American Tower Corporation $AMT Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its stake in shares of American Tower Corporation (NYSE:AMT) by 20,721.6% in the fourth quarter, Holdings Channel reports. The firm owned 9,712,672 shares of the real estate investment trust’s stock after buying an additional 9,666,025 shares during the period. American Tower accounts for about 0.8% of Northwestern Mutual Wealth Management Co.’s investment portfolio, making the stock its 18th largest position. Northwestern Mutual Wealth Management Co.’s holdings in American Tower were worth $1,705,254,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Lazard Asset Management LLC boosted its holdings in American Tower by 1,984.8% in the 3rd quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock worth $858,552,000 after buying an additional 4,250,242 shares during the last quarter. Viking Global Investors LP raised its holdings in shares of American Tower by 233.5% during the second quarter. Viking Global Investors LP now owns 2,797,125 shares of the real estate investment trust’s stock valued at $618,221,000 after acquiring an additional 1,958,329 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of American Tower in the third quarter valued at approximately $305,872,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of American Tower by 35.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,796,007 shares of the real estate investment trust’s stock worth $537,728,000 after acquiring an additional 724,504 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in shares of American Tower by 733.1% during the third quarter. Two Sigma Investments LP now owns 804,761 shares of the real estate investment trust’s stock worth $154,772,000 after purchasing an additional 708,158 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AMT shares. Sanford C. Bernstein increased their price objective on American Tower from $205.00 to $207.00 and gave the company a “market perform” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group dropped their target price on shares of American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a report on Friday, January 16th. Mizuho raised shares of American Tower from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $189.00 to $205.00 in a research note on Wednesday, April 15th. Royal Bank Of Canada restated a “sector perform” rating and set a $195.00 price target on shares of American Tower in a research report on Thursday, April 30th. Finally, Morgan Stanley cut their price objective on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, American Tower currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.05.

American Tower Stock Up 0.1%

Shares of AMT opened at $170.74 on Friday. American Tower Corporation has a 52-week low of $165.08 and a 52-week high of $234.33. 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 has a fifty day simple moving average of $177.80 and a two-hundred day simple moving average of $179.11. The company has a market capitalization of $79.54 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 0.71 and a beta of 0.90.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the firm posted $2.75 earnings per share. American Tower’s quarterly revenue was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, equities analysts forecast that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were paid a $1.79 dividend. This is a positive change from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date of this dividend was Tuesday, April 14th. This represents a $7.16 annualized dividend and a dividend yield of 4.2%. American Tower’s dividend payout ratio is currently 115.67%.

Insider Activity

In other news, COO Eugene M. Noel sold 41,209 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the completion of the sale, the chief operating officer owned 29,592 shares in the company, valued at $5,653,551.60. This trade represents a 58.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total transaction of $73,856.64. Following the sale, the executive vice president directly owned 29,461 shares in the company, valued at approximately $5,230,505.94. The trade was a 1.39% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 42,181 shares of company stock valued at $8,046,071 in the last 90 days. 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.