Moody Lynn & Lieberson LLC Reduces Position in American Tower Corporation $AMT

Moody Lynn & Lieberson LLC reduced its position in American Tower Corporation (NYSE:AMT) by 73.4% during the third quarter, HoldingsChannel.com reports. The firm owned 4,035 shares of the real estate investment trust’s stock after selling 11,120 shares during the period. Moody Lynn & Lieberson LLC’s holdings in American Tower were worth $776,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AMT. Abound Wealth Management raised its holdings in shares of American Tower by 137.3% in the third quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 81 shares during the period. Legacy Investment Solutions LLC bought a new position in American Tower in the 2nd quarter valued at $31,000. VSM Wealth Advisory LLC increased its stake in American Tower by 136.4% in the second quarter. VSM Wealth Advisory LLC now owns 156 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 90 shares during the period. Rosenberg Matthew Hamilton lifted its position in shares of American Tower by 86.0% during the second quarter. Rosenberg Matthew Hamilton now owns 173 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 80 shares during the last quarter. Finally, Winnow Wealth LLC purchased a new stake in shares of American Tower during the second quarter valued at $44,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Insider Transactions at American Tower

In other news, Director Eugene F. Reilly purchased 5,554 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was acquired at an average cost of $178.99 per share, with a total value of $994,110.46. Following the completion of the transaction, the director owned 5,689 shares in the company, valued at $1,018,274.11. This represents a 4,114.07% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the completion of the sale, the insider owned 211,379 shares in the company, valued at $14,743,685.25. This represents a 91.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.18% of the company’s stock.

American Tower Stock Performance

Shares of AMT stock opened at $176.69 on Wednesday. The firm has a market cap of $82.72 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 0.70 and a beta of 0.91. American Tower Corporation has a 52-week low of $170.77 and a 52-week high of $234.33. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 3.24. The company’s 50 day moving average is $179.89 and its 200 day moving average is $197.07.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, October 28th. The real estate investment trust reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.14. American Tower had a return on equity of 28.79% and a net margin of 28.11%.The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter last year, the firm earned $2.52 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. On average, sell-side analysts anticipate that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, December 29th will be paid a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, December 29th. American Tower’s payout ratio is 108.63%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AMT shares. UBS Group reaffirmed a “buy” rating on shares of American Tower in a research note on Wednesday, December 10th. Argus set a $210.00 target price on shares of American Tower in a research report on Thursday, October 30th. BMO Capital Markets decreased their price target on shares of American Tower from $215.00 to $210.00 and set an “outperform” rating for the company in a research note on Wednesday, December 3rd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $220.00 price objective on shares of American Tower in a research note on Friday, December 19th. Finally, TD Cowen decreased their target price on American Tower from $249.00 to $235.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $226.67.

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.