WBH Advisory Inc. Sells 66 Shares of American Tower Corporation $AMT

WBH Advisory Inc. decreased its position in American Tower Corporation (NYSE:AMT) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,632 shares of the real estate investment trust’s stock after selling 66 shares during the quarter. WBH Advisory Inc.’s holdings in American Tower were worth $1,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. North Capital Inc. bought a new stake in American Tower in the 1st quarter worth approximately $25,000. Hopwood Financial Services Inc. increased its stake in American Tower by 100.0% in the 1st quarter. Hopwood Financial Services Inc. now owns 120 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 60 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in American Tower in the 1st quarter worth approximately $31,000. Rosenberg Matthew Hamilton boosted its holdings in shares of American Tower by 86.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 173 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 80 shares during the period. Finally, Saudi Central Bank purchased a new position in shares of American Tower in the 1st quarter worth approximately $40,000. Institutional investors own 92.69% of the company’s stock.

Insider Buying and Selling at American Tower

In other American Tower news, CEO Juan Font sold 720 shares of the company’s stock in a transaction on 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 approximately $4,880,130.25. This represents a 2.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMT shares. Morgan Stanley dropped 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, October 16th. 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. 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. Wells Fargo & Company dropped their target price on American Tower from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Monday. Finally, Hsbc Global Res cut American Tower from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $236.75.

American Tower Price Performance

AMT opened at $192.89 on Tuesday. The business has a fifty day moving average of $196.37 and a 200 day moving average of $209.51. American Tower Corporation has a 52-week low of $172.51 and a 52-week high of $234.33. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 3.36. The stock has a market cap of $90.32 billion, a P/E ratio of 70.14, a PEG ratio of 1.16 and a beta of 0.86.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.58 billion. During the same quarter in the previous year, the business earned $2.79 EPS. 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 announced a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th were issued a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Tuesday, September 30th. American Tower’s dividend payout ratio is currently 247.27%.

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.