American Tower Corporation $AMT Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its stake in American Tower Corporation (NYSE:AMT) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,779,533 shares of the real estate investment trust’s stock after selling 55,475 shares during the quarter. Fisher Asset Management LLC’s holdings in American Tower were worth $312,433,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AMT. Northwestern Mutual Wealth Management Co. lifted its holdings in American Tower by 20,721.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock valued at $1,705,254,000 after acquiring an additional 9,666,025 shares during the period. Lazard Asset Management LLC lifted its holdings in American Tower by 1,984.8% in the third quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock valued at $858,552,000 after acquiring an additional 4,250,242 shares during the period. Viking Global Investors LP lifted its holdings in American Tower by 233.5% in 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 period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in American Tower in the third quarter valued at approximately $305,872,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in 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 valued at $537,728,000 after acquiring an additional 724,504 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

American Tower Trading Down 0.0%

Shares of AMT stock opened at $183.77 on Tuesday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market cap of $85.62 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 0.77 and a beta of 0.90. The stock has a 50 day simple moving average of $177.48 and a 200-day simple moving average of $179.16. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33.

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

American Tower Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, June 12th. American Tower’s dividend payout ratio is presently 115.67%.

Wall Street Analyst Weigh In

AMT has been the subject of a number of analyst reports. Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $189.00 to $205.00 in a report on Wednesday, April 15th. JPMorgan Chase & Co. decreased their price target on American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. UBS Group decreased their price target on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Raymond James Financial reissued a “strong-buy” rating and issued a $240.00 price target on shares of American Tower in a report on Wednesday, April 29th. Finally, Barclays decreased their price target on American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $216.20.

Insider Transactions at American Tower

In other American Tower news, Director Rajesh Kalathur bought 2,671 shares of American Tower stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average cost of $185.30 per share, with a total value of $494,936.30. Following the purchase, the director directly owned 4,936 shares in the company, valued at $914,640.80. This represents a 117.92% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ruth T. Dowling sold 556 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total value of $99,234.88. Following the sale, the executive vice president owned 29,877 shares of the company’s stock, valued at $5,332,446.96. The trade was a 1.83% decrease in their ownership of the stock. 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 three months. 0.08% of the stock is currently owned by company insiders.

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.