American Tower Corporation $AMT Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC grew its stake in American Tower Corporation (NYSE:AMT) by 179.9% during the 1st quarter, Holdings Channel reports. The fund owned 8,186 shares of the real estate investment trust’s stock after acquiring an additional 5,261 shares during the period. Diversify Wealth Management LLC’s holdings in American Tower were worth $1,459,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Richards Merrill & Peterson Inc. purchased a new stake in American Tower during the 4th quarter worth about $25,000. Oakworth Capital Inc. lifted its holdings in American Tower by 90.7% in the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 68 shares in the last quarter. Swiss RE Ltd. purchased a new position in American Tower in the 4th quarter valued at about $25,000. Holos Integrated Wealth LLC acquired a new stake in shares of American Tower during the 4th quarter worth about $27,000. Finally, Triumph Capital Management acquired a new stake in shares of American Tower during the 3rd quarter worth about $29,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Buying and Selling

In other American Tower news, EVP Ruth T. Dowling sold 556 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were 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 $5,332,446.96. This trade represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMT. Weiss Ratings lowered shares of American Tower from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. decreased their target price on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Jefferies Financial Group raised their target price on shares of American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Royal Bank Of Canada raised shares of American Tower from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $195.00 to $205.00 in a research note on Friday, June 26th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $240.00 price target on shares of American Tower in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, American Tower currently has an average rating of “Moderate Buy” and a consensus price target of $215.57.

American Tower Stock Down 0.3%

AMT opened at $169.04 on Wednesday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $78.75 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 0.71 and a beta of 0.91. The business has a 50-day moving average of $178.21 and a two-hundred day moving average of $178.86. American Tower Corporation has a 12 month low of $160.06 and a 12 month high of $234.33.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. The company 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 quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, research analysts expect that American Tower Corporation will post 10.66 earnings per share for the current year.

American Tower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Friday, June 12th were given a dividend of $1.79 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $7.16 annualized dividend and a yield of 4.2%. American Tower’s dividend payout ratio is 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.