American Tower Corporation $AMT Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of American Tower Corporation (NYSE:AMT) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,499,035 shares of the real estate investment trust’s stock after acquiring an additional 227,361 shares during the quarter. Geode Capital Management LLC’s holdings in American Tower were worth $2,361,675,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of American Tower by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust’s stock valued at $12,239,277,000 after acquiring an additional 611,801 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of American Tower by 20,721.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock valued at $1,705,254,000 after acquiring an additional 9,666,025 shares during the last quarter. Invesco Ltd. increased its stake in shares of American Tower by 3.1% during the 3rd quarter. Invesco Ltd. now owns 6,888,633 shares of the real estate investment trust’s stock valued at $1,324,822,000 after acquiring an additional 208,109 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of American Tower by 1.0% during the 4th quarter. Principal Financial Group Inc. now owns 6,038,061 shares of the real estate investment trust’s stock valued at $1,060,103,000 after acquiring an additional 57,545 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in shares of American Tower by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 4,924,771 shares of the real estate investment trust’s stock valued at $947,132,000 after acquiring an additional 15,145 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

AMT has been the subject of a number of research analyst reports. BMO Capital Markets upped their price objective on shares of American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a research note on Wednesday, February 25th. TD Cowen dropped their target price on shares of American Tower from $235.00 to $225.00 in a research report on Wednesday, February 25th. Mizuho raised shares of American Tower from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $189.00 to $205.00 in a research report on Wednesday, April 15th. Barclays dropped their target price on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Finally, Scotiabank increased their target price on shares of American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $216.20.

Insiders Place Their Bets

In other American Tower news, COO Eugene M. Noel sold 41,209 shares of the company’s 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 owned 29,592 shares in the company, valued at $5,653,551.60. This represents a 58.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ruth T. Dowling sold 556 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total value of $99,234.88. Following the completion of the transaction, the executive vice president owned 29,877 shares of the company’s stock, valued at approximately $5,332,446.96. This represents a 1.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 42,181 shares of company stock worth $8,046,071 in the last 90 days. 0.08% of the stock is owned by company insiders.

American Tower Stock Down 0.0%

AMT opened at $184.93 on Thursday. The firm has a 50 day moving average price of $177.51 and a 200 day moving average price of $179.25. The company has a market cap of $86.16 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 0.77 and a beta of 0.90. American Tower Corporation has a 1 year low of $165.08 and a 1 year high of $234.33. 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 (NYSE:AMT) last posted its earnings results 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. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Sell-side analysts expect that American Tower Corporation will post 10.67 earnings per share for the current year.

American Tower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Friday, June 12th will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, June 12th. American Tower’s dividend payout ratio is currently 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.