American Tower Corporation $AMT Stock Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in American Tower Corporation (NYSE:AMT) by 4.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,415 shares of the real estate investment trust’s stock after selling 5,009 shares during the period. Nisa Investment Advisors LLC’s holdings in American Tower were worth $15,782,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. bought a new stake in American Tower during the second quarter worth approximately $7,490,943,000. Deutsche Bank AG acquired a new position in American Tower during the second quarter valued at approximately $1,096,186,000. Bank of America Corp DE bought a new position in shares of American Tower in the second quarter valued at approximately $638,829,000. Bank of New York Mellon Corp bought a new position in shares of American Tower in the second quarter valued at approximately $500,016,000. Finally, Ontario Teachers Pension Plan Board bought a new position in shares of American Tower in the second quarter valued at approximately $291,867,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Sanford C. Bernstein decreased their price objective on shares of American Tower from $214.00 to $212.00 and set an “outperform” rating for the company in a report on Tuesday. Mizuho set a $208.00 target price on shares of American Tower in a research note on Thursday, August 20th. The Goldman Sachs Group set a $210.00 target price on shares of American Tower in a report on Tuesday, July 28th. BMO Capital Markets lifted their target price on shares of American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. Finally, Barclays boosted their target price on shares of American Tower from $198.00 to $199.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $214.90.

American Tower Price Performance

Shares of NYSE:AMT opened at $177.45 on Thursday. The business has a 50 day moving average price of $174.27 and a 200 day moving average price of $175.58. American Tower Corporation has a twelve month low of $160.06 and a twelve month high of $196.08. The company has a market cap of $82.69 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 2.95 and a beta of 0.88. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $1.14. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Research analysts predict that American Tower Corporation will post 10.80 earnings per share for the current year.

American Tower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Wednesday, September 30th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Wednesday, September 30th. American Tower’s dividend payout ratio is currently 98.49%.

Insider Activity

In other American Tower news, CFO Robert Joseph Meyer sold 5,000 shares of the stock in a transaction 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 directly owned 21,428 shares of the company’s stock, valued at $3,833,254.92. This represents a 18.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Rajesh Kalathur purchased 2,829 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was bought at an average price of $177.00 per share, for a total transaction of $500,733.00. Following the completion of the transaction, the director directly owned 7,765 shares in the company, valued at approximately $1,374,405. The trade was a 57.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders sold 6,791 shares of company stock valued at $1,204,091. 0.08% of the stock is owned by company insiders.

American Tower Company Profile

American Tower Corporation (NYSE:AMT) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications.

The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations.