UniSuper Management Pty Ltd Has $92.96 Million Holdings in American Tower Corporation $AMT

UniSuper Management Pty Ltd lifted its stake in American Tower Corporation (NYSE:AMT) by 20.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 483,349 shares of the real estate investment trust’s stock after acquiring an additional 81,698 shares during the period. American Tower makes up 0.6% of UniSuper Management Pty Ltd’s portfolio, making the stock its 29th largest holding. UniSuper Management Pty Ltd owned approximately 0.10% of American Tower worth $92,958,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Abound Wealth Management grew its position in American Tower by 137.3% during the third quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 81 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in American Tower in the 2nd quarter valued at $31,000. Root Financial Partners LLC bought a new stake in American Tower in the 3rd quarter valued at $32,000. VSM Wealth Advisory LLC raised its position in American Tower by 136.4% in the second quarter. VSM Wealth Advisory LLC now owns 156 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 90 shares in the last quarter. Finally, Salomon & Ludwin LLC grew its stake in shares of American Tower by 147.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 181 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 108 shares during the period. 92.69% of the stock is owned by institutional investors.

American Tower Stock Up 1.0%

Shares of NYSE AMT opened at $178.68 on Friday. The firm’s 50-day moving average is $177.51 and its 200-day moving average is $191.96. American Tower Corporation has a 1 year low of $166.88 and a 1 year high of $234.33. The firm has a market capitalization of $83.65 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 0.73 and a beta of 0.92. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 3.24.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.14. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.65 billion. American Tower had a net margin of 28.11% and a return on equity of 28.79%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.52 EPS. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. Equities analysts expect that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, December 29th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, December 29th. American Tower’s dividend payout ratio is currently 108.63%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AMT shares. The Goldman Sachs Group cut their target price on American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Wall Street Zen raised American Tower from a “sell” rating to a “hold” rating in a report on Sunday, October 12th. Weiss Ratings restated a “hold (c)” rating on shares of American Tower in a research note on Monday, December 29th. Jefferies Financial Group dropped their target price on shares of American Tower from $226.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, December 16th. Finally, Mizuho reduced their price target on shares of American Tower from $217.00 to $189.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $218.89.

Insider Activity

In other news, Director Eugene F. Reilly bought 5,554 shares of the stock in a transaction on Friday, October 31st. The stock was purchased at an average price of $178.99 per share, with a total value of $994,110.46. Following the completion of the purchase, the director owned 5,689 shares of the company’s stock, valued at approximately $1,018,274.11. This trade represents a 4,114.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of American Tower stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $69.75, for a total value of $159,631,314.75. Following the transaction, the insider owned 211,379 shares in the company, valued at $14,743,685.25. This trade represents a 91.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.17% of the company’s stock.

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.