American Tower Corporation $AMT Stock: Yousif Capital Management LLC Grows Holdings

Yousif Capital Management LLC lifted its stake in American Tower Corporation (NYSE:AMT) by 6.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 66,395 shares of the real estate investment trust’s stock after purchasing an additional 4,222 shares during the quarter. Yousif Capital Management LLC’s holdings in American Tower were worth $11,452,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Operose Advisors LLC bought a new position in American Tower during the 2nd quarter worth $25,000. Allied Private Wealth LLC acquired a new position in American Tower in the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in American Tower in the 2nd quarter valued at $33,000. SBI Securities Co. Ltd. bought a new stake in shares of American Tower during the 3rd quarter valued at $35,000. Finally, Kelleher Financial Advisors bought a new stake in shares of American Tower during the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Key American Tower News

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: Reports that SpaceX may pursue approximately 80,000 cell sites to support a nationwide wireless service boosted the outlook for tower operators. American Tower could benefit from new tenants, higher site utilization and incremental recurring rental revenue. SpaceX Talks Send Cell Tower Stocks Surging
• Positive Sentiment: Investors are also citing strong data-center leasing momentum at American Tower’s CoreSite business, adding a second growth catalyst alongside 5G deployments and traditional tower leasing. American Tower climbs as data-center leasing hits fresh records
• Positive Sentiment: Before its upcoming third-quarter report, analysts expect revenue and adjusted funds from operations to benefit from 5G activity, leasing demand and data-center growth. The company’s prior quarter exceeded earnings expectations and revenue increased year over year.
• Neutral Sentiment: Director Teresa Hillary Clarke disclosed several small purchases of American Tower shares, including a recent purchase at approximately $183 per share. The buying provides a modest confidence signal, but the transactions are small relative to the company’s market value and several disclosed trades are older.
• Negative Sentiment: Valuation concerns remain: an analyst recently reduced the price target, while commentary suggested American Tower’s former valuation discount has largely disappeared. This could limit further gains if quarterly results or guidance fail to exceed expectations. American Tower price target cut by Sanford C. Bernstein

Insider Activity

In related news, EVP Ruth T. Dowling sold 1,106 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total transaction of $193,505.76. Following the completion of the sale, the executive vice president directly owned 27,711 shares in the company, valued at $4,848,316.56. This represents a 3.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Joseph Meyer sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $178.89, for a total value of $894,450.00. Following the completion of the sale, the chief financial officer directly owned 21,428 shares in the company, valued at $3,833,254.92. This trade represents a 18.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 6,791 shares of company stock worth $1,204,091. Insiders own 0.08% of the company’s stock.

American Tower Stock Performance

Shares of NYSE:AMT opened at $189.25 on Friday. The company’s 50 day simple moving average is $174.69 and its 200 day simple moving average is $175.73. The stock has a market capitalization of $88.18 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 3.03 and a beta of 0.88. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52. American Tower Corporation has a 1 year low of $160.06 and a 1 year high of $202.50.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 EPS for the quarter, beating the consensus estimate of $1.57 by $1.14. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the business earned $2.60 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, research analysts predict that American Tower Corporation will post 10.80 EPS for the current fiscal year.

American Tower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Wednesday, September 30th were paid a $1.79 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $7.16 annualized dividend and a dividend yield of 3.8%. American Tower’s dividend payout ratio (DPR) is presently 98.49%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMT. Sanford C. Bernstein reduced their target price on American Tower from $214.00 to $212.00 and set an “outperform” rating on the stock in a report on Tuesday, October 20th. Mizuho set a $208.00 price target on American Tower in a research note on Thursday, August 20th. Weiss Ratings raised American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. BMO Capital Markets upped their price objective on shares of American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. Finally, The Goldman Sachs Group set a $210.00 price objective on shares of American Tower in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $214.90.

American Tower Profile

American Tower Corporation (NYSE:AMT) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications.

The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations.