Rep. Jefferson Shreve Sells Off Shares of American Tower Corporation (NYSE:AMT)

Representative Jefferson Shreve (R-Indiana) recently sold shares of American Tower Corporation NYSE: AMT. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in American Tower stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

American Tower Stock Performance

Shares of NYSE AMT traded down $1.85 during mid-day trading on Friday, reaching $229.39. 491,569 shares of the company's stock were exchanged, compared to its average volume of 2,613,078. The firm has a market capitalization of $107.39 billion, a price-to-earnings ratio of 59.05, a price-to-earnings-growth ratio of 1.27 and a beta of 0.82. American Tower Corporation has a 52 week low of $172.51 and a 52 week high of $243.56. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50-day moving average price of $218.37 and a two-hundred day moving average price of $208.71.

American Tower (NYSE:AMT - Get Free Report) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.41 by $0.34. The company had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.54 billion. American Tower had a return on equity of 30.20% and a net margin of 17.34%. The business's revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.79 EPS. Analysts predict that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 13th were paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 2.96%. The ex-dividend date was Friday, June 13th. American Tower's dividend payout ratio (DPR) is presently 174.81%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Morgan Stanley assumed coverage on American Tower in a research report on Tuesday, April 1st. They set an "overweight" rating and a $250.00 price target for the company. Royal Bank Of Canada boosted their target price on American Tower from $240.00 to $250.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. JMP Securities boosted their target price on American Tower from $248.00 to $260.00 and gave the stock a "market outperform" rating in a research report on Wednesday, April 30th. Barclays boosted their target price on American Tower from $223.00 to $246.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, UBS Group boosted their price objective on American Tower from $250.00 to $260.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $242.31.

Institutional Investors Weigh In On American Tower

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of American Tower by 113.0% in the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust's stock valued at $727,000 after acquiring an additional 2,104 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of American Tower by 108.0% in the 4th quarter. Venturi Wealth Management LLC now owns 337 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 175 shares during the period. Kestra Investment Management LLC purchased a new position in shares of American Tower in the 4th quarter valued at $48,000. Sigma Planning Corp increased its holdings in shares of American Tower by 7.5% in the 4th quarter. Sigma Planning Corp now owns 7,363 shares of the real estate investment trust's stock valued at $1,350,000 after acquiring an additional 514 shares during the period. Finally, LDR Capital Management LLC grew its stake in American Tower by 96.8% during the 4th quarter. LDR Capital Management LLC now owns 16,015 shares of the real estate investment trust's stock worth $2,937,000 after buying an additional 7,877 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About American Tower

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.