Reflection Asset Management Purchases New Stake in American Tower Corporation $AMT

Reflection Asset Management acquired a new position in American Tower Corporation (NYSE:AMT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,472 shares of the real estate investment trust’s stock, valued at approximately $610,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in American Tower by 113.0% in the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after buying an additional 2,104 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in 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 valued at $319,000 after acquiring an additional 368 shares during the last quarter. United Bank grew its position in American Tower by 12.7% in the second quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock worth $1,434,000 after acquiring an additional 733 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in shares of American Tower by 2.2% during the 2nd quarter. Treasurer of the State of North Carolina now owns 218,511 shares of the real estate investment trust’s stock worth $48,295,000 after purchasing an additional 4,778 shares during the last quarter. Finally, Ieq Capital LLC raised its holdings in shares of American Tower by 52.2% during the 2nd quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust’s stock valued at $7,570,000 after purchasing an additional 11,751 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower Stock Down 0.2%

Shares of AMT stock opened at $175.66 on Friday. American Tower Corporation has a 12 month low of $165.08 and a 12 month high of $234.33. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. The firm has a market cap of $81.84 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 0.74 and a beta of 0.90. The stock has a 50 day moving average of $181.59 and a 200-day moving average of $179.91.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the company posted $2.75 earnings per share. American Tower’s quarterly revenue was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, equities analysts predict that American Tower Corporation will post 10.66 EPS for the current year.

American Tower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Friday, June 12th will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, June 12th. American Tower’s dividend payout ratio (DPR) is currently 115.67%.

Insider Activity

In other news, EVP Ruth T. Dowling sold 556 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total transaction of $99,234.88. Following the completion of the transaction, the executive vice president owned 29,877 shares of the company’s stock, valued at approximately $5,332,446.96. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AMT shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $195.00 price objective on shares of American Tower in a research note on Thursday, April 30th. UBS Group cut their target price on American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. TD Cowen decreased their price target on American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. Citizens Jmp reissued a “market outperform” rating and set a $260.00 price objective on shares of American Tower in a report on Wednesday, April 29th. Finally, Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $189.00 to $205.00 in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $216.20.

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.