Swiss National Bank Increases Stock Holdings in American Tower Corporation $AMT

Swiss National Bank boosted its stake in shares of American Tower Corporation (NYSE:AMT) by 7.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,373,900 shares of the real estate investment trust’s stock after buying an additional 90,800 shares during the period. Swiss National Bank’s holdings in American Tower were worth $237,108,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. purchased a new position in American Tower during the fourth quarter worth $25,000. Oakworth Capital Inc. raised its stake in shares of American Tower by 90.7% in the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 68 shares during the period. Swiss RE Ltd. purchased a new stake in shares of American Tower in the fourth quarter valued at $25,000. Triumph Capital Management bought a new stake in shares of American Tower in the 3rd quarter worth about $29,000. Finally, Acumen Wealth Advisors LLC bought a new stake in shares of American Tower in the 4th quarter worth about $29,000. 92.69% of the stock is currently owned by institutional investors.

Insider Transactions at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 556 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total transaction of $99,234.88. Following the transaction, the executive vice president directly owned 29,877 shares in the company, valued at $5,332,446.96. This trade represents a 1.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by company insiders.

American Tower Trading Up 0.0%

Shares of AMT opened at $170.13 on Monday. The firm has a market capitalization of $79.26 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 0.71 and a beta of 0.91. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. American Tower Corporation has a 1-year low of $160.06 and a 1-year high of $234.33. The company has a 50-day moving average of $177.64 and a 200 day moving average of $178.72.

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

American Tower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Friday, June 12th were paid a $1.79 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $7.16 annualized dividend and a yield of 4.2%. American Tower’s dividend payout ratio is 115.67%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. The Goldman Sachs Group began coverage on shares of American Tower in a report on Friday, June 26th. They set a “buy” rating and a $215.00 price target on the stock. Citizens Jmp reissued a “market outperform” rating and issued a $260.00 price objective on shares of American Tower in a research note on Wednesday, April 29th. Sanford C. Bernstein upgraded American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 target price for the company in a research report on Tuesday, May 19th. Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and upped their target price for the company from $189.00 to $205.00 in a research note on Wednesday, April 15th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $240.00 price target on shares of American Tower in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, American Tower has a consensus rating of “Moderate Buy” and a consensus price target of $215.57.

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.