American Tower Corporation $AMT Shares Purchased by Fieldview Capital Management LLC

Fieldview Capital Management LLC increased its holdings in shares of American Tower Corporation (NYSE:AMT) by 134.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,029 shares of the real estate investment trust’s stock after acquiring an additional 4,609 shares during the quarter. Fieldview Capital Management LLC’s holdings in American Tower were worth $1,410,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. acquired a new position in American Tower during the fourth quarter worth about $25,000. Oakworth Capital Inc. boosted its holdings in 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 last quarter. Swiss RE Ltd. acquired a new position in American Tower in the 4th quarter valued at about $25,000. Holos Integrated Wealth LLC acquired a new position in American Tower in the 4th quarter valued at about $27,000. Finally, Triumph Capital Management acquired a new position in American Tower in the 3rd quarter valued at about $29,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Price Performance

American Tower stock opened at $187.20 on Monday. The company’s 50 day simple moving average is $181.01 and its 200-day simple moving average is $179.92. The company has a market capitalization of $87.22 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 0.78 and a beta of 0.90. American Tower Corporation has a 1 year low of $165.08 and a 1 year high of $234.33. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, equities research analysts expect that American Tower Corporation will post 10.67 earnings per share for the current year.

American Tower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be issued a $1.79 dividend. The ex-dividend date is Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.8%. American Tower’s payout ratio is 115.67%.

Analyst Upgrades and Downgrades

AMT has been the topic of several recent analyst reports. Morgan Stanley decreased their target price on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. JPMorgan Chase & Co. decreased their target price on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Truist Financial boosted their target price on shares of American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Citizens Jmp reiterated a “market outperform” rating and issued a $260.00 target price on shares of American Tower in a report on Wednesday, April 29th. Finally, TD Cowen decreased their target price on shares of American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $216.20.

Insider Buying and Selling at American Tower

In related news, EVP Ruth T. Dowling sold 556 shares of American Tower stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total value of $99,234.88. Following the completion of the transaction, the executive vice president owned 29,877 shares in the company, valued at approximately $5,332,446.96. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company’s stock.

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.