Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Stake in American Tower Corporation $AMT

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its holdings in shares of American Tower Corporation (NYSE:AMT) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 73,984 shares of the real estate investment trust’s stock after selling 3,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in American Tower were worth $12,989,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in American Tower by 20,721.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock valued at $1,705,254,000 after acquiring an additional 9,666,025 shares in the last quarter. Norges Bank purchased a new stake in American Tower in the 4th quarter worth $1,171,180,000. Lazard Asset Management LLC boosted its holdings in shares of American Tower by 1,984.8% during the 3rd quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock valued at $858,552,000 after purchasing an additional 4,250,242 shares during the last quarter. Viking Global Investors LP grew its position in shares of American Tower by 233.5% during the second quarter. Viking Global Investors LP now owns 2,797,125 shares of the real estate investment trust’s stock valued at $618,221,000 after purchasing an additional 1,958,329 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of American Tower in the third quarter worth about $305,872,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower Stock Performance

NYSE AMT opened at $193.88 on Friday. The business’s 50 day moving average price is $179.08 and its 200-day moving average price is $179.58. American Tower Corporation has a fifty-two week low of $165.08 and a fifty-two week high of $234.33. The company has a market cap of $90.33 billion, a P/E ratio of 31.32, a P/E/G ratio of 0.81 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 (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, beating the consensus estimate of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the firm posted $2.75 EPS. American Tower’s quarterly revenue was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Sell-side analysts predict that American Tower Corporation will post 10.67 earnings per share for the current year.

American Tower Announces Dividend

The business also recently declared 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 yield of 3.7%. The ex-dividend date is Friday, June 12th. American Tower’s dividend payout ratio is presently 115.67%.

Insider Buying and Selling at American Tower

In related news, EVP Ruth T. Dowling sold 416 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total transaction 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. This represents a 1.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur acquired 2,671 shares of American Tower stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the transaction, the director directly owned 4,936 shares in the company, valued at $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on AMT. Jefferies Financial Group raised their price target on American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. TD Cowen reduced their price target on shares of American Tower from $235.00 to $225.00 in a research report on Wednesday, February 25th. BMO Capital Markets increased their price objective on shares of American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a research report on Wednesday, February 25th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $195.00 price objective on shares of American Tower in a research note on Thursday, April 30th. Finally, Sanford C. Bernstein upgraded shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 target price on the stock in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $216.20.

American Tower 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.