Fox Run Management L.L.C. Purchases New Stake in American Tower Corporation $AMT

Fox Run Management L.L.C. acquired a new position in American Tower Corporation (NYSE:AMT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,930 shares of the real estate investment trust’s stock, valued at approximately $756,000.

Several other institutional investors also recently made changes to their positions in AMT. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of American Tower by 8.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,793 shares of the real estate investment trust’s stock valued at $18,615,000 after acquiring an additional 7,872 shares during the last quarter. Eastern Bank lifted its holdings in American Tower by 69.6% in the 3rd quarter. Eastern Bank now owns 139,091 shares of the real estate investment trust’s stock valued at $26,750,000 after purchasing an additional 57,078 shares in the last quarter. Machina Capital S.A.S. purchased a new position in American Tower in the 3rd quarter valued at about $2,871,000. Commerzbank Aktiengesellschaft FI boosted its stake in shares of American Tower by 92.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 61,397 shares of the real estate investment trust’s stock worth $11,808,000 after purchasing an additional 29,486 shares during the last quarter. Finally, Krilogy Financial LLC purchased a new stake in shares of American Tower during the third quarter worth about $1,044,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

American Tower Trading Up 3.6%

Shares of AMT opened at $191.72 on Friday. American Tower Corporation has a twelve month low of $166.88 and a twelve month high of $234.33. The firm has a market capitalization of $89.76 billion, a P/E ratio of 35.57, a price-to-earnings-growth ratio of 0.78 and a beta of 0.93. The company has a current ratio of 0.60, a quick ratio of 0.89 and a debt-to-equity ratio of 3.27. The stock’s fifty day simple moving average is $179.11 and its 200 day simple moving average is $185.66.

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). The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. American Tower had a return on equity of 24.36% and a net margin of 23.76%.The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.62 earnings per share. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, equities research analysts forecast that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, December 29th were issued a $1.70 dividend. The ex-dividend date was Monday, December 29th. This represents a $6.80 annualized dividend and a yield of 3.5%. American Tower’s dividend payout ratio (DPR) is presently 126.16%.

Insiders Place Their Bets

In other American Tower news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of American Tower stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the transaction, the insider directly owned 211,379 shares of the company’s stock, valued at $14,743,685.25. The trade was a 91.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.17% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AMT has been the topic of a number of analyst reports. Mizuho decreased their target price on shares of American Tower from $217.00 to $189.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Royal Bank Of Canada decreased their price objective on American Tower from $220.00 to $195.00 and set a “sector perform” rating on the stock in a report on Monday, January 12th. Morgan Stanley lowered their price objective on American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday. Raymond James Financial reduced their target price on American Tower from $231.00 to $229.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 23rd. Finally, Scotiabank lowered their price target on American Tower from $220.00 to $214.00 and set a “sector outperform” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $218.00.

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.