Intact Investment Management Inc. Acquires 3,700 Shares of American Tower Corporation $AMT

Intact Investment Management Inc. increased its holdings in American Tower Corporation (NYSE:AMT) by 21.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,200 shares of the real estate investment trust’s stock after acquiring an additional 3,700 shares during the quarter. Intact Investment Management Inc.’s holdings in American Tower were worth $3,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Personal CFO Solutions LLC boosted its holdings in shares of American Tower by 3.5% during the 4th quarter. Personal CFO Solutions LLC now owns 1,667 shares of the real estate investment trust’s stock valued at $293,000 after acquiring an additional 57 shares during the last quarter. Pines Wealth Management LLC boosted its holdings in shares of American Tower by 4.1% during the 3rd quarter. Pines Wealth Management LLC now owns 1,488 shares of the real estate investment trust’s stock valued at $286,000 after acquiring an additional 58 shares during the last quarter. Pasadena Private Wealth LLC boosted its holdings in shares of American Tower by 4.0% during the 3rd quarter. Pasadena Private Wealth LLC now owns 1,544 shares of the real estate investment trust’s stock valued at $297,000 after acquiring an additional 60 shares during the last quarter. Conscious Wealth Investments LLC boosted its holdings in shares of American Tower by 0.5% during the 3rd quarter. Conscious Wealth Investments LLC now owns 11,852 shares of the real estate investment trust’s stock valued at $2,121,000 after acquiring an additional 60 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC boosted its holdings in shares of American Tower by 19.9% during the 3rd quarter. Dynamic Wealth Strategies LLC now owns 367 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 61 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other American Tower news, EVP Ruth T. Dowling sold 416 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total transaction of $73,856.64. Following the sale, the executive vice president owned 29,461 shares in the company, valued at approximately $5,230,505.94. This trade represents a 1.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Eugene M. Noel sold 41,209 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the sale, the chief operating officer owned 29,592 shares in the company, valued at approximately $5,653,551.60. The trade was a 58.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 42,181 shares of company stock worth $8,046,071. Company insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. BMO Capital Markets raised their price target on shares of American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a report on Wednesday, February 25th. Morgan Stanley dropped their price target on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Scotiabank raised their price target on shares of American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Truist Financial raised their price target on shares of American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, TD Cowen dropped their price objective on shares of American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $218.05.

American Tower Stock Performance

AMT opened at $180.92 on Tuesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. The company has a market cap of $84.32 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 0.76 and a beta of 0.90. The company’s 50 day moving average is $180.04 and its 200 day moving average is $179.99. American Tower Corporation has a 12-month low of $165.08 and a 12-month high of $234.33.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, equities research analysts predict that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th were paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio (DPR) is 115.67%.

About American Tower

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.