Second Half Financial Partners LLC Has $536,000 Stock Holdings in American Tower Corporation $AMT

Second Half Financial Partners LLC lessened its position in shares of American Tower Corporation (NYSE:AMT) by 6.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,426 shares of the real estate investment trust’s stock after selling 175 shares during the quarter. Second Half Financial Partners LLC’s holdings in American Tower were worth $536,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AMT. Nuveen LLC acquired a new position in shares of American Tower during the first quarter valued at $991,525,000. Price T Rowe Associates Inc. MD lifted its stake in shares of American Tower by 39.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,144,040 shares of the real estate investment trust’s stock valued at $1,772,144,000 after acquiring an additional 2,309,627 shares during the period. Bessemer Group Inc. lifted its stake in shares of American Tower by 272.0% during the first quarter. Bessemer Group Inc. now owns 1,136,903 shares of the real estate investment trust’s stock valued at $247,390,000 after acquiring an additional 831,247 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of American Tower during the first quarter valued at $162,127,000. Finally, Amundi increased its holdings in American Tower by 35.5% in the first quarter. Amundi now owns 2,838,421 shares of the real estate investment trust’s stock valued at $645,694,000 after purchasing an additional 743,617 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Stock Up 0.7%

Shares of American Tower stock opened at $186.60 on Friday. American Tower Corporation has a 1 year low of $172.51 and a 1 year high of $234.33. The business has a 50-day moving average of $198.75 and a two-hundred day moving average of $210.82. The company has a market capitalization of $87.38 billion, a P/E ratio of 67.85, a price-to-earnings-growth ratio of 1.13 and a beta of 0.86. 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 announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.01. American Tower had a return on equity of 24.85% and a net margin of 12.60%.The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the company earned $2.79 earnings per share. The company’s revenue for the quarter was down 9.4% compared to the same quarter last year. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. As a group, equities analysts predict that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th will be issued a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 30th. American Tower’s dividend payout ratio is 247.27%.

Analyst Ratings Changes

A number of research firms recently commented on AMT. Raymond James Financial set a $250.00 price objective on American Tower and gave the company a “strong-buy” rating in a report on Wednesday, July 30th. HSBC downgraded 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. Hsbc Global Res downgraded American Tower from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Barclays upped their price objective on American Tower from $246.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Finally, JPMorgan Chase & Co. upped their price objective on American Tower from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, American Tower has a consensus rating of “Moderate Buy” and a consensus price target of $242.07.

Insider Activity

In other American Tower news, CEO Juan Font sold 720 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $208.33, for a total value of $149,997.60. Following the completion of the sale, the chief executive officer directly owned 23,425 shares in the company, valued at $4,880,130.25. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is owned by company insiders.

About American Tower

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.