American Tower Corporation $AMT Shares Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR boosted its holdings in American Tower Corporation (NYSE:AMT) by 38.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 50,150 shares of the real estate investment trust’s stock after buying an additional 13,924 shares during the quarter. Generali Asset Management SPA SGR’s holdings in American Tower were worth $8,805,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Personal CFO Solutions LLC boosted its holdings in American Tower by 3.5% in the fourth quarter. Personal CFO Solutions LLC now owns 1,667 shares of the real estate investment trust’s stock valued at $293,000 after purchasing an additional 57 shares in the last quarter. Pines Wealth Management LLC boosted its holdings in American Tower by 4.1% in the third quarter. Pines Wealth Management LLC now owns 1,488 shares of the real estate investment trust’s stock valued at $286,000 after purchasing an additional 58 shares in the last quarter. Pasadena Private Wealth LLC boosted its holdings in American Tower by 4.0% in the third quarter. Pasadena Private Wealth LLC now owns 1,544 shares of the real estate investment trust’s stock valued at $297,000 after purchasing an additional 60 shares in the last quarter. Conscious Wealth Investments LLC boosted its holdings in American Tower by 0.5% in the third quarter. Conscious Wealth Investments LLC now owns 11,852 shares of the real estate investment trust’s stock valued at $2,121,000 after purchasing an additional 60 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC lifted its stake in American Tower by 19.9% in the third quarter. Dynamic Wealth Strategies LLC now owns 367 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 61 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Tower

In related news, Director Rajesh Kalathur purchased 2,671 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the purchase, the director directly owned 4,936 shares of the company’s stock, valued at $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ruth T. Dowling sold 416 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total value of $73,856.64. Following the sale, the executive vice president owned 29,461 shares of the company’s stock, valued at $5,230,505.94. This trade represents a 1.39% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 42,181 shares of company stock worth $8,046,071 over the last 90 days. 0.08% of the stock is currently owned by insiders.

American Tower Price Performance

Shares of NYSE AMT opened at $179.57 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. American Tower Corporation has a twelve month low of $165.08 and a twelve month high of $234.33. The stock has a 50 day moving average of $179.45 and a two-hundred day moving average of $179.74. The stock has a market cap of $83.69 billion, a P/E ratio of 29.01, a P/E/G ratio of 0.75 and a beta of 0.90.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS 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 business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the prior year, the business earned $2.75 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, research analysts forecast that American Tower Corporation will post 10.67 earnings per share for the current year.

American Tower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 4.0%. This is a boost from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date was Tuesday, April 14th. American Tower’s dividend payout ratio (DPR) is currently 115.67%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Raymond James Financial reiterated a “strong-buy” rating and issued a $240.00 price objective on shares of American Tower in a research note on Wednesday, April 29th. BMO Capital Markets boosted their price objective on American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a research note on Wednesday, February 25th. UBS Group reduced their price objective on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. TD Cowen reduced their price objective on American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. Finally, Barclays reduced their price objective on American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, American Tower currently has a consensus rating of “Moderate Buy” and an average price target of $218.05.

About American Tower

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.