American Tower Corporation $AMT Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in American Tower Corporation (NYSE:AMT) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,058 shares of the real estate investment trust’s stock after selling 3,297 shares during the quarter. Thrivent Financial for Lutherans’ holdings in American Tower were worth $17,918,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of American Tower by 8.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,793 shares of the real estate investment trust’s stock valued at $18,615,000 after acquiring an additional 7,872 shares during the last quarter. Krilogy Financial LLC purchased a new stake in American Tower during the third quarter worth approximately $1,044,000. Machina Capital S.A.S. acquired a new position in American Tower in the third quarter valued at approximately $2,871,000. Commerzbank Aktiengesellschaft FI boosted its holdings in American Tower by 92.4% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 61,397 shares of the real estate investment trust’s stock valued at $11,808,000 after purchasing an additional 29,486 shares in the last quarter. Finally, National Pension Service increased its stake in American Tower by 2.5% in the third quarter. National Pension Service now owns 1,240,270 shares of the real estate investment trust’s stock valued at $238,529,000 after purchasing an additional 30,368 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMT has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. dropped their target price on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Citizens Jmp reiterated a “market outperform” rating and set a $260.00 price target on shares of American Tower in a research note on Wednesday, April 29th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $195.00 price target on shares of American Tower in a research report on Thursday, April 30th. Finally, Sanford C. Bernstein upped their price objective on shares of American Tower from $205.00 to $207.00 and gave the company a “market perform” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, American Tower currently has an average rating of “Moderate Buy” and an average price target of $216.20.

American Tower Stock Up 3.9%

Shares of NYSE:AMT opened at $177.34 on Tuesday. 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 market capitalization of $82.62 billion, a P/E ratio of 28.65, a P/E/G ratio of 0.71 and a beta of 0.90. American Tower Corporation has a 52-week low of $165.08 and a 52-week high of $234.33. The stock’s fifty day simple moving average is $177.60 and its 200-day simple moving average is $179.00.

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

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 4.0%. This is a positive change from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date of this dividend was Tuesday, April 14th. American Tower’s dividend payout ratio is 115.67%.

Insider Buying and Selling at American Tower

In related news, EVP Ruth T. Dowling sold 416 shares of the stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total value of $73,856.64. Following the completion of the transaction, the executive vice president owned 29,461 shares of the company’s stock, valued at approximately $5,230,505.94. This represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur bought 2,671 shares of American Tower stock in a transaction dated Tuesday, March 10th. The shares were acquired at an average price of $185.30 per share, with a total value of $494,936.30. Following the completion of the purchase, the director owned 4,936 shares in the company, valued at approximately $914,640.80. The trade was a 117.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 42,181 shares of company stock valued at $8,046,071 over the last 90 days. 0.08% of the stock is owned by corporate insiders.

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.