American Tower Corporation $AMT Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP increased its position in shares of American Tower Corporation (NYSE:AMT) by 84.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,579 shares of the real estate investment trust’s stock after acquiring an additional 4,389 shares during the quarter. GSA Capital Partners LLP’s holdings in American Tower were worth $1,682,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMT. Richards Merrill & Peterson Inc. acquired a new stake in American Tower in the 4th quarter valued at approximately $25,000. Oakworth Capital Inc. increased 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 during the last quarter. Holos Integrated Wealth LLC acquired a new stake in American Tower in the 4th quarter valued at approximately $27,000. Triumph Capital Management acquired a new stake in American Tower in the 3rd quarter valued at approximately $29,000. Finally, Steph & Co. grew its holdings in shares of American Tower by 87.2% in the fourth quarter. Steph & Co. now owns 176 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 82 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMT has been the topic of a number of research reports. Sanford C. Bernstein upgraded shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 target price on the stock in a report on Tuesday. Royal Bank Of Canada reissued a “sector perform” rating and issued a $195.00 price target on shares of American Tower in a research report on Thursday, April 30th. Truist Financial increased their price objective on shares of American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Jefferies Financial Group increased their price objective on shares of American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Finally, Morgan Stanley dropped their price objective on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, American Tower presently has a consensus rating of “Moderate Buy” and an average target price of $216.20.

American Tower Trading Up 3.1%

Shares of American Tower stock opened at $182.86 on Wednesday. The company has a fifty day simple moving average of $177.48 and a 200-day simple moving average of $179.02. American Tower Corporation has a 12-month low of $165.08 and a 12-month high of $234.33. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. The stock has a market cap of $85.19 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 0.74 and a beta of 0.90.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. 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 posted $2.75 EPS. 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 analysts forecast that American Tower Corporation will post 10.67 EPS for the current fiscal year.

American Tower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th were given a $1.79 dividend. This is a positive change from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date was Tuesday, April 14th. This represents a $7.16 annualized dividend and a yield of 3.9%. American Tower’s payout ratio is currently 115.67%.

Insider Activity at American Tower

In related news, EVP Ruth T. Dowling sold 416 shares of the company’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total value of $73,856.64. Following the completion of the sale, the executive vice president owned 29,461 shares in the company, valued at $5,230,505.94. This represents a 1.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the completion of the sale, the chief operating officer owned 29,592 shares of the company’s stock, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,181 shares of company stock worth $8,046,071 in the last 90 days. 0.08% of the stock is owned by insiders.

Trending Headlines about American Tower

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

• Positive Sentiment: Bernstein upgraded American Tower (AMT) to Outperform from Market Perform and lifted its price target to $207, signaling roughly 17% upside and reinforcing optimism around the tower REIT group. Bernstein turns bullish on American Tower, sees 17% upside
• Positive Sentiment: American Tower also announced pricing for a €750 million senior notes offering due 2033 at 4.000%, giving it access to long-term capital and suggesting management is continuing to fund growth and refinance efficiently. American Tower Corporation Prices Senior Notes Offering
• Neutral Sentiment: The company presented at the J.P. Morgan Global Technology, Media and Communications Conference, which may have kept investors focused on its growth outlook, but no major new financial details were disclosed in the transcript. American Tower Corporation (AMT) Presents at J.P. Morgan Conference Transcript
• Neutral Sentiment: Broader sector commentary continues to highlight American Tower as a beneficiary of demand for connectivity and infrastructure, but this is more of a longer-term thesis than a near-term catalyst. Data Center REITs: One Of My Highest-Conviction Calls

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.