Orion Porfolio Solutions LLC Reduces Stake in American Tower Corporation $AMT

Orion Porfolio Solutions LLC reduced its stake in shares of American Tower Corporation (NYSE:AMT) by 17.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,692 shares of the real estate investment trust’s stock after selling 3,640 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in American Tower were worth $3,210,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of American Tower by 8.9% in 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 period. Eastern Bank boosted its stake in shares of American Tower by 69.6% during the 3rd quarter. Eastern Bank now owns 139,091 shares of the real estate investment trust’s stock worth $26,750,000 after purchasing an additional 57,078 shares during the period. Machina Capital S.A.S. bought a new position in American Tower during the 3rd quarter valued at about $2,871,000. Krilogy Financial LLC bought a new position in American Tower during the 3rd quarter valued at about $1,044,000. Finally, Commerzbank Aktiengesellschaft FI raised its position in American Tower by 92.4% in 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 period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMT has been the subject of several analyst reports. TD Cowen decreased their price objective on shares of American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. Royal Bank Of Canada reduced their price target 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. UBS Group decreased their price target on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Raymond James Financial dropped their price objective on American Tower from $231.00 to $229.00 and set a “strong-buy” rating for the company in a report on Friday, January 23rd. Finally, New Street Research upgraded American Tower from a “neutral” rating to a “buy” rating and set a $203.00 target price on the stock in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $217.35.

Insider Buying and Selling

In related news, COO Eugene M. Noel sold 41,209 shares of American Tower stock in a transaction that occurred on Monday, March 2nd. The shares were 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 directly owned 29,592 shares in the company, valued at $5,653,551.60. This trade represents a 58.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by company insiders.

American Tower Stock Down 1.1%

American Tower stock opened at $186.45 on Tuesday. American Tower Corporation has a 1-year low of $166.88 and a 1-year high of $234.33. The business has a fifty day moving average price of $180.81 and a 200-day moving average price of $184.66. 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 stock has a market capitalization of $86.90 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 0.79 and a beta of 0.92.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.54 by ($0.79). The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. American Tower had a net margin of 23.76% and a return on equity of 24.36%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period 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. Equities research analysts forecast that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, April 14th. This is an increase from American Tower’s previous quarterly dividend of $1.70. American Tower’s payout ratio is 126.16%.

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.