871 Shares in American Tower Corporation $AMT Bought by Strategic Investment Solutions Inc. IL

Strategic Investment Solutions Inc. IL bought a new stake in American Tower Corporation (NYSE:AMT) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 871 shares of the real estate investment trust’s stock, valued at approximately $193,000.

Other institutional investors also recently modified their holdings of the company. Elmwood Wealth Management Inc. lifted its stake in shares of American Tower by 2.5% in the first quarter. Elmwood Wealth Management Inc. now owns 2,087 shares of the real estate investment trust’s stock valued at $454,000 after buying an additional 50 shares in the last quarter. 4J Wealth Management LLC raised its holdings in shares of American Tower by 4.0% in the 1st quarter. 4J Wealth Management LLC now owns 1,301 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 50 shares during the last quarter. TCTC Holdings LLC lifted its position in American Tower by 15.8% in the 1st quarter. TCTC Holdings LLC now owns 374 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 51 shares in the last quarter. Coyle Financial Counsel LLC boosted its stake in American Tower by 2.4% during the 1st quarter. Coyle Financial Counsel LLC now owns 2,238 shares of the real estate investment trust’s stock valued at $487,000 after purchasing an additional 53 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. increased its holdings in American Tower by 2.9% during the 1st quarter. Fortitude Advisory Group L.L.C. now owns 1,907 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 54 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Juan Font sold 720 shares of the company’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $208.33, for a total transaction of $149,997.60. Following the transaction, the chief executive officer owned 23,425 shares of the company’s stock, valued at $4,880,130.25. This represents a 2.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMT. UBS Group lifted their target price on American Tower from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Wells Fargo & Company cut their price objective on shares of American Tower from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Barclays increased their target price on shares of American Tower from $246.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, August 18th. HSBC lowered shares of American Tower from a “buy” rating to a “hold” rating and set a $235.00 price target on the stock. in a research report on Wednesday, July 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $245.00 price objective (down from $250.00) on shares of American Tower in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, American Tower currently has an average rating of “Moderate Buy” and a consensus target price of $244.73.

American Tower Stock Performance

NYSE AMT opened at $193.79 on Friday. The company has a market capitalization of $90.74 billion, a PE ratio of 70.47, a price-to-earnings-growth ratio of 1.19 and a beta of 0.86. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.95 and a current ratio of 0.95. American Tower Corporation has a 52-week low of $172.51 and a 52-week high of $234.47. The company has a 50-day simple moving average of $205.93 and a 200 day simple moving average of $212.51.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. American Tower had a net margin of 12.60% and a return on equity of 24.85%. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the previous year, the company earned $2.79 earnings per share. The company’s quarterly revenue was down 9.4% on a year-over-year basis. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. On average, research analysts predict that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th will be given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 30th. American Tower’s dividend payout ratio (DPR) is currently 247.27%.

American Tower Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.