American Tower Corporation $AMT Holdings Reduced by Barton Investment Management

Barton Investment Management decreased its position in American Tower Corporation (NYSE:AMT) by 3.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 82,633 shares of the real estate investment trust’s stock after selling 2,830 shares during the period. American Tower makes up approximately 1.9% of Barton Investment Management’s investment portfolio, making the stock its 11th largest position. Barton Investment Management’s holdings in American Tower were worth $18,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMT. Brighton Jones LLC boosted its holdings in American Tower by 113.0% during the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after buying an additional 2,104 shares in the last quarter. NBC Securities Inc. lifted its position in shares of American Tower by 150,100.0% in the 1st quarter. NBC Securities Inc. now owns 1,502 shares of the real estate investment trust’s stock valued at $326,000 after acquiring an additional 1,501 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of American Tower by 19.1% in the 1st quarter. Merit Financial Group LLC now owns 8,186 shares of the real estate investment trust’s stock valued at $1,781,000 after acquiring an additional 1,312 shares in the last quarter. ST Germain D J Co. Inc. lifted its position in shares of American Tower by 23.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 502 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 95 shares in the last quarter. Finally, Sendero Wealth Management LLC purchased a new stake in shares of American Tower in the 1st quarter valued at approximately $218,000. Institutional investors own 92.69% of the company’s stock.

American Tower Price Performance

Shares of AMT stock opened at $191.03 on Friday. American Tower Corporation has a 1 year low of $172.51 and a 1 year high of $234.33. The firm’s 50 day moving average is $202.32 and its 200-day moving average is $211.93. The firm has a market capitalization of $89.45 billion, a price-to-earnings ratio of 69.47, a PEG ratio of 1.19 and a beta of 0.86. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 3.36.

American Tower (NYSE:AMT) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. American Tower had a net margin of 12.60% and a return on equity of 24.85%. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the previous year, the firm posted $2.79 earnings per share. American Tower’s revenue for the quarter was down 9.4% compared to the same quarter last year. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. Sell-side analysts forecast that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Tuesday, September 30th will be issued a dividend of $1.70 per share. The ex-dividend date is Tuesday, September 30th. This represents a $6.80 annualized dividend and a yield of 3.6%. American Tower’s dividend payout ratio is presently 247.27%.

Analysts Set New Price Targets

Several brokerages recently commented on AMT. Hsbc Global Res downgraded shares of American Tower from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. increased their target price on shares of American Tower from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of American Tower in a research report on Tuesday, July 29th. Royal Bank Of Canada set a $220.00 target price on shares of American Tower and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Wells Fargo & Company reduced their price objective on shares of American Tower from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $242.07.

Insider Buying and Selling

In other American Tower news, CEO Juan Font sold 720 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $208.33, for a total value of $149,997.60. Following the completion of the sale, the chief executive officer owned 23,425 shares in the company, valued at $4,880,130.25. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.17% of the stock is currently owned by corporate insiders.

American Tower Company Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.