647 shares of the real estate investment trust’s stock worth $124,000 after purchasing an additional 99 shares in the last quarter. Saranac Partners Ltd purchased a new stake in shares of American Tower during the third quarter valued at about $331,000. Allworth Financial LP lifted its position in shares of American Tower by 0.7% during the third quarter. Allworth Financial LP now owns 45,717 shares of the real estate investment trust’s stock valued at $8,792,000 after buying an additional 315 shares during the last quarter. Finally, Swiss Life Asset Management Ltd boosted its holdings in shares of American Tower by 4.8% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 89,529 shares of the real estate investment trust’s stock valued at $17,218,000 after buying an additional 4,122 shares in the last quarter. 92.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other American Tower news, Director Rajesh Kalathur bought 2,671 shares of the company’s stock in a transaction dated 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 acquisition, the director directly owned 4,936 shares of the company’s stock, valued at $914,640.80. This represents a 117.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction dated 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 approximately $5,653,551.60. The trade was a 58.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

AMT has been the topic of several analyst reports. Barclays reaffirmed an “equal weight” rating and issued a $200.00 price target (down from $203.00) on shares of American Tower in a report on Monday, December 1st. Royal Bank Of Canada decreased their price objective on American Tower from $220.00 to $195.00 and set a “sector perform” rating for the company in a report on Monday, January 12th. Raymond James Financial lowered their price objective on American Tower from $231.00 to $229.00 and set a “strong-buy” rating for the company in a research report on Friday, January 23rd. BMO Capital Markets upped their target price on American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a research report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Tower in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, American Tower presently has an average rating of “Moderate Buy” and an average price target of $217.35.

American Tower Trading Down 2.4%

Shares of NYSE:AMT opened at $180.69 on Thursday. 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 business has a 50 day moving average of $181.99 and a two-hundred day moving average of $183.67. The company has a market capitalization of $84.22 billion, a PE ratio of 33.52, a PEG ratio of 0.78 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 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 analysts’ expectations of $2.69 billion. During the same period in the previous year, the company earned $2.62 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. As a group, analysts forecast that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be paid a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a $7.16 annualized dividend and a yield of 4.0%. This is an increase from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio is currently 126.16%.

American Tower Company 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.