Mcdonald Partners LLC Reduces Stock Position in American Tower Corporation $AMT

Mcdonald Partners LLC lessened its holdings in American Tower Corporation (NYSE:AMT) by 49.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,667 shares of the real estate investment trust’s stock after selling 3,637 shares during the period. Mcdonald Partners LLC’s holdings in American Tower were worth $705,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMT. Marion Wealth Management grew its holdings in shares of American Tower by 0.8% in the second quarter. Marion Wealth Management now owns 5,924 shares of the real estate investment trust’s stock worth $1,309,000 after purchasing an additional 48 shares during the last quarter. YANKCOM Partnership boosted its position in American Tower by 2.9% in the 2nd quarter. YANKCOM Partnership now owns 1,729 shares of the real estate investment trust’s stock valued at $382,000 after buying an additional 49 shares during the period. GPS Wealth Strategies Group LLC boosted its position in American Tower by 2.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,566 shares of the real estate investment trust’s stock valued at $567,000 after buying an additional 51 shares during the period. Manchester Capital Management LLC grew its stake in American Tower by 3.1% in the 2nd quarter. Manchester Capital Management LLC now owns 1,808 shares of the real estate investment trust’s stock worth $400,000 after acquiring an additional 54 shares in the last quarter. Finally, Johnson Financial Group Inc. increased its position in shares of American Tower by 7.1% during the second quarter. Johnson Financial Group Inc. now owns 833 shares of the real estate investment trust’s stock worth $186,000 after acquiring an additional 55 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was 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 approximately $14,743,685.25. This represents a 91.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMT. Weiss Ratings reiterated a “hold (c)” rating on shares of American Tower in a report on Monday, December 29th. Royal Bank Of Canada lowered their target price on American Tower from $220.00 to $195.00 and set a “sector perform” rating for the company in a report on Monday, January 12th. BMO Capital Markets raised their price target on American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a research note on Wednesday, February 25th. The Goldman Sachs Group lowered their price objective on shares of American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Finally, Scotiabank cut their target price on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $218.00.

American Tower Price Performance

Shares of AMT stock opened at $190.16 on Wednesday. The stock’s 50-day moving average is $179.78 and its 200 day moving average is $185.19. American Tower Corporation has a 1-year low of $166.88 and a 1-year high of $234.33. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $89.02 billion, a P/E ratio of 35.28, a PEG ratio of 0.80 and a beta of 0.92.

American Tower (NYSE:AMT) last released 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 net margin of 23.76% and a return on equity of 24.36%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same period in the previous year, the company posted $2.62 earnings per share. 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. Research analysts predict that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, December 29th were issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, December 29th. American Tower’s payout ratio is currently 126.16%.

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.