Swiss National Bank Decreases Stake in American Tower Corporation $AMT

Swiss National Bank trimmed its holdings in shares of American Tower Corporation (NYSE:AMT) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,349,500 shares of the real estate investment trust’s stock after selling 67,600 shares during the quarter. Swiss National Bank owned 0.29% of American Tower worth $259,536,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of AMT. WINTON GROUP Ltd grew its position in shares of American Tower by 150.4% during the third quarter. WINTON GROUP Ltd now owns 34,200 shares of the real estate investment trust’s stock worth $6,577,000 after buying an additional 20,544 shares in the last quarter. LGT Group Foundation raised its stake in shares of American Tower by 27.8% in the 3rd quarter. LGT Group Foundation now owns 75,950 shares of the real estate investment trust’s stock valued at $14,683,000 after purchasing an additional 16,518 shares in the last quarter. SMH Capital Advisors Inc. acquired a new position in American Tower in the third quarter worth about $215,000. Navalign LLC raised its stake in American Tower by 2.7% during the third quarter. Navalign LLC now owns 4,746 shares of the real estate investment trust’s stock valued at $913,000 after buying an additional 126 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of American Tower by 10.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 900,077 shares of the real estate investment trust’s stock worth $173,473,000 after acquiring an additional 82,859 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Activity at American Tower

In other American Tower news, COO Eugene M. Noel sold 41,209 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the sale, the chief operating officer directly owned 29,592 shares in the company, valued at approximately $5,653,551.60. The trade was a 58.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

American Tower Trading Down 1.1%

Shares of AMT stock opened at $186.45 on Tuesday. American Tower Corporation has a 1 year low of $166.88 and a 1 year high of $234.33. The firm has a market capitalization of $86.90 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 0.79 and a beta of 0.92. The stock has a fifty day moving average of $180.81 and a two-hundred day moving average of $184.66. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.60 and a current ratio of 0.60.

American Tower (NYSE:AMT) last issued its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.79). American Tower had a net margin of 23.76% and a return on equity of 24.36%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period last year, the business posted $2.62 earnings per share. American Tower’s revenue for the quarter was up 7.5% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. As a group, research analysts expect that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio is 126.16%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMT. Royal Bank Of Canada reduced their price target on shares of American Tower from $220.00 to $195.00 and set a “sector perform” rating on the stock in a research report on Monday, January 12th. Morgan Stanley dropped their target price on American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. UBS Group lowered their price target on shares of American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Scotiabank cut their price objective on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, February 25th. Finally, Sanford C. Bernstein started coverage on shares of American Tower in a research note on Thursday, March 5th. They set a “market perform” rating and a $205.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $217.35.

American Tower 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.