USS Investment Management Ltd Boosts Stake in American Tower Corporation $AMT

USS Investment Management Ltd increased its position in American Tower Corporation (NYSE:AMT) by 5.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 84,559 shares of the real estate investment trust’s stock after purchasing an additional 4,436 shares during the period. USS Investment Management Ltd’s holdings in American Tower were worth $14,848,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMT. Oakworth Capital Inc. raised its stake in American Tower by 90.7% during the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 68 shares during the last quarter. Richards Merrill & Peterson Inc. purchased a new stake in American Tower during the 4th quarter valued at approximately $25,000. Swiss RE Ltd. purchased a new stake in American Tower during the 4th quarter valued at approximately $25,000. Triumph Capital Management purchased a new position in shares of American Tower during the 3rd quarter worth approximately $29,000. Finally, Holos Integrated Wealth LLC purchased a new position in shares of American Tower during the 4th quarter worth approximately $27,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Ruth T. Dowling sold 556 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total transaction of $99,234.88. Following the completion of the transaction, the executive vice president directly 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 filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on AMT. BMO Capital Markets raised their price objective on American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a research note on Wednesday, February 25th. Morgan Stanley decreased their price target on American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $195.00 price target on shares of American Tower in a research note on Thursday, April 30th. Mizuho upgraded American Tower from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $189.00 to $205.00 in a research note on Wednesday, April 15th. Finally, Scotiabank lifted their target price on American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $216.20.

American Tower Stock Performance

Shares of NYSE AMT opened at $187.20 on Monday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. The stock has a 50 day simple moving average of $181.01 and a 200-day simple moving average of $179.92. The company has a market cap of $87.22 billion, a PE ratio of 30.24, a P/E/G ratio of 0.78 and a beta of 0.90. American Tower Corporation has a 12-month low of $165.08 and a 12-month high of $234.33.

American Tower (NYSE:AMT) last issued its quarterly earnings data 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. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, equities research analysts forecast that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be given a dividend of $1.79 per share. The ex-dividend date is Friday, June 12th. This represents a $7.16 annualized dividend and a dividend yield of 3.8%. American Tower’s 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.