BSW Wealth Partners Acquires 199 Shares of American Tower Corporation $AMT

BSW Wealth Partners raised its holdings in American Tower Corporation (NYSE:AMT) by 11.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,880 shares of the real estate investment trust’s stock after buying an additional 199 shares during the quarter. BSW Wealth Partners’ holdings in American Tower were worth $415,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. North Capital Inc. acquired a new stake in shares of American Tower in the first quarter worth $25,000. Hopwood Financial Services Inc. boosted its holdings in American Tower by 100.0% in the 1st quarter. Hopwood Financial Services Inc. now owns 120 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 60 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in American Tower in the 1st quarter worth $31,000. City Holding Co. bought a new position in shares of American Tower during the 1st quarter worth about $39,000. Finally, Saudi Central Bank acquired a new position in shares of American Tower during the first quarter valued at about $40,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Stock Performance

American Tower stock opened at $191.03 on Friday. The firm has a market capitalization of $89.45 billion, a P/E ratio of 69.47, a P/E/G ratio of 1.19 and a beta of 0.86. The stock has a fifty day moving average price of $202.32 and a two-hundred day moving average price of $211.93. American Tower Corporation has a 52-week low of $172.51 and a 52-week high of $234.33. The company has a debt-to-equity ratio of 3.36, a current ratio of 0.95 and a quick ratio of 0.95.

American Tower (NYSE:AMT) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.01. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.58 billion. American Tower had a net margin of 12.60% and a return on equity of 24.85%. The firm’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.79 EPS. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. As a group, analysts anticipate that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $1.70 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.80 annualized dividend and a dividend yield of 3.6%. American Tower’s dividend payout ratio (DPR) is presently 247.27%.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMT. The Goldman Sachs Group restated a “buy” rating on shares of American Tower in a research note on Tuesday, July 29th. Wells Fargo & Company cut their target price on American Tower from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Royal Bank Of Canada set a $220.00 target price on American Tower and gave the stock a “sector perform” rating in a research report on Wednesday. Hsbc Global Res lowered shares of American Tower from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Finally, HSBC downgraded shares of American Tower from a “buy” rating to a “hold” rating and set a $235.00 price objective for the company. in a report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $242.07.

Insider Activity

In other news, CEO Juan Font sold 720 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $208.33, for a total value of $149,997.60. Following the transaction, the chief executive officer directly owned 23,425 shares of the company’s stock, valued at $4,880,130.25. The trade was a 2.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.17% of the company’s stock.

American Tower Company Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.