GS Investments Inc. Sells 4,585 Shares of American Tower Corporation $AMT

GS Investments Inc. trimmed its stake in shares of American Tower Corporation (NYSE:AMT) by 96.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 188 shares of the real estate investment trust’s stock after selling 4,585 shares during the period. GS Investments Inc.’s holdings in American Tower were worth $32,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Richards Merrill & Peterson Inc. bought a new position in American Tower during the 4th quarter worth about $25,000. Oakworth Capital Inc. raised its stake in shares of American Tower by 90.7% in the 4th 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 period. Swiss RE Ltd. bought a new stake in shares of American Tower in the fourth quarter valued at about $25,000. Holos Integrated Wealth LLC bought a new stake in shares of American Tower in the fourth quarter valued at about $27,000. Finally, Triumph Capital Management acquired a new position in shares of American Tower during the third quarter worth about $29,000. 92.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMT has been the subject of a number of research reports. Scotiabank increased their price objective on American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Citizens Jmp restated a “market outperform” rating and issued a $260.00 target price on shares of American Tower in a research note on Wednesday, April 29th. Royal Bank Of Canada raised American Tower from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $195.00 to $205.00 in a research report on Friday, June 26th. Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Finally, Sanford C. Bernstein raised shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price objective on the stock in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, American Tower currently has a consensus rating of “Moderate Buy” and an average price target of $215.57.

Insider Activity

In other news, EVP Ruth T. Dowling sold 416 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total value of $73,856.64. Following the completion of the sale, the executive vice president owned 29,461 shares of the company’s stock, valued at approximately $5,230,505.94. This represents a 1.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by corporate insiders.

American Tower Price Performance

Shares of NYSE AMT opened at $170.13 on Friday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. The business has a 50-day moving average of $177.64 and a 200-day moving average of $178.70. The stock has a market capitalization of $79.26 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 0.71 and a beta of 0.91. American Tower Corporation has a fifty-two week low of $160.06 and a fifty-two week high of $234.33.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the company posted $2.75 earnings per share. American Tower’s 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. As a group, sell-side analysts predict that American Tower Corporation will post 10.66 earnings per share for the current fiscal year.

American Tower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Friday, June 12th were paid a dividend of $1.79 per share. The ex-dividend date was Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.2%. American Tower’s dividend payout ratio is currently 115.67%.

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.