American Tower Corporation $AMT Shares Bought by Greenland Capital Management LP

Greenland Capital Management LP lifted its position in shares of American Tower Corporation (NYSE:AMT) by 82.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,601 shares of the real estate investment trust’s stock after acquiring an additional 11,570 shares during the quarter. Greenland Capital Management LP’s holdings in American Tower were worth $5,658,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AMT. Hopwood Financial Services Inc. increased its position in shares of American Tower by 100.0% in the first quarter. Hopwood Financial Services Inc. now owns 120 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 60 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in American Tower in the 2nd quarter worth $31,000. Rosenberg Matthew Hamilton lifted its holdings in American Tower by 86.0% during the second quarter. Rosenberg Matthew Hamilton now owns 173 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 80 shares in the last quarter. Saudi Central Bank acquired a new stake in shares of American Tower in the first quarter valued at about $40,000. Finally, Accredited Wealth Management LLC grew its position in shares of American Tower by 180.0% in the first quarter. Accredited Wealth Management LLC now owns 210 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Trading Up 0.6%

Shares of American Tower stock opened at $181.63 on Wednesday. The stock has a 50 day moving average of $187.84 and a 200 day moving average of $204.69. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.95 and a current ratio of 0.89. The firm has a market capitalization of $85.03 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 1.08 and a beta of 0.85. American Tower Corporation has a fifty-two week low of $172.51 and a fifty-two week high of $234.33.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $0.14. The business 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 company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.52 EPS. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. As a group, research analysts predict that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Announces Dividend

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 dividend of $1.70 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $6.80 annualized dividend and a yield of 3.7%. American Tower’s dividend payout ratio is presently 108.63%.

Insiders Place Their Bets

In other American Tower news, Director Eugene F. Reilly purchased 5,554 shares of the business’s stock in a transaction on Friday, October 31st. The shares were bought at an average cost of $178.99 per share, for a total transaction of $994,110.46. Following the completion of the purchase, the director directly owned 5,689 shares of the company’s stock, valued at approximately $1,018,274.11. This trade represents a 4,114.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMT has been the topic of a number of research reports. Argus set a $210.00 price target on shares of American Tower in a research note on Thursday, October 30th. Hsbc Global Res lowered American Tower from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Jefferies Financial Group decreased their price objective on American Tower from $281.00 to $226.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Wells Fargo & Company reduced their target price on shares of American Tower from $210.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $220.00 price objective on shares of American Tower and gave the company a “sector perform” rating in a research note on Wednesday, October 1st. Two equities 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 MarketBeat.com, American Tower currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.44.

American Tower 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.