Uhlmann Price Securities LLC Buys 150 Shares of American Tower Corporation $AMT

Uhlmann Price Securities LLC boosted its stake in shares of American Tower Corporation (NYSE:AMT) by 12.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,320 shares of the real estate investment trust’s stock after buying an additional 150 shares during the period. Uhlmann Price Securities LLC’s holdings in American Tower were worth $292,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMT. North Capital Inc. bought a new position in American Tower during the 1st quarter valued at approximately $25,000. Hopwood Financial Services Inc. increased its position in American Tower by 100.0% during the 1st quarter. Hopwood Financial Services Inc. now owns 120 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 60 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in American Tower during the 1st quarter valued at approximately $31,000. Rosenberg Matthew Hamilton increased its position in American Tower by 86.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 173 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 80 shares in the last quarter. Finally, Saudi Central Bank bought a new stake in shares of American Tower in the 1st quarter worth $40,000. Institutional investors own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMT. Morgan Stanley reduced their target price on American Tower from $270.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday. Raymond James Financial set a $250.00 target price on American Tower and gave the stock a “strong-buy” rating in a report on Wednesday, July 30th. Barclays lifted their target price on American Tower from $250.00 to $251.00 and gave the stock an “overweight” rating in a report on Friday. HSBC lowered American Tower from a “buy” rating to a “hold” rating and set a $235.00 target price for the company. in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada set a $220.00 target price on American Tower and gave the stock a “sector perform” rating in a report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, American Tower currently has an average rating of “Moderate Buy” and a consensus price target of $238.00.

American Tower Stock Performance

Shares of AMT opened at $191.60 on Monday. 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 Corporation has a one year low of $172.51 and a one year high of $234.33. The firm has a market capitalization of $89.72 billion, a P/E ratio of 69.67, a PEG ratio of 1.16 and a beta of 0.86. The business has a fifty day moving average of $196.63 and a 200 day moving average of $209.70.

American Tower (NYSE:AMT) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $2.60 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 analyst estimates of $2.58 billion. During the same quarter in the previous year, the company posted $2.79 earnings per share. American Tower’s revenue 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, sell-side analysts anticipate that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Tuesday, September 30th will be issued a $1.70 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.80 annualized dividend and a dividend yield of 3.5%. American Tower’s payout ratio is presently 247.27%.

Insider Activity at American Tower

In related news, CEO Juan Font sold 720 shares of American Tower stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $208.33, for a total transaction of $149,997.60. Following the transaction, the chief executive officer directly owned 23,425 shares in the company, valued at approximately $4,880,130.25. The trade was a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by 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.