Capital Innovations LLC Acquires Shares of 58,925 American Tower Corporation $AMT

Capital Innovations LLC bought a new position in shares of American Tower Corporation (NYSE:AMT) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 58,925 shares of the real estate investment trust’s stock, valued at approximately $10,345,000. American Tower comprises about 2.9% of Capital Innovations LLC’s holdings, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMT. Richards Merrill & Peterson Inc. bought a new stake in shares of American Tower during the fourth quarter worth $25,000. Oakworth Capital Inc. raised its position in shares of American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 68 shares during the last quarter. Holos Integrated Wealth LLC bought a new stake in shares of American Tower during the fourth quarter worth $27,000. Triumph Capital Management bought a new stake in shares of American Tower during the third quarter worth $29,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of American Tower during the fourth quarter worth $30,000. Institutional investors own 92.69% of the company’s stock.

Insider Activity

In other American Tower news, EVP Ruth T. Dowling sold 416 shares of the stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total value of $73,856.64. Following the completion of the sale, the executive vice president directly owned 29,461 shares in the company, valued at $5,230,505.94. This represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur purchased 2,671 shares of the stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of $185.30 per share, with a total value of $494,936.30. Following the completion of the acquisition, the director directly owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. This represents a 117.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMT has been the subject of a number of recent research reports. Raymond James Financial restated a “strong-buy” rating and set a $240.00 target price on shares of American Tower in a research report on Wednesday, April 29th. UBS Group dropped their target price on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Weiss Ratings upgraded American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Scotiabank boosted their target price on American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, TD Cowen dropped their price objective on 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 issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $216.20.

American Tower Trading Down 1.1%

NYSE AMT opened at $185.44 on Wednesday. The stock has a 50-day simple moving average of $177.78 and a 200 day simple moving average of $179.38. The company has a market capitalization of $86.39 billion, a PE ratio of 29.96, a P/E/G ratio of 0.78 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. American Tower Corporation has a 12 month low of $165.08 and a 12 month high of $234.33.

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

American Tower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Friday, June 12th will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, June 12th. American Tower’s dividend payout ratio is 115.67%.

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.