American Tower Corporation (AMT) to Issue Quarterly Dividend of $1.79 on July 13th

American Tower Corporation (NYSE:AMT) announced a quarterly dividend on Thursday, May 21st. Investors of record on Friday, June 12th will be paid a dividend of 1.79 per share by the real estate investment trust on Monday, July 13th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, June 12th.

American Tower has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. American Tower has a payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect American Tower to earn $11.22 per share next year, which means the company should continue to be able to cover its $7.16 annual dividend with an expected future payout ratio of 63.8%.

American Tower Stock Down 0.0%

Shares of NYSE AMT opened at $183.77 on Friday. American Tower has a 12-month low of $165.08 and a 12-month high of $234.33. The stock has a market cap of $85.62 billion, a PE ratio of 29.69, a P/E/G ratio of 0.77 and a beta of 0.90. 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 50-day moving average of $177.40 and a 200 day moving average of $179.12.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the prior year, the company earned $2.75 EPS. American Tower’s revenue was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, sell-side analysts predict that American Tower will post 10.67 EPS for the current fiscal year.

Insider Transactions at American Tower

In related news, Director Rajesh Kalathur acquired 2,671 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were purchased at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the acquisition, the director owned 4,936 shares in the company, valued at $914,640.80. The trade was a 117.92% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ruth T. Dowling sold 556 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total transaction of $99,234.88. Following the completion of the transaction, the executive vice president owned 29,877 shares in the company, valued at approximately $5,332,446.96. This represents a 1.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 42,181 shares of company stock worth $8,046,071. 0.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Tower

Several large investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings in American Tower by 8.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,793 shares of the real estate investment trust’s stock worth $18,615,000 after buying an additional 7,872 shares in the last quarter. Krilogy Financial LLC acquired a new stake in American Tower during the 3rd quarter worth approximately $1,044,000. Machina Capital S.A.S. acquired a new stake in American Tower during the 3rd quarter worth approximately $2,871,000. Commerzbank Aktiengesellschaft FI lifted its holdings in American Tower by 92.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 61,397 shares of the real estate investment trust’s stock worth $11,808,000 after buying an additional 29,486 shares in the last quarter. Finally, National Pension Service lifted its holdings in American Tower by 2.5% during the 3rd quarter. National Pension Service now owns 1,240,270 shares of the real estate investment trust’s stock worth $238,529,000 after buying an additional 30,368 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

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.