Groupama Asset Managment Has $21.79 Million Stock Position in American Tower Corporation $AMT

Groupama Asset Managment raised its holdings in shares of American Tower Corporation (NYSE:AMT) by 5.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 124,118 shares of the real estate investment trust’s stock after acquiring an additional 6,467 shares during the period. Groupama Asset Managment’s holdings in American Tower were worth $21,791,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Oakworth Capital Inc. increased its holdings in shares of American Tower by 90.7% in the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 68 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new position in shares of American Tower in the 4th quarter valued at approximately $25,000. Swiss RE Ltd. acquired a new position in shares of American Tower in the 4th quarter valued at approximately $25,000. Triumph Capital Management bought a new stake in American Tower during the 3rd quarter worth approximately $29,000. Finally, Holos Integrated Wealth LLC bought a new stake in shares of American Tower during the fourth quarter worth $27,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMT. Scotiabank lifted their price objective on shares of American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. dropped their target price on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Raymond James Financial reiterated a “strong-buy” rating and issued a $240.00 target price on shares of American Tower in a research note on Wednesday, April 29th. Royal Bank Of Canada reissued a “sector perform” rating and set a $195.00 target price on shares of American Tower in a report on Thursday, April 30th. Finally, Barclays decreased their price target on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. One 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 data from MarketBeat, American Tower currently has an average rating of “Moderate Buy” and a consensus price target of $216.20.

American Tower Stock Performance

NYSE:AMT opened at $175.66 on Friday. The firm has a market capitalization of $81.84 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 0.76 and a beta of 0.90. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. The stock’s 50-day simple moving average is $181.60 and its 200 day simple moving average is $179.94. American Tower Corporation has a twelve month low of $165.08 and a twelve month high of $234.33.

American Tower (NYSE:AMT) last issued 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 business had revenue of $2.74 billion during 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%.The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.75 EPS. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be given a $1.79 dividend. The ex-dividend date is Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.1%. American Tower’s payout ratio is 115.67%.

Insider Buying and Selling

In related news, EVP Ruth T. Dowling sold 416 shares of the company’s stock in a transaction dated 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 $5,230,505.94. This represents a 1.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company’s stock.

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.