Requisite Capital Management LLC Makes New Investment in American Tower Corporation $AMT

Requisite Capital Management LLC acquired a new position in shares of American Tower Corporation (NYSE:AMT) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 2,938 shares of the real estate investment trust’s stock, valued at approximately $521,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sapient Capital LLC lifted its position in American Tower by 26.8% during the 4th quarter. Sapient Capital LLC now owns 2,414 shares of the real estate investment trust’s stock worth $431,000 after acquiring an additional 510 shares during the period. North Dakota State Investment Board acquired a new stake in American Tower during the 4th quarter worth approximately $2,816,000. Elyxium Wealth LLC acquired a new stake in American Tower during the 4th quarter worth approximately $100,000. Soltis Investment Advisors LLC lifted its position in American Tower by 8.8% during the 4th quarter. Soltis Investment Advisors LLC now owns 44,156 shares of the real estate investment trust’s stock worth $7,752,000 after acquiring an additional 3,575 shares during the period. Finally, iA Global Asset Management Inc. acquired a new stake in American Tower during the 4th quarter worth approximately $5,545,000. 92.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Rajesh Kalathur purchased 2,671 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was bought at an average price of $185.30 per share, with a total value of $494,936.30. Following the completion of the transaction, the director owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. This represents a 117.92% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ruth T. Dowling sold 556 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total value of $99,234.88. Following the transaction, the executive vice president directly owned 29,877 shares of the company’s stock, valued at $5,332,446.96. The trade was a 1.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 42,181 shares of company stock valued at $8,046,071. Corporate insiders own 0.08% of the company’s stock.

American Tower Stock Performance

American Tower stock opened at $170.74 on Monday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a fifty day moving average of $177.80 and a two-hundred day moving average of $179.04. The company has a market capitalization of $79.54 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 0.71 and a beta of 0.90. American Tower Corporation has a fifty-two week low of $165.08 and a fifty-two week high of $234.33.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, topping the consensus estimate of $1.60 by $1.24. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.American Tower’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, analysts anticipate that American Tower Corporation will post 10.67 EPS for the current fiscal year.

American Tower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th were given a dividend of $1.79 per share. The ex-dividend date of this dividend was Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a yield of 4.2%. American Tower’s dividend payout ratio (DPR) is 115.67%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AMT shares. Morgan Stanley cut their target price on American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. UBS Group cut their target price on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Sanford C. Bernstein increased their target price on American Tower from $205.00 to $207.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 28th. Barclays cut their target price on American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Finally, Jefferies Financial Group increased their target price on American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $218.05.

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.