Sanctuary Advisors LLC Buys 11,418 Shares of American Tower Corporation $AMT

Sanctuary Advisors LLC increased its stake in American Tower Corporation (NYSE:AMT) by 23.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,932 shares of the real estate investment trust’s stock after buying an additional 11,418 shares during the period. Sanctuary Advisors LLC’s holdings in American Tower were worth $10,516,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. bought a new stake in American Tower in the fourth quarter worth $25,000. Oakworth Capital Inc. increased its holdings 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 valued at $25,000 after acquiring an additional 68 shares in the last quarter. Swiss RE Ltd. purchased a new position in shares of American Tower in the 4th quarter worth about $25,000. Holos Integrated Wealth LLC bought a new position in American Tower in the 4th quarter worth about $27,000. Finally, Triumph Capital Management bought a new position in American Tower in the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Insider Activity at American Tower

In related news, EVP Ruth T. Dowling sold 416 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president owned 29,461 shares in the company, valued at approximately $5,230,505.94. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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. 0.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Sanford C. Bernstein upgraded shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price objective for the company in a research note on Tuesday, May 19th. Wolfe Research upgraded shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price target on the stock in a report on Wednesday, July 8th. Truist Financial boosted their price objective on shares of American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $189.00 to $205.00 in a research report on Wednesday, April 15th. Finally, Barclays cut their target price on American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, American Tower presently has a consensus rating of “Moderate Buy” and an average target price of $215.57.

American Tower Stock Performance

Shares of AMT stock opened at $170.13 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. The company has a 50 day moving average price of $177.64 and a 200-day moving average price of $178.70. American Tower Corporation has a 52 week low of $160.06 and a 52 week high of $234.33. The firm has a market capitalization of $79.26 billion, a PE ratio of 27.48, a P/E/G ratio of 0.71 and a beta of 0.91.

American Tower (NYSE:AMT) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the prior year, the firm earned $2.75 earnings per share. The firm’s revenue for the quarter 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, equities research analysts expect that American Tower Corporation will post 10.66 earnings per share for the current year.

American Tower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Friday, June 12th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, June 12th. American Tower’s dividend payout ratio (DPR) is 115.67%.

American Tower Company 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.