American Tower Corporation $AMT Stock Holdings Lessened by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of American Tower Corporation (NYSE:AMT) by 7.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 5,811,041 shares of the real estate investment trust’s stock after selling 472,089 shares during the quarter. Dimensional Fund Advisors LP’s holdings in American Tower were worth $1,002,830,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. J. Stern & Co. LLP lifted its holdings in shares of American Tower by 28,121.1% during the fourth quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust’s stock valued at $6,616,703,000 after purchasing an additional 37,553,436 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in American Tower by 20,721.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock worth $1,705,254,000 after purchasing an additional 9,666,025 shares in the last quarter. Norges Bank acquired a new stake in American Tower during the 4th quarter worth about $1,171,180,000. Lazard Asset Management LLC raised its holdings in American Tower by 1,984.8% during the 3rd quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock worth $858,552,000 after buying an additional 4,250,242 shares during the period. Finally, Capital International Investors lifted its stake in American Tower by 157.0% during the fourth quarter. Capital International Investors now owns 3,871,368 shares of the real estate investment trust’s stock valued at $679,696,000 after buying an additional 2,364,898 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American Tower news, EVP Ruth T. Dowling sold 556 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total value of $99,234.88. Following the completion of the sale, the executive vice president owned 29,877 shares in the company, valued at $5,332,446.96. This represents a 1.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.08% of the company’s stock.

American Tower Trading Up 0.0%

Shares of NYSE AMT opened at $170.13 on Monday. 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 one year low of $160.06 and a one year high of $234.33. The business has a 50-day moving average price of $177.64 and a two-hundred day moving average price of $178.72. The firm has a market capitalization of $79.26 billion, a PE ratio of 27.48, a PEG ratio of 0.71 and a beta of 0.91.

American Tower (NYSE:AMT) last issued its earnings results 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. The company had revenue of $2.74 billion for 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 quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, analysts predict that American Tower Corporation will post 10.66 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Friday, June 12th were paid a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, June 12th. American Tower’s dividend payout ratio is currently 115.67%.

Analysts Set New Price Targets

Several brokerages have commented on AMT. Raymond James Financial reiterated a “strong-buy” rating and issued a $240.00 target price on shares of American Tower in a report on Wednesday, April 29th. Royal Bank Of Canada upgraded shares of American Tower from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $195.00 to $205.00 in a report on Friday, June 26th. Mizuho upgraded shares of American Tower from a “neutral” rating to an “outperform” rating and upped their price target for the company from $189.00 to $205.00 in a research report on Wednesday, April 15th. Truist Financial raised their price objective on shares of American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Sanford C. Bernstein upgraded shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price objective on the stock in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, American Tower presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.57.

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.