American Tower Corporation $AMT Shares Bought by Wealth Alliance LLC

Wealth Alliance LLC lifted its holdings in American Tower Corporation (NYSE:AMT) by 163.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,109 shares of the real estate investment trust’s stock after purchasing an additional 7,514 shares during the quarter. Wealth Alliance LLC’s holdings in American Tower were worth $2,090,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of AMT. Richards Merrill & Peterson Inc. bought a new position in American Tower in the 4th quarter valued at about $25,000. Oakworth Capital Inc. raised its position 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 worth $25,000 after buying an additional 68 shares in the last quarter. Swiss RE Ltd. bought a new stake in shares of American Tower during the 4th quarter worth about $25,000. Triumph Capital Management acquired a new stake in shares of American Tower in the 3rd quarter worth approximately $29,000. Finally, Acumen Wealth Advisors LLC bought a new position in shares of American Tower in the fourth quarter valued at approximately $29,000. 92.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AMT shares. Raymond James Financial reissued a “strong-buy” rating and set a $240.00 target price on shares of American Tower in a report on Wednesday, April 29th. Scotiabank upped their price target on shares of American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Mizuho raised shares of American Tower from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $189.00 to $205.00 in a research note on Wednesday, April 15th. Finally, Barclays cut their target price on shares of 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 equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, American Tower has an average rating of “Moderate Buy” and a consensus target price of $215.57.

Insider Transactions at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 416 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total transaction of $73,856.64. Following the sale, the executive vice president directly owned 29,461 shares of the company’s stock, valued at $5,230,505.94. The trade was a 1.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 Price Performance

AMT stock opened at $166.66 on Friday. American Tower Corporation has a one year low of $160.06 and a one year high of $231.54. The firm has a 50-day moving average of $176.77 and a two-hundred day moving average of $178.35. The firm has a market capitalization of $77.65 billion, a PE ratio of 26.92, a P/E/G ratio of 0.69 and a beta of 0.91. 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 (NYSE:AMT) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, topping the consensus estimate of $1.60 by $1.24. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, analysts forecast that American Tower Corporation will post 10.66 earnings per share for the current year.

American Tower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Friday, June 12th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, June 12th. American Tower’s payout ratio is presently 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.