Entropy Technologies LP Acquires New Holdings in American Tower Corporation $AMT

Entropy Technologies LP bought a new stake in American Tower Corporation (NYSE:AMT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 62,541 shares of the real estate investment trust’s stock, valued at approximately $12,028,000. American Tower makes up 0.9% of Entropy Technologies LP’s holdings, making the stock its 9th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMT. Norges Bank bought a new stake in American Tower during the 2nd quarter worth $1,371,875,000. JPMorgan Chase & Co. increased its holdings in American Tower by 24.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,666,082 shares of the real estate investment trust’s stock worth $2,799,458,000 after purchasing an additional 2,474,328 shares in the last quarter. Viking Global Investors LP boosted its stake in shares of American Tower by 233.5% during 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 purchasing an additional 1,958,329 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of American Tower during the third quarter worth about $305,872,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of 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 buying an additional 724,504 shares during the period. Institutional investors own 92.69% of the company’s stock.

American Tower Price Performance

Shares of AMT opened at $179.66 on Friday. The firm has a market cap of $83.74 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 0.77 and a beta of 0.92. American Tower Corporation has a 52-week low of $166.88 and a 52-week high of $234.33. The business’s 50 day moving average price is $181.23 and its two-hundred day moving average price is $184.44. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.60 and a current ratio of 0.60.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing the consensus estimate of $2.54 by ($0.79). American Tower had a return on equity of 24.36% and a net margin of 23.76%.The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period last year, the business earned $2.62 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, equities analysts anticipate that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 4.0%. This is an increase from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Tuesday, April 14th. American Tower’s payout ratio is presently 126.16%.

Insider Activity

In other news, Director Rajesh Kalathur bought 2,671 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. This represents a 117.92% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $191.05, for a total value of $7,872,979.45. Following the transaction, the chief operating officer directly owned 29,592 shares in the company, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AMT shares. New Street Research raised shares of American Tower from a “neutral” rating to a “buy” rating and set a $203.00 target price on the stock in a report on Monday, January 5th. Royal Bank Of Canada dropped their price target on shares of American Tower from $220.00 to $195.00 and set a “sector perform” rating for the company in a research note on Monday, January 12th. JPMorgan Chase & Co. reduced their price objective on shares of American Tower from $250.00 to $245.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Morgan Stanley decreased their price objective on American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Tower in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $217.35.

About American Tower

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.