American Tower Corporation $AMT Position Increased by NBW Capital LLC

NBW Capital LLC lifted its position in American Tower Corporation (NYSE:AMT) by 36.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,721 shares of the real estate investment trust’s stock after acquiring an additional 6,842 shares during the period. NBW Capital LLC’s holdings in American Tower were worth $5,685,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in American Tower in the 2nd quarter worth approximately $31,000. VSM Wealth Advisory LLC lifted its holdings in shares of American Tower by 136.4% in the second quarter. VSM Wealth Advisory LLC now owns 156 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 90 shares in the last quarter. Rosenberg Matthew Hamilton boosted its position in shares of American Tower by 86.0% in the second quarter. Rosenberg Matthew Hamilton now owns 173 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 80 shares during the period. Saudi Central Bank purchased a new position in shares of American Tower during the first quarter valued at $40,000. Finally, Winnow Wealth LLC purchased a new position in shares of American Tower during the second quarter valued at $44,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insiders Place Their Bets

In related news, Director Eugene F. Reilly bought 5,554 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was purchased at an average price of $178.99 per share, with a total value of $994,110.46. Following the completion of the transaction, the director directly owned 5,689 shares of the company’s stock, valued at $1,018,274.11. This trade represents a 4,114.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada set a $220.00 price objective on American Tower and gave the stock a “sector perform” rating in a research note on Wednesday, October 1st. BMO Capital Markets reduced their price target on shares of American Tower from $220.00 to $215.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. The Goldman Sachs Group decreased their price target on shares of American Tower from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Barclays reaffirmed an “equal weight” rating and set a $200.00 price objective (down from $203.00) on shares of American Tower in a research report on Monday. Finally, JPMorgan Chase & Co. cut their target price on shares of American Tower from $255.00 to $250.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, American Tower presently has an average rating of “Moderate Buy” and an average target price of $228.28.

American Tower Trading Down 2.8%

Shares of NYSE:AMT opened at $176.18 on Tuesday. The stock has a market capitalization of $82.48 billion, a PE ratio of 28.14, a P/E/G ratio of 1.08 and a beta of 0.85. American Tower Corporation has a 1 year low of $172.51 and a 1 year high of $234.33. The firm has a fifty day moving average price of $185.25 and a 200 day moving average price of $202.47. The company has a current ratio of 0.89, a quick ratio of 0.95 and a debt-to-equity ratio of 3.24.

American Tower (NYSE:AMT) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.14. American Tower had a return on equity of 28.79% and a net margin of 28.11%.The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the company earned $2.52 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. Analysts expect that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Tuesday, September 30th were issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.9%. The ex-dividend date was Tuesday, September 30th. American Tower’s payout ratio is 108.63%.

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.