25,531 Shares in American Tower Corporation $AMT Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of American Tower Corporation (NYSE:AMT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,531 shares of the real estate investment trust's stock, valued at approximately $4,176,000. American Tower comprises approximately 0.3% of GSA Capital Partners LLP's holdings, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of AMT. Oakworth Capital Inc. boosted its position in shares of 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. acquired a new stake in American Tower during the fourth quarter worth about $25,000. Swiss RE Ltd. purchased a new position in American Tower during the fourth quarter worth about $25,000. Triumph Capital Management purchased a new position in American Tower during the third quarter worth about $29,000. Finally, Acumen Wealth Advisors LLC acquired a new position in American Tower in the 4th quarter valued at about $29,000. 92.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wolfe Research raised shares of American Tower from a "peer perform" rating to an "outperform" rating and set a $188.00 price target for the company in a research note on Wednesday, July 8th. Royal Bank Of Canada raised shares of American Tower from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $195.00 to $205.00 in a research report on Friday, June 26th. Jefferies Financial Group decreased their price objective on American Tower from $210.00 to $201.00 and set a "buy" rating on the stock in a report on Wednesday, July 15th. The Goldman Sachs Group set a $210.00 price objective on American Tower in a research report on Tuesday, July 28th. Finally, BMO Capital Markets raised their target price on American Tower from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $215.14.

Insider Buying and Selling at American Tower

In other news, CFO Robert Joseph Meyer sold 5,000 shares of the firm's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total transaction of $894,450.00. Following the completion of the transaction, the chief financial officer directly owned 21,428 shares in the company, valued at $3,833,254.92. This trade represents a 18.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ruth T. Dowling sold 1,106 shares of American Tower stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total value of $193,505.76. Following the completion of the sale, the executive vice president directly owned 27,711 shares of the company's stock, valued at $4,848,316.56. The trade was a 3.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 6,791 shares of company stock valued at $1,204,091. Company insiders own 0.08% of the company's stock.

American Tower Price Performance

Shares of AMT opened at $175.68 on Friday. The firm has a 50-day simple moving average of $172.82 and a two-hundred day simple moving average of $177.94. The stock has a market cap of $81.86 billion, a PE ratio of 24.17, a P/E/G ratio of 2.79 and a beta of 0.90. American Tower Corporation has a 1-year low of $160.06 and a 1-year high of $214.79. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52.

American Tower (NYSE:AMT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 EPS for the quarter, topping the consensus estimate of $1.57 by $1.14. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the business posted $2.60 EPS. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, analysts forecast that American Tower Corporation will post 10.78 EPS for the current year.

American Tower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Friday, June 12th were paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Friday, June 12th. American Tower's dividend payout ratio is 98.49%.

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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