Triglav Investments D.O.O. Grows Position in American Tower Corporation $AMT

Triglav Investments D.O.O. boosted its stake in shares of American Tower Corporation (NYSE:AMT) by 282.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,900 shares of the real estate investment trust’s stock after buying an additional 11,000 shares during the quarter. Triglav Investments D.O.O.’s holdings in American Tower were worth $2,616,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of AMT. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of American Tower by 8.9% in the third 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 acquiring an additional 7,872 shares in the last quarter. Krilogy Financial LLC purchased a new position in shares of American Tower in the third quarter valued at about $1,044,000. Machina Capital S.A.S. purchased a new position in shares of American Tower in the third quarter valued at about $2,871,000. National Pension Service lifted its position in shares of 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 valued at $238,529,000 after acquiring an additional 30,368 shares in the last quarter. Finally, ABC Arbitrage SA purchased a new position in shares of American Tower in the third quarter valued at about $4,093,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Citizens Jmp restated a “market outperform” rating and issued a $260.00 price objective on shares of American Tower in a research report on Wednesday, April 29th. Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $189.00 to $205.00 in a report on Wednesday, April 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $195.00 target price on shares of American Tower in a report on Thursday, April 30th. Scotiabank lifted their target price on American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, BMO Capital Markets lifted their target price on American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $216.20.

Insider Activity at American Tower

In other news, 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 transaction of $99,234.88. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction that occurred 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 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 position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 42,181 shares of company stock worth $8,046,071. Insiders own 0.08% of the company’s stock.

American Tower Trading Up 0.1%

Shares of NYSE AMT opened at $186.87 on Friday. The business’s 50 day moving average is $177.67 and its two-hundred day moving average is $179.37. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33. The stock has a market capitalization of $87.06 billion, a P/E ratio of 30.19, a PEG ratio of 0.78 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, topping the consensus estimate 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 period in the previous year, the firm posted $2.75 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, research analysts expect that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, June 12th. American Tower’s dividend 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.