Sunbelt Securities Inc. Has $2.06 Million Stock Holdings in American Tower Corporation $AMT

Sunbelt Securities Inc. increased its holdings in shares of American Tower Corporation (NYSE:AMT) by 113.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 10,701 shares of the real estate investment trust’s stock after acquiring an additional 5,698 shares during the period. Sunbelt Securities Inc.’s holdings in American Tower were worth $2,058,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Abound Wealth Management grew its position in shares of American Tower by 137.3% during the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 81 shares during the period. Triumph Capital Management bought a new position in American Tower during the third quarter worth $29,000. Root Financial Partners LLC bought a new position in American Tower during the third quarter worth $32,000. Physician Wealth Advisors Inc. grew its holdings in American Tower by 85.9% in the third quarter. Physician Wealth Advisors Inc. now owns 171 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 79 shares during the period. Finally, Westside Investment Management Inc. increased its stake in American Tower by 103.6% in the third quarter. Westside Investment Management Inc. now owns 169 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 86 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Tower

In related news, COO Eugene M. Noel sold 41,209 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were 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 of the company’s stock, valued at approximately $5,653,551.60. The trade was a 58.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rajesh Kalathur purchased 2,671 shares of American Tower stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average price of $185.30 per share, with a total value of $494,936.30. Following the transaction, the director 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.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMT. Royal Bank Of Canada cut their price objective on shares of American Tower from $220.00 to $195.00 and set a “sector perform” rating on the stock in a research report on Monday, January 12th. Raymond James Financial reduced their price objective on American Tower from $231.00 to $229.00 and set a “strong-buy” rating for the company in a research note on Friday, January 23rd. JPMorgan Chase & Co. cut their target price on American Tower from $250.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Barclays reissued an “equal weight” rating and issued a $200.00 price target (down from $203.00) on shares of American Tower in a research report on Monday, December 1st. Finally, Scotiabank lowered their price objective on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $217.35.

American Tower Stock Down 2.4%

American Tower stock opened at $180.69 on Thursday. American Tower Corporation has a fifty-two week low of $166.88 and a fifty-two week high of $234.33. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.60 and a current ratio of 0.60. The firm’s 50-day simple moving average is $181.99 and its 200 day simple moving average is $183.67. The stock has a market cap of $84.22 billion, a PE ratio of 33.52, a price-to-earnings-growth 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 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 the consensus estimate of $2.69 billion. During the same period in the prior year, the business earned $2.62 EPS. American Tower’s quarterly 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. Research analysts predict that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Investors 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 yield of 4.0%. This is an increase from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date is Tuesday, April 14th. American Tower’s dividend 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.