Deutsche Bank AG Makes New Investment in American Tower Corporation $AMT

Deutsche Bank AG acquired a new stake in American Tower Corporation (NYSE:AMT) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 6,701,631 shares of the real estate investment trust’s stock, valued at approximately $1,096,186,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMT. Richards Merrill & Peterson Inc. purchased a new position in shares of American Tower in the fourth quarter worth $25,000. Oakworth Capital Inc. boosted its position in American Tower by 90.7% during the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 68 shares during the period. Swiss RE Ltd. bought a new stake in American Tower in the 4th quarter worth $25,000. Allied Private Wealth LLC bought a new stake in American Tower in the 2nd quarter worth $29,000. Finally, Triumph Capital Management purchased a new position in shares of American Tower in the third quarter valued at about $29,000. Institutional investors own 92.69% of the company’s stock.

American Tower Trading Down 2.0%

NYSE:AMT opened at $172.12 on Tuesday. The company has a 50-day moving average price of $172.48 and a 200-day moving average price of $177.87. The stock has a market cap of $80.20 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 2.79 and a beta of 0.90. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.12. American Tower Corporation has a 12 month low of $160.06 and a 12 month high of $214.79.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $1.14. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the firm earned $2.60 earnings per share. American Tower’s revenue was up 4.6% on a year-over-year basis. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Equities analysts predict that American Tower Corporation will post 10.78 EPS for the current year.

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Friday, June 12th were given a $1.79 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $7.16 annualized dividend and a dividend yield of 4.2%. American Tower’s dividend payout ratio is currently 98.49%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AMT shares. Weiss Ratings raised shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. The Goldman Sachs Group set a $210.00 price target on American Tower in a report on Tuesday, July 28th. Truist Financial reaffirmed a “buy” rating and set a $207.00 price target (down from $208.00) on shares of American Tower in a research report on Wednesday, August 12th. Scotiabank reiterated an “outperform” rating on shares of American Tower in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. reduced their target price on American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $215.14.

Insider Buying and Selling

In other news, EVP Ruth T. Dowling sold 1,106 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total value of $193,505.76. Following the completion of the transaction, the executive vice president owned 27,711 shares in the company, valued at $4,848,316.56. This trade represents a 3.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Joseph Meyer sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the completion of the sale, the chief financial officer directly owned 21,428 shares in the company, valued at approximately $3,833,254.92. The trade was a 18.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 6,791 shares of company stock valued at $1,204,091. 0.08% of the stock is currently owned by company insiders.

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.