2,808 Shares of American Tower Corporation $AMT Purchased by Sepio Capital LP

Sepio Capital LP acquired a new position in American Tower Corporation (NYSE:AMT) in the third quarter, HoldingsChannel reports. The fund acquired 2,808 shares of the real estate investment trust’s stock, valued at approximately $460,000.

A number of other large investors also recently bought and sold shares of the business. NBT Bank N.A. acquired a new stake in shares of American Tower during the third quarter worth $365,000. SBI Securities Co. Ltd. purchased a new stake in American Tower in the third quarter valued at approximately $35,000. Marion Wealth Management increased its holdings in American Tower by 4.1% in the 3rd quarter. Marion Wealth Management now owns 7,339 shares of the real estate investment trust’s stock worth $1,201,000 after buying an additional 286 shares during the period. Pinnacle Bancorp Inc. lifted its stake in American Tower by 1.3% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 4,491 shares of the real estate investment trust’s stock valued at $736,000 after acquiring an additional 59 shares during the period. Finally, Lmcg Investments LLC boosted its holdings in shares of American Tower by 26.0% in the 3rd quarter. Lmcg Investments LLC now owns 59,837 shares of the real estate investment trust’s stock valued at $9,795,000 after acquiring an additional 12,337 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

Insider Activity

In other American Tower news, Director Rajesh Kalathur bought 2,829 shares of the business’s stock in a transaction on Friday, August 21st. The shares were bought at an average cost of $177.00 per share, with a total value of $500,733.00. Following the transaction, the director directly owned 7,765 shares in the company, valued at approximately $1,374,405. This trade represents a 57.31% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Robert Joseph Meyer sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the transaction, the chief financial officer directly owned 21,428 shares in the company, valued at approximately $3,833,254.92. This represents a 18.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,791 shares of company stock valued at $1,204,091 over the last quarter. Company insiders own 0.08% of the company’s stock.

American Tower Stock Up 4.2%

NYSE AMT traded up $7.68 on Friday, hitting $189.25. 8,851,762 shares of the stock were exchanged, compared to its average volume of 3,208,784. American Tower Corporation has a fifty-two week low of $160.06 and a fifty-two week high of $202.50. The company has a 50-day moving average price of $174.69 and a 200-day moving average price of $175.73. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12. The company has a market cap of $88.18 billion, a PE ratio of 26.03, a PEG ratio of 2.92 and a beta of 0.88.

American Tower (NYSE:AMT) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $1.14. American Tower had a return on equity of 32.76% and a net margin of 31.08%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the company posted $2.60 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Sell-side analysts anticipate that American Tower Corporation will post 10.80 EPS for the current fiscal year.

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Wednesday, September 30th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Wednesday, September 30th. American Tower’s dividend payout ratio is 98.49%.

Key Stories Impacting American Tower

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: Reports that SpaceX may pursue approximately 80,000 cell sites to support a nationwide wireless service boosted the outlook for tower operators. American Tower could benefit from new tenants, higher site utilization and incremental recurring rental revenue. SpaceX Talks Send Cell Tower Stocks Surging
• Positive Sentiment: Investors are also citing strong data-center leasing momentum at American Tower’s CoreSite business, adding a second growth catalyst alongside 5G deployments and traditional tower leasing. American Tower climbs as data-center leasing hits fresh records
• Positive Sentiment: Before its upcoming third-quarter report, analysts expect revenue and adjusted funds from operations to benefit from 5G activity, leasing demand and data-center growth. The company’s prior quarter exceeded earnings expectations and revenue increased year over year.
• Neutral Sentiment: Director Teresa Hillary Clarke disclosed several small purchases of American Tower shares, including a recent purchase at approximately $183 per share. The buying provides a modest confidence signal, but the transactions are small relative to the company’s market value and several disclosed trades are older.
• Negative Sentiment: Valuation concerns remain: an analyst recently reduced the price target, while commentary suggested American Tower’s former valuation discount has largely disappeared. This could limit further gains if quarterly results or guidance fail to exceed expectations. American Tower price target cut by Sanford C. Bernstein

Analyst Ratings Changes

A number of analysts recently issued reports on AMT shares. Jefferies Financial Group lowered their price target on shares of American Tower from $210.00 to $201.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Sanford C. Bernstein lowered their target price on shares of American Tower from $214.00 to $212.00 and set an “outperform” rating on the stock in a research note on Tuesday. Truist Financial reaffirmed a “buy” rating and set a $207.00 price objective (down from $208.00) on shares of American Tower in a research note on Wednesday, August 12th. Weiss Ratings raised shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Finally, Mizuho set a $208.00 price objective on American Tower in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, American Tower presently has a consensus rating of “Moderate Buy” and an average price target of $214.90.

American Tower Company Profile

American Tower Corporation (NYSE:AMT) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications.

The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations.