Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Stock Holdings in American Tower Corporation $AMT

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in shares of American Tower Corporation (NYSE:AMT) by 4.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 73,984 shares of the real estate investment trust’s stock after selling 3,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in American Tower were worth $12,989,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMT. Richards Merrill & Peterson Inc. purchased a new position in shares of American Tower during the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. raised its holdings in shares of American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 68 shares during the last quarter. Holos Integrated Wealth LLC purchased a new position in shares of American Tower during the fourth quarter valued at approximately $27,000. Triumph Capital Management purchased a new position in shares of American Tower during the third quarter valued at approximately $29,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of American Tower during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower Stock Down 0.0%

Shares of AMT stock opened at $193.88 on Friday. The stock has a market cap of $90.33 billion, a P/E ratio of 31.32, a P/E/G ratio of 0.81 and a beta of 0.90. 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 company has a 50 day simple moving average of $179.08 and a two-hundred day simple moving average of $179.58. American Tower Corporation has a 12 month low of $165.08 and a 12 month high of $234.33.

American Tower (NYSE:AMT) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the prior year, the business posted $2.75 earnings per share. The business’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. On average, research analysts expect that American Tower Corporation will post 10.67 earnings per share for the current year.

American Tower Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, June 12th. American Tower’s dividend payout ratio is currently 115.67%.

Wall Street Analyst Weigh In

AMT has been the subject of several research reports. Mizuho raised shares of American Tower from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $189.00 to $205.00 in a report on Wednesday, April 15th. Citizens Jmp reiterated a “market outperform” rating and set a $260.00 price objective on shares of American Tower in a research report on Wednesday, April 29th. Raymond James Financial reiterated a “strong-buy” rating and set a $240.00 price objective on shares of American Tower in a research report on Wednesday, April 29th. JPMorgan Chase & Co. reduced their price objective on American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, Morgan Stanley reduced their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $216.20.

Insider Buying and Selling

In other American Tower news, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction that occurred 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 transaction, the executive vice president owned 29,461 shares of the company’s stock, valued at $5,230,505.94. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur acquired 2,671 shares of American Tower stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average cost 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 of the company’s stock, valued at approximately $914,640.80. This represents a 117.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.08% of the stock is currently owned by company 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.