American Tower Corporation $AMT Shares Acquired by Rare Wolf Capital LLC

Rare Wolf Capital LLC lifted its position in American Tower Corporation (NYSE:AMT) by 160.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,726 shares of the real estate investment trust’s stock after purchasing an additional 2,912 shares during the quarter. Rare Wolf Capital LLC’s holdings in American Tower were worth $774,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in American Tower in the second quarter valued at approximately $7,490,943,000. State Street Corp increased its holdings in American Tower by 2.9% in the 2nd quarter. State Street Corp now owns 22,066,202 shares of the real estate investment trust’s stock worth $3,647,491,000 after buying an additional 631,593 shares during the period. Lazard Asset Management LLC increased its holdings in American Tower by 20.4% in the 1st quarter. Lazard Asset Management LLC now owns 7,325,943 shares of the real estate investment trust’s stock worth $1,264,311,000 after buying an additional 1,240,780 shares during the period. Deutsche Bank AG purchased a new position in American Tower during the 2nd quarter worth approximately $1,096,186,000. Finally, Legal & General Group Plc raised its position in American Tower by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 4,853,850 shares of the real estate investment trust’s stock worth $793,944,000 after buying an additional 27,929 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Stock Up 0.2%

Shares of AMT stock opened at $183.38 on Wednesday. The stock has a 50 day moving average of $174.13 and a 200 day moving average of $175.55. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.12. The stock has a market cap of $85.45 billion, a P/E ratio of 25.22, a P/E/G ratio of 2.94 and a beta of 0.88. American Tower Corporation has a twelve month low of $160.06 and a twelve month high of $196.08.

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

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Wednesday, September 30th were paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Wednesday, September 30th. American Tower’s payout ratio is currently 98.49%.

Insider Activity at American Tower

In other news, Director Rajesh Kalathur purchased 2,829 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average cost of $177.00 per share, with a total value of $500,733.00. Following the completion of the acquisition, the director owned 7,765 shares of the company’s stock, valued at approximately $1,374,405. This represents a 57.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ruth Dowling sold 1,106 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total transaction of $193,505.76. Following the sale, the executive vice president owned 27,711 shares in the company, valued at approximately $4,848,316.56. This represents a 3.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,791 shares of company stock worth $1,204,091 in the last three months. Company insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

AMT has been the subject of several research reports. TD Cowen lifted their price objective on shares of American Tower from $225.00 to $227.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Scotiabank reaffirmed an “outperform” rating on shares of American Tower in a report on Wednesday, July 29th. Weiss Ratings lowered shares of American Tower from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Barclays raised their target price on shares of American Tower from $198.00 to $199.00 and gave the stock an “overweight” rating in a report on Wednesday, September 30th. Finally, Wolfe Research raised shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 target price for the company in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, American Tower has an average 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.