TD Waterhouse Canada Inc. Acquires 5,128 Shares of American Tower Corporation $AMT

TD Waterhouse Canada Inc. boosted its position in American Tower Corporation (NYSE:AMT) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,674 shares of the real estate investment trust’s stock after buying an additional 5,128 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in American Tower were worth $11,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Triumph Capital Management purchased a new position in shares of American Tower during the third quarter valued at approximately $29,000. Holos Integrated Wealth LLC purchased a new stake in American Tower in the fourth quarter worth $27,000. Root Financial Partners LLC purchased a new stake in American Tower in the third quarter worth $32,000. Westside Investment Management Inc. boosted its holdings in American Tower by 103.6% in the third quarter. Westside Investment Management Inc. now owns 169 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 86 shares in the last quarter. Finally, Physician Wealth Advisors Inc. increased its position in American Tower by 85.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 171 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 79 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada dropped their target price on shares of American Tower from $220.00 to $195.00 and set a “sector perform” rating for the company in a research report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of American Tower in a report on Monday, December 29th. Sanford C. Bernstein assumed coverage on American Tower in a report on Thursday, March 5th. They set a “market perform” rating and a $205.00 price target for the company. The Goldman Sachs Group dropped their price target on shares of American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. cut their price target on shares of American Tower from $250.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, American Tower has a consensus rating of “Moderate Buy” and a consensus price target of $217.33.

Insider Buying and Selling

In other American Tower news, Director Rajesh Kalathur bought 2,671 shares of American Tower stock in a transaction on Tuesday, March 10th. The stock was acquired at an average cost of $185.30 per share, with a total value of $494,936.30. Following the completion of the acquisition, the director owned 4,936 shares in the company, valued at approximately $914,640.80. This represents a 117.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Eugene M. Noel sold 41,209 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the sale, the chief operating officer directly owned 29,592 shares of the company’s stock, valued at approximately $5,653,551.60. The trade was a 58.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.18% of the stock is currently owned by corporate insiders.

American Tower Stock Down 0.5%

Shares of American Tower stock opened at $181.52 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27. American Tower Corporation has a twelve month low of $165.08 and a twelve month high of $234.33. The company has a market cap of $84.60 billion, a price-to-earnings ratio of 33.68, a price-to-earnings-growth ratio of 0.77 and a beta of 0.92. The company’s 50 day moving average is $181.49 and its 200 day moving average is $180.45.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share for the quarter, missing the consensus estimate of $2.54 by ($0.79). The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.69 billion. American Tower had a net margin of 23.76% and a return on equity of 24.36%. American Tower’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.62 earnings per share. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Research analysts anticipate that American Tower Corporation will post 10.59 EPS for the current year.

American Tower Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be issued a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.9%. American Tower’s payout ratio is 132.84%.

American Tower 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.