American Tower Corporation $AMT Shares Sold by Wilkins Investment Counsel Inc.

Wilkins Investment Counsel Inc. lowered its holdings in American Tower Corporation (NYSE:AMT) by 9.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,255 shares of the real estate investment trust’s stock after selling 3,820 shares during the period. Wilkins Investment Counsel Inc.’s holdings in American Tower were worth $6,973,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC increased its position 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 period. Sivia Capital Partners LLC grew its position in shares of American Tower by 34.3% during the second quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock worth $319,000 after acquiring an additional 368 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of 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 worth $1,401,000 after acquiring an additional 3,106 shares during the period. Fortitude Family Office LLC lifted its position in American Tower by 1,369.0% in the 2nd quarter. Fortitude Family Office LLC now owns 426 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 397 shares during the last quarter. Finally, Sheets Smith Wealth Management boosted its stake in American Tower by 4.5% during the 2nd quarter. Sheets Smith Wealth Management now owns 1,613 shares of the real estate investment trust’s stock valued at $357,000 after purchasing an additional 69 shares during the period. 92.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMT has been the topic of several analyst reports. BMO Capital Markets lowered shares of American Tower from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $210.00 to $185.00 in a research note on Friday, January 9th. Citigroup restated a “market outperform” rating on shares of American Tower in a research report on Wednesday, October 29th. Morgan Stanley cut their target price on American Tower from $255.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, December 4th. TD Cowen decreased their price target on American Tower from $249.00 to $235.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Finally, The Goldman Sachs Group cut their price objective on shares of American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, American Tower currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.89.

Insider Activity at American Tower

In related news, Director Eugene F. Reilly purchased 5,554 shares of the company’s stock in a transaction on Friday, October 31st. The shares were bought at an average price of $178.99 per share, with a total value of $994,110.46. Following the completion of the acquisition, the director owned 5,689 shares of the company’s stock, valued at approximately $1,018,274.11. This represents a 4,114.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the 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 sale, the insider owned 211,379 shares of the company’s stock, valued at $14,743,685.25. This trade represents a 91.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.17% of the company’s stock.

American Tower Price Performance

NYSE:AMT opened at $178.14 on Thursday. 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 business’s 50-day moving average price is $177.69 and its 200 day moving average price is $192.35. American Tower Corporation has a 52-week low of $166.88 and a 52-week high of $234.33. The firm has a market cap of $83.40 billion, a P/E ratio of 28.46, a PEG ratio of 0.71 and a beta of 0.92.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.14. The company had revenue of $2.72 billion during 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% on a year-over-year basis. During the same quarter last year, the firm posted $2.52 EPS. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. As a group, sell-side analysts predict that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, December 29th will be issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, December 29th. American Tower’s dividend payout ratio (DPR) is presently 108.63%.

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.