M. Kulyk & Associates LLC Buys New Holdings in American Tower Corporation $AMT

M. Kulyk & Associates LLC purchased a new position in American Tower Corporation (NYSE:AMT) in the second quarter, Holdings Channel reports. The fund purchased 27,775 shares of the real estate investment trust’s stock, valued at approximately $4,543,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMT. Richards Merrill & Peterson Inc. acquired a new stake in shares of American Tower in the 4th quarter valued at $25,000. Oakworth Capital Inc. lifted its position in shares of American Tower by 90.7% during the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 68 shares during the last quarter. Swiss RE Ltd. acquired a new position in shares of American Tower during the fourth quarter worth $25,000. Allied Private Wealth LLC purchased a new position in American Tower in the second quarter valued at $29,000. Finally, Triumph Capital Management purchased a new position in American Tower in the third quarter valued at $29,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMT. Royal Bank Of Canada raised American Tower from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $195.00 to $205.00 in a report on Friday, June 26th. The Goldman Sachs Group set a $210.00 price objective on American Tower in a report on Tuesday, July 28th. TD Cowen raised their target price on American Tower from $225.00 to $227.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Wolfe Research upgraded American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 target price for the company in a research note on Wednesday, July 8th. Finally, BMO Capital Markets upped their price target on American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, American Tower currently has an average rating of “Moderate Buy” and an average target price of $215.14.

American Tower Price Performance

Shares of AMT opened at $172.45 on Wednesday. American Tower Corporation has a 1-year low of $160.06 and a 1-year high of $214.79. The stock has a market cap of $80.35 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 2.79 and a beta of 0.90. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a fifty day moving average price of $172.11 and a 200 day moving average price of $177.84.

American Tower (NYSE:AMT) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $1.14. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the company posted $2.60 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, sell-side analysts anticipate that American Tower Corporation will post 10.78 EPS for the current year.

American Tower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Friday, June 12th were given a $1.79 dividend. The ex-dividend date of this dividend 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 98.49%.

Insider Buying and Selling

In related news, EVP Ruth T. Dowling sold 1,106 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total transaction of $193,505.76. Following the transaction, the executive vice president owned 27,711 shares in the company, valued at $4,848,316.56. This trade represents a 3.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Joseph Meyer sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $178.89, for a total value of $894,450.00. Following the completion of the sale, the chief financial officer owned 21,428 shares of the company’s stock, valued at approximately $3,833,254.92. This represents a 18.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,791 shares of company stock worth $1,204,091 in the last 90 days. 0.08% of the stock is currently owned by company insiders.

American Tower Company 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.