Dana Investment Advisors Inc. Has $18.33 Million Position in American Tower Corporation $AMT

Dana Investment Advisors Inc. increased its position in American Tower Corporation (NYSE:AMT) by 727.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 104,408 shares of the real estate investment trust’s stock after acquiring an additional 91,789 shares during the period. Dana Investment Advisors Inc.’s holdings in American Tower were worth $18,331,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in American Tower by 1.0% in the third quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust’s stock worth $12,239,277,000 after buying an additional 611,801 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in American Tower by 20,721.6% in the fourth 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 buying an additional 9,666,025 shares during the last quarter. Invesco Ltd. boosted its position in American Tower by 3.1% during the third quarter. Invesco Ltd. now owns 6,888,633 shares of the real estate investment trust’s stock worth $1,324,822,000 after purchasing an additional 208,109 shares during the period. Principal Financial Group Inc. boosted its position in American Tower by 1.0% during the fourth quarter. Principal Financial Group Inc. now owns 6,038,061 shares of the real estate investment trust’s stock worth $1,060,103,000 after purchasing an additional 57,545 shares during the period. Finally, Capital Research Global Investors boosted its position in American Tower by 0.3% during the third quarter. Capital Research Global Investors now owns 4,924,771 shares of the real estate investment trust’s stock worth $947,132,000 after purchasing an additional 15,145 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Stock Performance

Shares of NYSE AMT opened at $170.74 on Friday. The business has a fifty day simple moving average of $177.80 and a 200 day simple moving average of $179.11. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. The firm has a market capitalization of $79.54 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 0.71 and a beta of 0.90. American Tower Corporation has a one year low of $165.08 and a one year high of $234.33.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.American Tower’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Sell-side analysts expect that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th were paid a $1.79 dividend. The ex-dividend date was Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.2%. American Tower’s dividend payout ratio is currently 115.67%.

Insider Activity at American Tower

In related news, Director Rajesh Kalathur acquired 2,671 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was purchased at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the purchase, the director directly owned 4,936 shares of the company’s stock, valued at $914,640.80. The trade was a 117.92% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ruth T. Dowling sold 556 shares of the stock in a transaction 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 transaction, the executive vice president owned 29,877 shares of the company’s stock, valued at $5,332,446.96. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 42,181 shares of company stock worth $8,046,071. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on AMT. Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $189.00 to $205.00 in a research report on Wednesday, April 15th. Morgan Stanley decreased their target price on American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $240.00 target price on shares of American Tower in a research report on Wednesday, April 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $195.00 target price on shares of American Tower in a research report on Thursday, April 30th. Finally, UBS Group decreased their target price on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $218.05.

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.