Erste Asset Management GmbH Has $7.01 Million Stake in American Tower Corporation $AMT

Erste Asset Management GmbH decreased its stake in shares of American Tower Corporation (NYSE:AMT) by 37.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 39,876 shares of the real estate investment trust’s stock after selling 24,054 shares during the period. Erste Asset Management GmbH’s holdings in American Tower were worth $7,012,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Oakworth Capital Inc. increased its holdings in shares of American Tower by 90.7% during the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 68 shares during the last quarter. Richards Merrill & Peterson Inc. acquired a new position in shares of American Tower during the 4th quarter valued at about $25,000. Triumph Capital Management acquired a new position in shares of American Tower during the 3rd quarter valued at about $29,000. Holos Integrated Wealth LLC acquired a new position in shares of American Tower during the 4th quarter valued at about $27,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of American Tower during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Buying and Selling at American Tower

In other news, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction that occurred on Wednesday, April 29th. The stock was 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 of the company’s stock, valued at approximately $5,230,505.94. This trade represents a 1.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AMT shares. Truist Financial increased their price objective on American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Barclays lowered their target price on American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Weiss Ratings raised American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. JPMorgan Chase & Co. lowered their target price on American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Morgan Stanley lowered their target price on American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, American Tower presently has an average rating of “Moderate Buy” and a consensus price target of $216.20.

American Tower Stock Performance

AMT opened at $189.09 on Tuesday. The firm has a market capitalization of $88.09 billion, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 0.81 and a beta of 0.90. The stock’s 50 day moving average price is $179.49 and its two-hundred day moving average price is $179.63. The company has a quick ratio of 0.43, a current 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 earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, equities analysts forecast that American Tower Corporation will post 10.67 earnings per share for the current year.

American Tower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, June 12th. American Tower’s dividend payout ratio (DPR) is presently 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.