GS Investments Inc. Has $32,000 Holdings in American Tower Corporation $AMT

GS Investments Inc. decreased its holdings in American Tower Corporation (NYSE:AMT) by 96.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 188 shares of the real estate investment trust’s stock after selling 4,585 shares during the quarter. GS Investments Inc.’s holdings in American Tower were worth $32,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Richards Merrill & Peterson Inc. acquired a new position in shares of American Tower during the 4th quarter worth approximately $25,000. Oakworth Capital Inc. raised its stake 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 acquiring an additional 68 shares during the period. Swiss RE Ltd. acquired a new stake in American Tower during the 4th quarter valued at $25,000. Holos Integrated Wealth LLC bought a new position in American Tower during the fourth quarter worth $27,000. Finally, Triumph Capital Management bought a new position in American Tower during the third quarter worth $29,000. 92.69% of the stock is owned by institutional investors and hedge funds.

American Tower Stock Performance

Shares of NYSE AMT opened at $170.13 on Friday. 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 firm has a market cap of $79.26 billion, a price-to-earnings ratio of 27.48, a P/E/G ratio of 0.71 and a beta of 0.91. The stock’s fifty day moving average price is $177.64 and its two-hundred day moving average price is $178.70. American Tower Corporation has a one year low of $160.06 and a one year high of $234.33.

American Tower (NYSE:AMT) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the firm earned $2.75 earnings per share. The company’s revenue 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 10.66 EPS for the current year.

American Tower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Friday, June 12th were paid a $1.79 dividend. The ex-dividend date was Friday, June 12th. This represents a $7.16 annualized dividend and a yield of 4.2%. American Tower’s payout ratio is 115.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada raised shares of American Tower from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $195.00 to $205.00 in a research report on Friday, June 26th. The Goldman Sachs Group assumed coverage on shares of American Tower in a report on Friday, June 26th. They set a “buy” rating and a $215.00 target price for the company. Barclays decreased their price target on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Citizens Jmp reissued a “market outperform” rating and issued a $260.00 price target on shares of American Tower in a report on Wednesday, April 29th. Finally, Mizuho upgraded shares of American Tower from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $189.00 to $205.00 in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $215.57.

Insider Transactions at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 416 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $5,230,505.94. The trade was a 1.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by corporate insiders.

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.