Bill Few Associates Inc. Sells 200 Shares of American Tower Corporation $AMT

Bill Few Associates Inc. decreased its position in shares of American Tower Corporation (NYSE:AMT) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,365 shares of the real estate investment trust’s stock after selling 200 shares during the period. American Tower makes up 1.1% of Bill Few Associates Inc.’s holdings, making the stock its 27th biggest position. Bill Few Associates Inc.’s holdings in American Tower were worth $3,838,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Blossom Wealth Management increased its holdings in American Tower by 1.8% in the second quarter. Blossom Wealth Management now owns 2,601 shares of the real estate investment trust’s stock worth $575,000 after purchasing an additional 45 shares in the last quarter. TFG Advisers LLC increased its holdings in American Tower by 0.3% in the second quarter. TFG Advisers LLC now owns 16,186 shares of the real estate investment trust’s stock worth $3,578,000 after purchasing an additional 47 shares in the last quarter. Novem Group increased its holdings in American Tower by 3.8% in the second quarter. Novem Group now owns 1,316 shares of the real estate investment trust’s stock worth $291,000 after purchasing an additional 48 shares in the last quarter. Elmwood Wealth Management Inc. increased its holdings in American Tower by 2.5% in the first quarter. Elmwood Wealth Management Inc. now owns 2,087 shares of the real estate investment trust’s stock worth $454,000 after purchasing an additional 50 shares in the last quarter. Finally, 4J Wealth Management LLC increased its holdings in American Tower by 4.0% in the first quarter. 4J Wealth Management LLC now owns 1,301 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Insider Transactions at American Tower

In related news, CEO Juan Font sold 720 shares of the company’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $208.33, for a total transaction of $149,997.60. Following the completion of the sale, the chief executive officer owned 23,425 shares in the company, valued at approximately $4,880,130.25. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AMT shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of American Tower in a report on Wednesday, October 8th. BMO Capital Markets reiterated an “outperform” rating and issued a $245.00 target price (down from $250.00) on shares of American Tower in a report on Wednesday, July 30th. Wall Street Zen upgraded American Tower from a “sell” rating to a “hold” rating in a report on Sunday. UBS Group boosted their price objective on American Tower from $250.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada set a $220.00 price objective on American Tower and gave the company a “sector perform” rating in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $242.07.

American Tower Trading Up 0.7%

NYSE AMT opened at $186.60 on Monday. The company has a market cap of $87.38 billion, a price-to-earnings ratio of 67.85, a P/E/G ratio of 1.13 and a beta of 0.86. American Tower Corporation has a 52 week low of $172.51 and a 52 week high of $234.33. The business has a 50 day moving average price of $198.75 and a 200-day moving average price of $210.80. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 3.36.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $2.60 EPS for the quarter, beating the consensus estimate of $2.59 by $0.01. American Tower had a return on equity of 24.85% and a net margin of 12.60%.The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the company posted $2.79 earnings per share. The company’s quarterly revenue was down 9.4% on a year-over-year basis. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. As a group, equities analysts expect that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Tuesday, September 30th will be issued a dividend of $1.70 per share. The ex-dividend date is Tuesday, September 30th. This represents a $6.80 annualized dividend and a yield of 3.6%. American Tower’s dividend payout ratio is 247.27%.

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.