Clal Insurance Enterprises Holdings Ltd Has $34.55 Million Holdings in American Tower Corporation $AMT

Clal Insurance Enterprises Holdings Ltd decreased its stake in shares of American Tower Corporation (NYSE:AMT) by 30.0% in the 2nd quarter, Holdings Channel reports. The fund owned 155,142 shares of the real estate investment trust’s stock after selling 66,577 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in American Tower were worth $34,553,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMT. Vanguard Group Inc. increased its holdings in American Tower by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 63,028,367 shares of the real estate investment trust’s stock worth $13,930,530,000 after purchasing an additional 218,881 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of American Tower by 39.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,144,040 shares of the real estate investment trust’s stock worth $1,772,144,000 after buying an additional 2,309,627 shares during the period. Deutsche Bank AG grew its holdings in shares of American Tower by 4.0% during the first quarter. Deutsche Bank AG now owns 7,383,368 shares of the real estate investment trust’s stock worth $1,606,621,000 after buying an additional 285,195 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of American Tower by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 6,534,862 shares of the real estate investment trust’s stock worth $1,421,965,000 after buying an additional 88,120 shares in the last quarter. Finally, Invesco Ltd. raised its position in American Tower by 0.5% in the 1st quarter. Invesco Ltd. now owns 5,971,716 shares of the real estate investment trust’s stock valued at $1,299,445,000 after buying an additional 30,130 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

American Tower Stock Performance

Shares of AMT stock opened at $181.63 on Wednesday. The company has a fifty day moving average price of $187.84 and a two-hundred day moving average price of $204.69. American Tower Corporation has a one year low of $172.51 and a one year high of $234.33. The stock has a market cap of $85.03 billion, a P/E ratio of 29.01, a P/E/G ratio of 1.08 and a beta of 0.85. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.89 and a quick ratio of 0.95.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.14. American Tower had a net margin of 28.11% and a return on equity of 28.79%. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the previous year, the business earned $2.52 EPS. American Tower’s revenue for the quarter was up 7.7% compared to the same quarter last year. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. As a group, equities analysts predict that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th were given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, September 30th. American Tower’s dividend payout ratio (DPR) is presently 108.63%.

Insider Buying and Selling at American Tower

In other American Tower news, Director Eugene F. Reilly purchased 5,554 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average price of $178.99 per share, for a total transaction of $994,110.46. Following the purchase, the director owned 5,689 shares in the company, valued at approximately $1,018,274.11. The trade was a 4,114.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AMT shares. Morgan Stanley decreased their price target on shares of American Tower from $270.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. TD Cowen reduced their target price on shares of American Tower from $249.00 to $235.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Barclays lowered their price target on shares of American Tower from $251.00 to $203.00 and set an “overweight” rating on the stock in a research note on Monday. Jefferies Financial Group cut their price target on shares of American Tower from $281.00 to $226.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, JPMorgan Chase & Co. decreased their price objective on American Tower from $255.00 to $250.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.