American Tower Corporation $AMT Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. lessened its position in shares of American Tower Corporation (NYSE:AMT) by 42.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,759 shares of the real estate investment trust’s stock after selling 7,158 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in American Tower were worth $1,713,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Richards Merrill & Peterson Inc. acquired a new stake in shares of American Tower during the 4th quarter valued at approximately $25,000. Oakworth Capital Inc. boosted its holdings in American Tower by 90.7% in the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 68 shares during the period. Holos Integrated Wealth LLC bought a new stake in American Tower during the fourth quarter valued at $27,000. Triumph Capital Management acquired a new stake in shares of American Tower during the third quarter worth $29,000. Finally, Steph & Co. raised its holdings in shares of American Tower by 87.2% during the fourth quarter. Steph & Co. now owns 176 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 82 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMT has been the subject of several research reports. Jefferies Financial Group lifted their price target on shares of American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. JPMorgan Chase & Co. dropped their price objective on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $195.00 target price on shares of American Tower in a report on Thursday, April 30th. Truist Financial upped their target price on American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $240.00 price target on shares of American Tower in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $218.05.

American Tower Stock Down 2.1%

American Tower stock opened at $170.28 on Friday. 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 one year low of $165.08 and a one year high of $234.33. The company has a 50-day simple moving average of $178.20 and a 200-day simple moving average of $179.17. The firm has a market capitalization of $79.33 billion, a P/E ratio of 27.51, a P/E/G ratio of 0.73 and a beta of 0.90.

American Tower (NYSE:AMT) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating the consensus estimate of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period last year, the firm posted $2.75 EPS. American Tower’s quarterly 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, equities analysts expect that American Tower Corporation will post 10.67 earnings per share for the current year.

American Tower Increases Dividend

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

Insider Buying and Selling

In related news, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was 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 of the company’s stock, valued at $5,653,551.60. This represents a 58.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ruth T. Dowling sold 556 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total value of $99,234.88. Following the completion of the sale, the executive vice president owned 29,877 shares in the company, valued at approximately $5,332,446.96. This represents a 1.83% 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. Insiders sold 42,181 shares of company stock valued at $8,046,071 in the last three months. 0.08% of the stock is currently owned by corporate insiders.

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.