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

Moody Lynn & Lieberson LLC cut its stake in shares of American Tower Corporation (NYSE:AMT) by 73.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,035 shares of the real estate investment trust’s stock after selling 11,120 shares during the period. Moody Lynn & Lieberson LLC’s holdings in American Tower were worth $776,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMT. Abound Wealth Management grew its stake in shares of American Tower by 137.3% during the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 81 shares during the period. Legacy Investment Solutions LLC purchased a new position in American Tower during the second quarter valued at approximately $31,000. VSM Wealth Advisory LLC boosted its position in shares of American Tower by 136.4% in the second quarter. VSM Wealth Advisory LLC now owns 156 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 90 shares during the period. Rosenberg Matthew Hamilton increased its stake in shares of American Tower by 86.0% in the second quarter. Rosenberg Matthew Hamilton now owns 173 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 80 shares in the last quarter. Finally, Winnow Wealth LLC bought a new stake in shares of American Tower during the 2nd quarter valued at $44,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower Stock Performance

NYSE AMT opened at $176.69 on Wednesday. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.89 and a quick ratio of 0.89. American Tower Corporation has a 1-year low of $170.77 and a 1-year high of $234.33. The business has a 50 day simple moving average of $179.89 and a two-hundred day simple moving average of $197.07. The stock has a market capitalization of $82.72 billion, a PE ratio of 28.23, a P/E/G ratio of 0.70 and a beta of 0.91.

American Tower (NYSE:AMT) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.14. American Tower had a return on equity of 28.79% and a net margin of 28.11%.The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the company earned $2.52 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. On average, research analysts predict that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, December 29th will be issued a $1.70 dividend. The ex-dividend date is Monday, December 29th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.8%. American Tower’s payout ratio is 108.63%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AMT shares. JPMorgan Chase & Co. dropped their target price on shares of American Tower from $255.00 to $250.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. The Goldman Sachs Group dropped their price objective on American Tower from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of American Tower in a research note on Monday. Morgan Stanley dropped their price target on American Tower from $255.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, December 4th. Finally, UBS Group reaffirmed a “buy” rating on shares of American Tower in a report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $226.67.

Insider Activity

In other news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total value of $159,631,314.75. Following the completion of the sale, the insider directly owned 211,379 shares of the company’s stock, valued at $14,743,685.25. This trade represents a 91.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eugene F. Reilly bought 5,554 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was bought at an average price of $178.99 per share, with a total value of $994,110.46. Following the acquisition, the director owned 5,689 shares in the company, valued at approximately $1,018,274.11. This trade represents a 4,114.07% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.18% of the stock is currently owned by corporate insiders.

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.