J. Safra Sarasin Holding AG Has $17.33 Million Position in American Tower Corporation $AMT

J. Safra Sarasin Holding AG raised its stake in American Tower Corporation (NYSE:AMT) by 8.6% in the 1st quarter, HoldingsChannel reports. The firm owned 100,445 shares of the real estate investment trust’s stock after acquiring an additional 7,982 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in American Tower were worth $17,329,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. J. Stern & Co. LLP grew its stake in shares of American Tower by 28,121.1% in the 4th quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust’s stock valued at $6,616,703,000 after buying an additional 37,553,436 shares during the period. State Street Corp increased its position in American Tower by 0.3% in the 4th quarter. State Street Corp now owns 20,987,534 shares of the real estate investment trust’s stock valued at $3,719,634,000 after buying an additional 71,605 shares in the last quarter. Geode Capital Management LLC raised its stake in American Tower by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 13,499,035 shares of the real estate investment trust’s stock worth $2,361,675,000 after buying an additional 227,361 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in American Tower by 20,721.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock worth $1,705,254,000 after acquiring an additional 9,666,025 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in American Tower by 0.9% in the fourth quarter. Invesco Ltd. now owns 6,948,190 shares of the real estate investment trust’s stock worth $1,219,894,000 after acquiring an additional 59,557 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AMT shares. Truist Financial upped their target price on shares of American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Mizuho upgraded American Tower from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $189.00 to $205.00 in a research note on Wednesday, April 15th. Sanford C. Bernstein raised American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price objective for the company in a report on Tuesday, May 19th. Jefferies Financial Group raised their target price on American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Finally, Royal Bank Of Canada upgraded shares of American Tower from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $195.00 to $205.00 in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, American Tower presently has an average rating of “Moderate Buy” and an average target price of $215.57.

Insiders Place Their Bets

In other American Tower news, EVP Ruth T. Dowling sold 556 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total transaction of $99,234.88. Following the sale, the executive vice president owned 29,877 shares of the company’s stock, valued at $5,332,446.96. The trade was a 1.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.08% of the company’s stock.

American Tower Trading Up 0.1%

NYSE:AMT opened at $168.69 on Monday. American Tower Corporation has a 12 month low of $160.06 and a 12 month high of $234.33. 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 firm’s 50 day moving average is $178.66 and its 200 day moving average is $178.94. The stock has a market capitalization of $78.59 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 0.70 and a beta of 0.91.

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 analysts’ consensus estimates 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 for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the business posted $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Sell-side analysts expect that American Tower Corporation will post 10.66 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 paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, June 12th. 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.