American Tower Corporation $AMT Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lowered its position in shares of American Tower Corporation (NYSE:AMT) by 20.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,597 shares of the real estate investment trust’s stock after selling 16,330 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in American Tower were worth $10,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in American Tower by 8.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,793 shares of the real estate investment trust’s stock worth $18,615,000 after buying an additional 7,872 shares during the period. Krilogy Financial LLC purchased a new position in shares of American Tower in the third quarter valued at approximately $1,044,000. Machina Capital S.A.S. purchased a new position in shares of American Tower in the third quarter valued at approximately $2,871,000. National Pension Service lifted its stake in American Tower by 2.5% in the third quarter. National Pension Service now owns 1,240,270 shares of the real estate investment trust’s stock worth $238,529,000 after acquiring an additional 30,368 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new position in American Tower in the third quarter worth approximately $4,093,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMT. Citizens Jmp restated a “market outperform” rating and set a $260.00 price objective on shares of American Tower in a research report on Wednesday, April 29th. UBS Group reduced their price objective on shares of American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. TD Cowen reduced their price objective on shares of American Tower from $235.00 to $225.00 in a research report on Wednesday, February 25th. Jefferies Financial Group lifted their target price 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. Finally, Scotiabank lifted their target price on shares of American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $216.20.

Insider Buying and Selling

In other news, Director Rajesh Kalathur bought 2,671 shares of American Tower stock in a transaction on Tuesday, March 10th. The shares were bought at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the acquisition, the director owned 4,936 shares in the company, valued at approximately $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Ruth T. Dowling sold 416 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total transaction of $73,856.64. Following the completion of the transaction, the executive vice president owned 29,461 shares in the company, valued at approximately $5,230,505.94. This trade represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 42,181 shares of company stock worth $8,046,071 in the last three months. Corporate insiders own 0.08% of the company’s stock.

American Tower Stock Performance

Shares of AMT opened at $185.36 on Wednesday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market capitalization of $86.36 billion, a P/E ratio of 29.95, a P/E/G ratio of 0.77 and a beta of 0.90. The company’s fifty day moving average is $177.50 and its two-hundred day moving average is $179.20. American Tower Corporation has a 1 year low of $165.08 and a 1 year high of $234.33.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping the consensus estimate of $1.60 by $1.24. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, sell-side analysts predict that American Tower Corporation will post 10.67 earnings per share for the current year.

American Tower Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be given a $1.79 dividend. The ex-dividend date is Friday, June 12th. This represents a $7.16 annualized dividend and a dividend yield of 3.9%. American Tower’s payout ratio is currently 115.67%.

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.