Simon Quick Advisors LLC Acquires 4,964 Shares of American Tower Corporation $AMT

Simon Quick Advisors LLC boosted its holdings in American Tower Corporation (NYSE:AMT) by 41.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,025 shares of the real estate investment trust’s stock after purchasing an additional 4,964 shares during the quarter. Simon Quick Advisors LLC’s holdings in American Tower were worth $2,938,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Riverwater Partners LLC increased its position in American Tower by 3.8% during the 4th quarter. Riverwater Partners LLC now owns 1,536 shares of the real estate investment trust’s stock valued at $270,000 after buying an additional 56 shares in the last quarter. Triumph Capital Management grew its stake in shares of American Tower by 37.3% in the fourth quarter. Triumph Capital Management now owns 206 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 56 shares during the last quarter. Personal CFO Solutions LLC increased its holdings in shares of American Tower by 3.5% during the fourth quarter. Personal CFO Solutions LLC now owns 1,667 shares of the real estate investment trust’s stock valued at $293,000 after acquiring an additional 57 shares in the last quarter. Twin City Private Wealth LLC raised its position in shares of American Tower by 0.7% in the 4th quarter. Twin City Private Wealth LLC now owns 7,799 shares of the real estate investment trust’s stock worth $1,382,000 after purchasing an additional 58 shares during the last quarter. Finally, Asset Advisory Group Inc. grew its holdings in shares of American Tower by 3.0% during the first quarter. Asset Advisory Group Inc. now owns 2,072 shares of the real estate investment trust’s stock valued at $358,000 after buying an additional 60 shares during the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AMT shares. Royal Bank Of Canada upgraded shares of American Tower from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $195.00 to $205.00 in a research note on Friday, June 26th. Raymond James Financial reissued a “strong-buy” rating and set a $240.00 price target on shares of American Tower in a report on Wednesday, April 29th. Sanford C. Bernstein upgraded American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price target for the company in a research report on Tuesday, May 19th. Citizens Jmp reaffirmed a “market outperform” rating and set a $260.00 price objective on shares of American Tower in a research report on Wednesday, April 29th. Finally, Mizuho upgraded American Tower from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $189.00 to $205.00 in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $215.57.

American Tower Price Performance

NYSE:AMT opened at $170.13 on Friday. The business’s 50-day simple moving average is $177.64 and its two-hundred day simple moving average is $178.70. American Tower Corporation has a 52 week low of $160.06 and a 52 week high of $234.33. The stock has a market cap of $79.26 billion, a PE ratio of 27.48, a P/E/G ratio of 0.71 and a beta of 0.91. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the company posted $2.75 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, analysts forecast that American Tower Corporation will post 10.66 EPS for the current fiscal year.

American Tower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Friday, June 12th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, June 12th. American Tower’s dividend payout ratio (DPR) is presently 115.67%.

Insider Transactions at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total value of $73,856.64. Following the sale, the executive vice president directly owned 29,461 shares in the company, valued at approximately $5,230,505.94. The trade was a 1.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 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.