Clearbridge Investments LLC Has $567.97 Million Stock Position in American Tower Corporation $AMT

Clearbridge Investments LLC reduced its stake in shares of American Tower Corporation (NYSE:AMT) by 12.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,234,980 shares of the real estate investment trust’s stock after selling 442,239 shares during the period. Clearbridge Investments LLC’s holdings in American Tower were worth $567,965,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Krilogy Financial LLC acquired a new stake in American Tower during the 3rd quarter worth approximately $1,044,000. ABC Arbitrage SA acquired a new stake in American Tower during the 3rd quarter worth approximately $4,093,000. ING Groep NV raised its holdings in American Tower by 5,413.1% during the 3rd quarter. ING Groep NV now owns 60,534 shares of the real estate investment trust’s stock worth $11,642,000 after buying an additional 59,436 shares during the period. Azzad Asset Management Inc. ADV raised its holdings in shares of American Tower by 60.2% in the third quarter. Azzad Asset Management Inc. ADV now owns 8,577 shares of the real estate investment trust’s stock valued at $1,649,000 after purchasing an additional 3,224 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of American Tower by 1.0% in the third quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust’s stock valued at $12,239,277,000 after purchasing an additional 611,801 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Rajesh Kalathur bought 2,671 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the purchase, the director owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. This trade represents a 117.92% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Ruth T. Dowling sold 416 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total transaction of $73,856.64. Following the completion of the sale, the executive vice president owned 29,461 shares of the company’s stock, valued at $5,230,505.94. This trade represents a 1.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AMT shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $195.00 price objective on shares of American Tower in a report on Thursday, April 30th. UBS Group lowered their price objective on shares of American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. TD Cowen lowered their price objective on shares of American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Morgan Stanley lowered their price objective on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $216.20.

American Tower Price Performance

Shares of AMT opened at $193.88 on Friday. The company has a market cap of $90.33 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 0.81 and a beta of 0.90. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33. The company’s fifty day simple moving average is $179.08 and its 200 day simple moving average is $179.58. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07.

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

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, June 12th. American Tower’s dividend payout ratio (DPR) is 115.67%.

American Tower Company 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.