Moody Lynn & Lieberson LLC Grows Stake in American Tower Corporation $AMT

Moody Lynn & Lieberson LLC increased its stake in shares of American Tower Corporation (NYSE:AMT) by 148.7% in the 2nd quarter, Holdings Channel reports. The firm owned 15,155 shares of the real estate investment trust’s stock after purchasing an additional 9,061 shares during the period. Moody Lynn & Lieberson LLC’s holdings in American Tower were worth $3,350,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Blossom Wealth Management increased its position in shares of American Tower by 1.8% during the second quarter. Blossom Wealth Management now owns 2,601 shares of the real estate investment trust’s stock worth $575,000 after purchasing an additional 45 shares in the last quarter. Novem Group boosted its stake in American Tower by 3.8% during the 2nd quarter. Novem Group now owns 1,316 shares of the real estate investment trust’s stock worth $291,000 after purchasing an additional 48 shares during the last quarter. Elmwood Wealth Management Inc. grew its holdings in shares of American Tower by 2.5% during the first quarter. Elmwood Wealth Management Inc. now owns 2,087 shares of the real estate investment trust’s stock worth $454,000 after buying an additional 50 shares in the last quarter. 4J Wealth Management LLC raised its position in shares of American Tower by 4.0% in the first quarter. 4J Wealth Management LLC now owns 1,301 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 50 shares during the last quarter. Finally, TCTC Holdings LLC boosted its position in American Tower by 15.8% during the first quarter. TCTC Holdings LLC now owns 374 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 51 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Stock Performance

Shares of American Tower stock opened at $194.40 on Monday. The firm has a market cap of $91.03 billion, a PE ratio of 70.69, a price-to-earnings-growth ratio of 1.20 and a beta of 0.86. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 3.36. American Tower Corporation has a 52 week low of $172.51 and a 52 week high of $234.47. The business’s fifty day simple moving average is $205.32 and its 200-day simple moving average is $212.47.

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

American Tower Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on AMT. JPMorgan Chase & Co. increased their price objective on shares of American Tower from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of American Tower in a report on Tuesday, July 29th. BMO Capital Markets reissued an “outperform” rating and set a $245.00 price objective (down previously from $250.00) on shares of American Tower in a research note on Wednesday, July 30th. HSBC cut American Tower from a “buy” rating to a “hold” rating and set a $235.00 target price for the company. in a report on Wednesday, July 30th. Finally, Raymond James Financial set a $250.00 price target on shares of American Tower and gave the company a “strong-buy” rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $244.73.

Insider Transactions at American Tower

In other American Tower news, CEO Juan Font sold 720 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $208.33, for a total value of $149,997.60. Following the sale, the chief executive officer owned 23,425 shares of the company’s stock, valued at $4,880,130.25. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by insiders.

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.