American Tower Corporation $AMT Position Boosted by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC lifted its holdings in shares of American Tower Corporation (NYSE:AMT) by 22.9% in the first quarter, Holdings Channel.com reports. The fund owned 648,257 shares of the real estate investment trust’s stock after purchasing an additional 120,641 shares during the period. American Tower comprises approximately 4.4% of Lasalle Investment Management Securities LLC’s portfolio, making the stock its 5th largest holding. Lasalle Investment Management Securities LLC’s holdings in American Tower were worth $111,876,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Riverwater Partners LLC increased its position in American Tower by 3.8% during the 4th quarter. Riverwater Partners LLC now owns 1,536 shares of the real estate investment trust’s stock valued at $270,000 after purchasing an additional 56 shares during the period. Triumph Capital Management lifted its position in shares of American Tower by 37.3% in the 4th quarter. Triumph Capital Management now owns 206 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 56 shares during the period. Personal CFO Solutions LLC lifted its position in shares of American Tower by 3.5% in the 4th quarter. Personal CFO Solutions LLC now owns 1,667 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 57 shares during the period. Twin City Private Wealth LLC boosted its stake in shares of American Tower by 0.7% during the 4th quarter. Twin City Private Wealth LLC now owns 7,799 shares of the real estate investment trust’s stock valued at $1,382,000 after purchasing an additional 58 shares in the last quarter. Finally, Asset Advisory Group Inc. boosted its stake in shares of American Tower by 3.0% during the 1st quarter. Asset Advisory Group Inc. now owns 2,072 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada raised shares of American Tower from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $195.00 to $205.00 in a research note on Friday, June 26th. Truist Financial lifted their price objective on American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. The Goldman Sachs Group initiated coverage on American Tower in a research report on Friday, June 26th. They issued a “buy” rating and a $215.00 target price for the company. Finally, Barclays lowered their target price on American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $215.57.

Insider Activity

In other news, EVP Ruth T. Dowling sold 556 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total value of $99,234.88. Following the sale, the executive vice president directly owned 29,877 shares of the company’s stock, valued at $5,332,446.96. The trade was a 1.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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.

American Tower Stock Up 1.7%

Shares of American Tower stock opened at $166.24 on Thursday. 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 moving average of $176.97 and a 200 day moving average of $178.50. The firm has a market cap of $77.45 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 0.68 and a beta of 0.91. American Tower Corporation has a 1 year low of $160.06 and a 1 year high of $234.33.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping the consensus estimate of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the previous year, the firm posted $2.75 earnings per share. American Tower’s quarterly revenue was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, sell-side analysts anticipate that American Tower Corporation will post 10.66 earnings per share for the current fiscal year.

American Tower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Friday, June 12th were issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was 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.