American Tower Corporation $AMT Shares Sold by Tranquility Partners LLC

Tranquility Partners LLC lessened its stake in shares of American Tower Corporation (NYSE:AMT) by 59.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,332 shares of the real estate investment trust’s stock after selling 3,479 shares during the quarter. Tranquility Partners LLC’s holdings in American Tower were worth $449,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AMT. Brighton Jones LLC increased its stake in shares of American Tower by 113.0% during the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after acquiring an additional 2,104 shares during the period. Sivia Capital Partners LLC boosted its holdings in American Tower by 34.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 368 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in American Tower by 96.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 6,339 shares of the real estate investment trust’s stock valued at $1,401,000 after purchasing an additional 3,106 shares in the last quarter. Lewis Asset Management LLC increased its position in American Tower by 17.2% during the 2nd quarter. Lewis Asset Management LLC now owns 1,224 shares of the real estate investment trust’s stock worth $270,000 after purchasing an additional 180 shares during the period. Finally, Fortitude Family Office LLC raised its stake in shares of American Tower by 1,369.0% during the 2nd quarter. Fortitude Family Office LLC now owns 426 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 397 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMT has been the topic of a number of analyst reports. Argus set a $210.00 price target on American Tower in a research note on Thursday, October 30th. Scotiabank reduced their target price on American Tower from $248.00 to $220.00 and set an “outperform” rating for the company in a report on Wednesday, January 14th. Mizuho decreased their target price on shares of American Tower from $217.00 to $189.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. BMO Capital Markets downgraded shares of American Tower from an “outperform” rating to a “market perform” rating and cut their price target for the company from $210.00 to $185.00 in a report on Friday, January 9th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $231.00 price objective (down previously from $250.00) on shares of American Tower in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $218.89.

American Tower Stock Down 3.2%

American Tower stock opened at $177.74 on Wednesday. American Tower Corporation has a fifty-two week low of $166.88 and a fifty-two week high of $234.33. The firm has a market capitalization of $83.21 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 0.74 and a beta of 0.92. The stock’s fifty day moving average is $177.79 and its two-hundred day moving average is $192.45. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.89 and a current ratio of 0.89.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $2.78 EPS for the quarter, topping the consensus estimate of $2.64 by $0.14. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. American Tower had a net margin of 28.11% and a return on equity of 28.79%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.52 EPS. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. Analysts predict that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Announces Dividend

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

Insider Activity at American Tower

In related news, Director Eugene F. Reilly purchased 5,554 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was bought at an average cost of $178.99 per share, with a total value of $994,110.46. Following the completion of the acquisition, the director directly owned 5,689 shares in the company, valued at $1,018,274.11. The trade was a 4,114.07% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $69.75, for a total value 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. Additional details regarding this sale are available in the official SEC disclosure. 0.18% of the stock is owned by corporate insiders.

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.