Metis Global Partners LLC Increases Stock Position in American Tower Corporation $AMT

Metis Global Partners LLC lifted its holdings in shares of American Tower Corporation (NYSE:AMT) by 55.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,554 shares of the real estate investment trust’s stock after buying an additional 14,883 shares during the quarter. Metis Global Partners LLC’s holdings in American Tower were worth $7,296,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Richards Merrill & Peterson Inc. purchased a new stake in shares of American Tower during the 4th quarter valued at approximately $25,000. Oakworth Capital Inc. increased its holdings in American Tower by 90.7% during the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 68 shares during the period. Holos Integrated Wealth LLC purchased a new stake in American Tower in the 4th quarter worth approximately $27,000. Triumph Capital Management bought a new position in American Tower in the 3rd quarter valued at $29,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of American Tower during the 4th quarter valued at $30,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

American Tower Price Performance

Shares of NYSE:AMT opened at $192.62 on Thursday. The company’s fifty day moving average price is $180.35 and its 200-day moving average price is $179.80. The firm has a market capitalization of $89.74 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 0.80 and a beta of 0.90. American Tower Corporation has a one year low of $165.08 and a one year high of $234.33. 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 (NYSE:AMT) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating 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 business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the business posted $2.75 earnings per share. The company’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. On average, equities research analysts anticipate that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Friday, June 12th will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $7.16 annualized dividend and a yield of 3.7%. American Tower’s payout ratio is 115.67%.

Insider Transactions at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total transaction of $73,856.64. Following the completion of the sale, the executive vice president owned 29,461 shares of the company’s stock, valued at $5,230,505.94. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMT. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $240.00 price target on shares of American Tower in a report on Wednesday, April 29th. Royal Bank Of Canada restated a “sector perform” rating and set a $195.00 target price on shares of American Tower in a research report on Thursday, April 30th. Jefferies Financial Group upped their target price on American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. JPMorgan Chase & Co. dropped their price target on American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, BMO Capital Markets boosted their price objective 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 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.20.

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.