Eurizon Capital SGR S.p.A. Makes New $40.01 Million Investment in American Tower Corporation $AMT

Eurizon Capital SGR S.p.A. purchased a new position in American Tower Corporation (NYSE:AMT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 227,730 shares of the real estate investment trust’s stock, valued at approximately $40,008,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Personal CFO Solutions LLC boosted its stake in American Tower by 3.5% in the 4th quarter. Personal CFO Solutions LLC now owns 1,667 shares of the real estate investment trust’s stock worth $293,000 after buying an additional 57 shares during the last quarter. Conscious Wealth Investments LLC boosted its stake in American Tower by 0.5% in the 3rd quarter. Conscious Wealth Investments LLC now owns 11,852 shares of the real estate investment trust’s stock worth $2,121,000 after buying an additional 60 shares during the last quarter. SPC Financial Inc. boosted its stake in American Tower by 1.5% in the 3rd quarter. SPC Financial Inc. now owns 4,093 shares of the real estate investment trust’s stock worth $787,000 after buying an additional 61 shares during the last quarter. Cary Street Partners Financial LLC boosted its stake in American Tower by 0.4% in the 3rd quarter. Cary Street Partners Financial LLC now owns 15,152 shares of the real estate investment trust’s stock worth $2,914,000 after buying an additional 62 shares during the last quarter. Finally, Concord Wealth Partners boosted its stake in American Tower by 6.6% in the 4th quarter. Concord Wealth Partners now owns 995 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 62 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

American Tower Stock Performance

Shares of NYSE:AMT opened at $186.87 on Friday. The company has a market cap of $87.06 billion, a P/E ratio of 30.19, a PEG ratio of 0.78 and a beta of 0.90. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. American Tower Corporation has a one year low of $165.08 and a one year high of $234.33. The business’s 50-day simple moving average is $177.67 and its 200 day simple moving average is $179.37.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, beating the consensus estimate of $1.60 by $1.24. The business had revenue of $2.74 billion for 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%.The company’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, sell-side analysts forecast that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, June 12th. American Tower’s dividend payout ratio (DPR) is presently 115.67%.

Insider Activity at American Tower

In related news, Director Rajesh Kalathur bought 2,671 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the acquisition, the director owned 4,936 shares in the company, valued at $914,640.80. This represents a 117.92% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ruth T. Dowling sold 416 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total value of $73,856.64. Following the sale, the executive vice president owned 29,461 shares in the company, valued at approximately $5,230,505.94. The trade was a 1.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 42,181 shares of company stock worth $8,046,071. 0.08% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AMT has been the topic of several research analyst reports. Jefferies Financial Group lifted their price objective on American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $195.00 price objective on shares of American Tower in a research note on Thursday, April 30th. BMO Capital Markets lifted their price objective on American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a research note on Wednesday, February 25th. Truist Financial lifted their price objective on American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $189.00 to $205.00 in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, American Tower presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.20.

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.