Madison Asset Management LLC Has $5.02 Million Position in American Tower Corporation $AMT

Madison Asset Management LLC reduced its stake in American Tower Corporation (NYSE:AMT) by 74.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 28,568 shares of the real estate investment trust’s stock after selling 81,631 shares during the quarter. Madison Asset Management LLC’s holdings in American Tower were worth $5,016,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMT. Vanguard Group Inc. increased its position in American Tower by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust’s stock worth $12,239,277,000 after buying an additional 611,801 shares during the period. Invesco Ltd. increased its position in American Tower by 3.1% in the 3rd quarter. Invesco Ltd. now owns 6,888,633 shares of the real estate investment trust’s stock worth $1,324,822,000 after buying an additional 208,109 shares during the period. Principal Financial Group Inc. increased its position in American Tower by 1.0% in the 4th quarter. Principal Financial Group Inc. now owns 6,038,061 shares of the real estate investment trust’s stock worth $1,060,103,000 after buying an additional 57,545 shares during the period. Capital Research Global Investors increased its position in American Tower by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 4,924,771 shares of the real estate investment trust’s stock worth $947,132,000 after buying an additional 15,145 shares during the period. Finally, Legal & General Group Plc increased its position in American Tower by 3.5% in the 3rd quarter. Legal & General Group Plc now owns 4,653,248 shares of the real estate investment trust’s stock worth $894,913,000 after buying an additional 159,223 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Stock Performance

AMT opened at $174.04 on Thursday. The stock has a market cap of $81.08 billion, a PE ratio of 28.12, a P/E/G ratio of 0.75 and a beta of 0.90. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. American Tower Corporation has a 1 year low of $165.08 and a 1 year high of $234.33. The stock’s 50 day simple moving average is $178.60 and its 200-day simple moving average is $179.32.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.American Tower’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Sell-side analysts forecast that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th were paid a $1.79 dividend. The ex-dividend date of this dividend was Tuesday, April 14th. This represents a $7.16 annualized dividend and a yield of 4.1%. This is a positive change from American Tower’s previous quarterly dividend of $1.70. American Tower’s payout ratio is presently 115.67%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Sanford C. Bernstein lifted their price target on American Tower from $205.00 to $207.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 28th. Weiss Ratings raised American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Scotiabank lifted their price target on American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $189.00 to $205.00 in a research report on Wednesday, April 15th. Finally, Jefferies Financial Group lifted their price target on American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, American Tower presently has a consensus rating of “Moderate Buy” and an average price target of $218.05.

Insider Activity at American Tower

In related news, Director Rajesh Kalathur purchased 2,671 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average price of $185.30 per share, with a total value of $494,936.30. Following the purchase, the director directly owned 4,936 shares in the company, valued at $914,640.80. This represents a 117.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Eugene M. Noel sold 41,209 shares of the business’s stock in a transaction 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 in the company, valued at approximately $5,653,551.60. This represents a 58.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 42,181 shares of company stock valued at $8,046,071 in the last 90 days. 0.08% of the stock is owned by corporate insiders.

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.