Fort Washington Investment Advisors Inc. OH Has $60.68 Million Stock Holdings in American Tower Corporation $AMT

Fort Washington Investment Advisors Inc. OH increased its holdings in shares of American Tower Corporation (NYSE:AMT) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 345,638 shares of the real estate investment trust’s stock after buying an additional 3,939 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in American Tower were worth $60,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC grew its stake in American Tower by 113.0% during the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock valued at $727,000 after acquiring an additional 2,104 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of American Tower by 34.3% in the second quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock worth $319,000 after purchasing an additional 368 shares in the last quarter. United Bank boosted its holdings in shares of American Tower by 12.7% during the second quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock worth $1,434,000 after purchasing an additional 733 shares during the period. Laurel Wealth Advisors LLC grew its position in American Tower by 22,002.1% during the second quarter. Laurel Wealth Advisors LLC now owns 10,609 shares of the real estate investment trust’s stock valued at $2,345,000 after purchasing an additional 10,561 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its position in American Tower by 95.4% during the second quarter. J.W. Cole Advisors Inc. now owns 13,854 shares of the real estate investment trust’s stock valued at $3,062,000 after purchasing an additional 6,764 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other American Tower news, COO Eugene M. Noel sold 41,209 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief operating officer owned 29,592 shares of the company’s stock, valued at $5,653,551.60. The trade was a 58.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rajesh Kalathur purchased 2,671 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were bought at an average price of $185.30 per share, with a total value of $494,936.30. Following the purchase, the director owned 4,936 shares in the company, valued at $914,640.80. This represents a 117.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.17% of the stock is owned by company insiders.

American Tower Price Performance

NYSE AMT opened at $168.64 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27. The stock has a market capitalization of $78.60 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 0.70 and a beta of 0.92. American Tower Corporation has a 12-month low of $165.08 and a 12-month high of $234.33. The company has a 50 day moving average price of $181.97 and a two-hundred day moving average price of $182.73.

American Tower (NYSE:AMT) last announced its quarterly earnings results 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 business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the company earned $2.62 EPS. The business’s revenue for the quarter 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. As a group, equities analysts predict that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a yield of 4.2%. American Tower’s dividend payout ratio (DPR) is currently 126.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AMT shares. Weiss Ratings reiterated a “hold (c)” rating on shares of American Tower in a research report on Monday, December 29th. Scotiabank dropped their price target on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, February 25th. Morgan Stanley cut 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. Sanford C. Bernstein began coverage on American Tower in a research report on Thursday, March 5th. They set a “market perform” rating and a $205.00 price objective for the company. Finally, The Goldman Sachs Group lowered their target price on American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $217.35.

American Tower 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.