American Tower Corporation $AMT Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its stake in shares of American Tower Corporation (NYSE:AMT) by 64.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 91,148 shares of the real estate investment trust’s stock after acquiring an additional 35,849 shares during the period. American Tower makes up about 0.4% of Y Intercept Hong Kong Ltd’s holdings, making the stock its 27th largest position. Y Intercept Hong Kong Ltd’s holdings in American Tower were worth $16,003,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Richards Merrill & Peterson Inc. bought a new stake in shares of American Tower during the 4th quarter worth about $25,000. Oakworth Capital Inc. raised its position in shares of American Tower by 90.7% during the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 68 shares in the last quarter. Swiss RE Ltd. bought a new stake in shares of American Tower during the 4th quarter worth about $25,000. Holos Integrated Wealth LLC bought a new stake in shares of American Tower during the 4th quarter worth about $27,000. Finally, Triumph Capital Management bought a new stake in shares of American Tower during the 3rd quarter worth about $29,000. 92.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 25th. Jefferies Financial Group lifted their target price on American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $195.00 target price on shares of American Tower in a report on Thursday, April 30th. Truist Financial lifted their target price on American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Morgan Stanley lowered their target price on American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.20.

Insiders Place Their Bets

In related news, EVP Ruth T. Dowling sold 556 shares of American Tower stock in a transaction dated 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 owned 29,877 shares of the company’s stock, valued at approximately $5,332,446.96. This trade represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.08% of the company’s stock.

American Tower Price Performance

NYSE:AMT opened at $187.20 on Friday. The business’s 50-day moving average price is $181.01 and its 200 day moving average price is $179.92. The firm has a market cap of $87.22 billion, a P/E ratio of 30.24, a PEG ratio of 0.79 and a beta of 0.90. American Tower Corporation has a 52-week low of $165.08 and a 52-week high of $234.33. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company earned $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, sell-side analysts predict that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Dividend Announcement

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 paid a $1.79 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a yield of 3.8%. American Tower’s dividend payout ratio (DPR) is currently 115.67%.

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.