Portside Wealth Group LLC Has $1.64 Million Position in American Tower Corporation $AMT

Portside Wealth Group LLC lifted its position in shares of American Tower Corporation (NYSE:AMT) by 47.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,357 shares of the real estate investment trust’s stock after buying an additional 3,026 shares during the period. Portside Wealth Group LLC’s holdings in American Tower were worth $1,643,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Abound Wealth Management boosted its holdings in American Tower by 137.3% during the third quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 81 shares during the last quarter. Holos Integrated Wealth LLC acquired a new position in American Tower during the fourth quarter worth $27,000. Triumph Capital Management acquired a new position in American Tower during the third quarter worth $29,000. Root Financial Partners LLC acquired a new position in American Tower during the third quarter worth $32,000. Finally, Physician Wealth Advisors Inc. boosted its holdings in American Tower by 85.9% during 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 last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Stock Performance

Shares of AMT stock opened at $176.20 on Tuesday. The stock has a market cap of $82.12 billion, a P/E ratio of 32.69, a P/E/G ratio of 0.73 and a beta of 0.92. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60. The company has a fifty day moving average price of $180.95 and a two-hundred day moving average price of $181.48. American Tower Corporation has a one year low of $165.08 and a one year high of $234.33.

American Tower (NYSE:AMT) last announced its quarterly 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 net margin of 23.76% and a return on equity of 24.36%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the business earned $2.62 EPS. The business’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, equities analysts predict that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be given a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.1%. American Tower’s payout ratio is 126.16%.

Analyst Ratings Changes

AMT has been the subject of several recent research reports. Morgan Stanley reduced their price target on American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. UBS Group reduced their price target on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Jefferies Financial Group increased their price target on American Tower from $200.00 to $209.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Sanford C. Bernstein initiated coverage on American Tower in a research report on Thursday, March 5th. They set a “market perform” rating and a $205.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Tower in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $216.76.

Insider Buying and Selling

In other American Tower news, Director Rajesh Kalathur acquired 2,671 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 4,936 shares in the company, valued at approximately $914,640.80. This represents a 117.92% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $7,872,979.45. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.17% of the company’s stock.

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.