American Tower Corporation $AMT Position Lifted by Evelyn Partners Investment Management Services Ltd

Evelyn Partners Investment Management Services Ltd increased its position in American Tower Corporation (NYSE:AMT) by 14.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,354 shares of the real estate investment trust’s stock after purchasing an additional 657 shares during the period. Evelyn Partners Investment Management Services Ltd’s holdings in American Tower were worth $1,183,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Focus Financial Network Inc. increased its stake in shares of American Tower by 9.1% in the 2nd quarter. Focus Financial Network Inc. now owns 2,042 shares of the real estate investment trust’s stock valued at $451,000 after buying an additional 170 shares during the period. Resolution Capital Ltd bought a new position in American Tower in the first quarter valued at about $72,706,000. Stack Financial Management Inc bought a new stake in American Tower during the 2nd quarter worth about $13,020,000. Los Angeles Capital Management LLC lifted its position in American Tower by 52.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 321,661 shares of the real estate investment trust’s stock valued at $71,094,000 after purchasing an additional 110,671 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of American Tower by 1.0% in the 2nd quarter. Nordea Investment Management AB now owns 1,532,818 shares of the real estate investment trust’s stock valued at $334,430,000 after purchasing an additional 15,920 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

Analyst Ratings Changes

AMT has been the topic of a number of analyst reports. Jefferies Financial Group cut their price target on American Tower from $281.00 to $226.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. The Goldman Sachs Group reduced their target price on American Tower from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Hsbc Global Res cut American Tower from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. decreased their price objective on shares of American Tower from $255.00 to $250.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Finally, Wall Street Zen raised shares of American Tower from a “sell” rating to a “hold” rating in a research note on Sunday, October 12th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.44.

Insiders Place Their Bets

In other news, Director Eugene F. Reilly purchased 5,554 shares of the company’s stock in a transaction on Friday, October 31st. The shares were purchased at an average cost of $178.99 per share, with a total value of $994,110.46. Following the completion of the transaction, the director owned 5,689 shares of the company’s stock, valued at $1,018,274.11. The trade was a 4,114.07% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

American Tower Stock Performance

Shares of AMT stock opened at $179.56 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.89 and a debt-to-equity ratio of 3.24. American Tower Corporation has a 12 month low of $172.51 and a 12 month high of $234.33. The company’s fifty day simple moving average is $186.92 and its 200-day simple moving average is $204.03. The firm has a market cap of $84.06 billion, a PE ratio of 28.68, a P/E/G ratio of 1.08 and a beta of 0.85.

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

American Tower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Tuesday, September 30th were paid a $1.70 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $6.80 annualized dividend and a dividend yield of 3.8%. American Tower’s dividend payout ratio (DPR) is currently 108.63%.

About American Tower

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.