Kingsview Wealth Management LLC Boosts Stock Holdings in American Tower Corporation $AMT

Kingsview Wealth Management LLC raised its holdings in American Tower Corporation (NYSE:AMT) by 15.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 50,883 shares of the real estate investment trust’s stock after purchasing an additional 6,646 shares during the quarter. Kingsview Wealth Management LLC’s holdings in American Tower were worth $8,934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMT. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of American Tower by 20,721.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock valued at $1,705,254,000 after buying an additional 9,666,025 shares during the period. Lazard Asset Management LLC grew its holdings in American Tower by 1,984.8% during the third quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock worth $858,552,000 after acquiring an additional 4,250,242 shares during the period. Viking Global Investors LP raised its position in American Tower by 233.5% in the second quarter. Viking Global Investors LP now owns 2,797,125 shares of the real estate investment trust’s stock worth $618,221,000 after acquiring an additional 1,958,329 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in American Tower in the third quarter worth $305,872,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in American Tower by 35.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,796,007 shares of the real estate investment trust’s stock valued at $537,728,000 after acquiring an additional 724,504 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Transactions at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 556 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total transaction of $99,234.88. Following the sale, the executive vice president owned 29,877 shares in the company, valued at approximately $5,332,446.96. This represents a 1.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur purchased 2,671 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were bought at an average cost of $185.30 per share, with a total value of $494,936.30. Following the transaction, the director directly owned 4,936 shares of the company’s stock, valued at $914,640.80. This represents a 117.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 42,181 shares of company stock valued at $8,046,071 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

AMT has been the topic of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $195.00 price target on shares of American Tower in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Scotiabank boosted their price objective on shares of American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Barclays dropped their target price on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Finally, Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $189.00 to $205.00 in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, American Tower presently has a consensus rating of “Moderate Buy” and a consensus price target of $216.20.

American Tower Trading Up 1.1%

NYSE:AMT opened at $187.00 on Friday. American Tower Corporation has a 52-week low of $165.08 and a 52-week high of $234.33. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. The stock has a fifty day simple moving average of $177.55 and a 200-day simple moving average of $179.31. The company has a market capitalization of $87.12 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 0.77 and a beta of 0.90.

American Tower (NYSE:AMT) last issued 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. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the prior year, the company earned $2.75 EPS. The firm’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 research analysts expect that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be given a $1.79 dividend. The ex-dividend date is Friday, June 12th. This represents a $7.16 annualized dividend and a dividend yield of 3.8%. American Tower’s dividend payout ratio is currently 115.67%.

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.