Independent Advisor Alliance Has $2.65 Million Stock Position in American Tower Corporation $AMT

Independent Advisor Alliance raised its stake in shares of American Tower Corporation (NYSE:AMT) by 184.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,106 shares of the real estate investment trust’s stock after buying an additional 9,788 shares during the quarter. Independent Advisor Alliance’s holdings in American Tower were worth $2,652,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AMT. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of American Tower by 8.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,793 shares of the real estate investment trust’s stock valued at $18,615,000 after purchasing an additional 7,872 shares in the last quarter. Krilogy Financial LLC bought a new position in shares of American Tower during the 3rd quarter valued at about $1,044,000. Machina Capital S.A.S. bought a new position in shares of American Tower during the 3rd quarter valued at about $2,871,000. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of American Tower by 92.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 61,397 shares of the real estate investment trust’s stock valued at $11,808,000 after purchasing an additional 29,486 shares in the last quarter. Finally, National Pension Service lifted its holdings in shares of American Tower by 2.5% during the 3rd quarter. National Pension Service now owns 1,240,270 shares of the real estate investment trust’s stock valued at $238,529,000 after purchasing an additional 30,368 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Jefferies Financial Group lifted their price objective on American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Barclays cut their target price on American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. JPMorgan Chase & Co. cut their target price on American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Truist Financial boosted their target price on American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group cut their target price on American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $218.05.

Insider Buying and Selling

In other news, Director Rajesh Kalathur acquired 2,671 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were purchased at an average cost of $185.30 per share, with a total value of $494,936.30. Following the acquisition, the director directly owned 4,936 shares in the company, valued at $914,640.80. This represents a 117.92% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total value of $7,872,979.45. Following the completion of the transaction, the chief operating officer directly owned 29,592 shares in the company, valued at approximately $5,653,551.60. This represents a 58.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 42,181 shares of company stock valued at $8,046,071. 0.08% of the stock is owned by insiders.

American Tower Trading Down 2.1%

NYSE AMT opened at $170.28 on Friday. The stock has a market capitalization of $79.33 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 0.73 and a beta of 0.90. The stock’s 50 day moving average price is $178.20 and its two-hundred day moving average price is $179.17. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. American Tower Corporation has a 52 week low of $165.08 and a 52 week high of $234.33.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the prior year, the business posted $2.75 EPS. The business’s revenue was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, analysts anticipate that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, April 14th. This is a boost from American Tower’s previous quarterly dividend of $1.70. American Tower’s payout ratio is presently 115.67%.

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.