O Shaughnessy Asset Management LLC Trims Stock Holdings in American Tower Corporation $AMT

O Shaughnessy Asset Management LLC lowered its holdings in American Tower Corporation (NYSE:AMT) by 28.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 77,553 shares of the real estate investment trust’s stock after selling 30,091 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in American Tower were worth $13,616,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of AMT. Manchester Capital Management LLC boosted its holdings in American Tower by 5.4% in the 4th quarter. Manchester Capital Management LLC now owns 1,828 shares of the real estate investment trust’s stock worth $321,000 after buying an additional 94 shares during the period. Hilton Head Capital Partners LLC bought a new stake in American Tower during the 4th quarter valued at $49,000. CNB Bank lifted its position in shares of American Tower by 5.9% during the fourth quarter. CNB Bank now owns 3,709 shares of the real estate investment trust’s stock worth $651,000 after acquiring an additional 206 shares in the last quarter. Palladiem LLC purchased a new stake in shares of American Tower during the fourth quarter worth $60,000. Finally, Syon Capital LLC boosted its holdings in shares of American Tower by 4.1% in the fourth quarter. Syon Capital LLC now owns 3,594 shares of the real estate investment trust’s stock worth $631,000 after acquiring an additional 143 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total transaction of $73,856.64. Following the completion of the sale, the executive vice president owned 29,461 shares of the company’s stock, valued at $5,230,505.94. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by company insiders.

American Tower Trading Up 0.8%

Shares of American Tower stock opened at $190.67 on Wednesday. American Tower Corporation has a 1 year low of $165.08 and a 1 year high of $234.33. The firm has a market cap of $88.83 billion, a PE ratio of 30.80, a PEG ratio of 0.79 and a beta of 0.90. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. The company has a 50 day simple moving average of $179.90 and a two-hundred day simple moving average of $179.70.

American Tower (NYSE:AMT) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping 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 net margin of 26.81% and a return on equity of 27.79%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Analysts expect that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Friday, June 12th will be given a dividend of $1.79 per share. The ex-dividend date is Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a yield of 3.8%. American Tower’s dividend payout ratio (DPR) is presently 115.67%.

Analysts Set New Price Targets

AMT has been the topic of a number of analyst reports. Mizuho upgraded American Tower from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $189.00 to $205.00 in a research note on Wednesday, April 15th. Barclays reduced their target price on American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Citizens Jmp reiterated a “market outperform” rating and set a $260.00 price target on shares of American Tower in a research report on Wednesday, April 29th. TD Cowen lowered their price target on shares of American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $240.00 price objective on shares of American Tower in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $216.20.

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.