American Tower (NYSE:AMT) Director Rajesh Kalathur Buys 2,671 Shares

Key Points

• Director Rajesh Kalathur purchased 2,671 shares at an average price of $185.30 (totaling $494,936.30) on March 10, raising his stake 117.92% to 4,936 shares valued at about $914,640.80.
• Dividend increased: American Tower declared a quarterly dividend of $1.79 (up from $1.70), implying a $7.16 annualized payout and a ~4.0% yield, with an ex-dividend date of April 14 and pay date April 28.
• Earnings miss but revenue beat: Q4 EPS was $1.75 versus $2.54 expected while revenue was $2.74B (above estimates); the company set FY2026 guidance of $10.780–$10.950 EPS and analysts hold a consensus "Moderate Buy" with an average target of $217.35.

American Tower Corporation (NYSE:AMT - Get Free Report) Director Rajesh Kalathur acquired 2,671 shares of the company's stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the acquisition, the director directly owned 4,936 shares in the company, valued at approximately $914,640.80. The trade was a 117.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

American Tower Stock Performance

AMT traded down $3.19 on Thursday, reaching $179.66. The stock had a trading volume of 3,070,445 shares, compared to its average volume of 3,170,151. The company has a market cap of $83.74 billion, a P/E ratio of 33.33, a price-to-earnings-growth ratio of 0.78 and a beta of 0.92. American Tower Corporation has a 12-month low of $166.88 and a 12-month high of $234.33. The business's 50-day moving average price is $181.14 and its two-hundred day moving average price is $184.47. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27.

American Tower (NYSE:AMT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates of $2.54 by ($0.79). American Tower had a return on equity of 24.36% and a net margin of 23.76%.The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the company posted $2.62 earnings per share. The business's revenue was up 7.5% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Sell-side analysts forecast that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be paid a $1.79 dividend. This is a positive change from American Tower's previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a $7.16 annualized dividend and a dividend yield of 4.0%. American Tower's dividend payout ratio is currently 132.84%.

Analysts Set New Price Targets

AMT has been the subject of a number of research analyst reports. Sanford C. Bernstein initiated coverage on American Tower in a report on Thursday, March 5th. They set a "market perform" rating and a $205.00 target price for the company. Scotiabank dropped their target price on American Tower from $220.00 to $214.00 and set a "sector outperform" rating on the stock in a report on Wednesday, February 25th. New Street Research upgraded shares of American Tower from a "neutral" rating to a "buy" rating and set a $203.00 price objective for the company in a research report on Monday, January 5th. The Goldman Sachs Group reduced their target price on American Tower from $230.00 to $210.00 and set a "buy" rating for the company in a report on Friday, January 16th. Finally, Morgan Stanley decreased their price target on shares of American Tower from $225.00 to $220.00 and set an "overweight" rating for the company in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, American Tower currently has a consensus rating of "Moderate Buy" and an average price target of $217.35.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. PeakShares LLC acquired a new position in American Tower in the fourth quarter valued at $1,003,000. Union Savings Bank purchased a new position in American Tower in the 4th quarter worth approximately $453,000. Hsbc Holdings PLC grew its holdings in American Tower by 12.3% during the 4th quarter. Hsbc Holdings PLC now owns 1,713,268 shares of the real estate investment trust's stock valued at $300,993,000 after purchasing an additional 187,124 shares in the last quarter. Redwood Family Wealth LLC purchased a new stake in shares of American Tower during the fourth quarter worth about $249,000. Finally, Bayban purchased a new stake in American Tower during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 92.69% of the company's stock.

About American Tower

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.

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