Trust Co. of Vermont Makes New $5.61 Million Investment in American Tower Corporation $AMT

Trust Co. of Vermont acquired a new stake in American Tower Corporation (NYSE:AMT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 34,268 shares of the real estate investment trust’s stock, valued at approximately $5,605,000.

Several other large investors have also modified their holdings of AMT. Oakworth Capital Inc. increased its holdings in shares of American Tower by 90.7% in the 4th 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. Richards Merrill & Peterson Inc. acquired a new stake in American Tower during the 4th quarter worth $25,000. Swiss RE Ltd. acquired a new stake in American Tower during the 4th quarter worth $25,000. Triumph Capital Management purchased a new position in American Tower during the 3rd quarter worth $29,000. Finally, Acumen Wealth Advisors LLC purchased a new position in American Tower during the 4th quarter worth $29,000. 92.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Tower

In related news, CFO Robert Joseph Meyer sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $178.89, for a total transaction of $894,450.00. Following the sale, the chief financial officer owned 21,428 shares of the company’s stock, valued at approximately $3,833,254.92. The trade was a 18.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ruth T. Dowling sold 1,106 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total transaction of $193,505.76. Following the transaction, the executive vice president owned 27,711 shares in the company, valued at $4,848,316.56. The trade was a 3.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 6,791 shares of company stock worth $1,204,091. 0.08% of the stock is owned by insiders.

American Tower Trading Down 2.0%

Shares of AMT stock opened at $172.12 on Tuesday. The business’s fifty day moving average price is $172.48 and its 200 day moving average price is $177.87. The firm has a market capitalization of $80.20 billion, a PE ratio of 23.68, a P/E/G ratio of 2.79 and a beta of 0.90. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52. American Tower Corporation has a 1-year low of $160.06 and a 1-year high of $214.79.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $1.14. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%.American Tower’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, sell-side analysts forecast that American Tower Corporation will post 10.78 EPS for the current fiscal year.

American Tower Announces Dividend

The business 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 was Friday, June 12th. This represents a $7.16 annualized dividend and a dividend yield of 4.2%. American Tower’s dividend payout ratio (DPR) is 98.49%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Truist Financial reaffirmed a “buy” rating and issued a $207.00 target price (down from $208.00) on shares of American Tower in a report on Wednesday, August 12th. Raymond James Financial reissued a “strong-buy” rating and set a $240.00 price target on shares of American Tower in a report on Wednesday, April 29th. BMO Capital Markets boosted their price target on American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. TD Cowen upped their price objective on American Tower from $225.00 to $227.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $214.00 price objective on shares of American Tower in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, American Tower presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.14.

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.