6,040 American Tower Corporation $AMT Shares Sold by MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd

Key Points

• MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd. reduced its American Tower stake by 12.7%, selling 6,040 shares in the third quarter and retaining 41,453 shares valued at approximately $6.785 million. Institutional investors collectively own 92.69% of the company.
• American Tower reported quarterly EPS of $1.64, in line with estimates, while revenue of $2.79 billion exceeded forecasts and rose 2.5% year over year. Shares opened at $183.46, below their 12-month high of $202.50.
• The board authorized a $2 billion share-repurchase program, and the company maintains a quarterly dividend of $1.79, equivalent to a 3.9% yield. Analysts hold a “Moderate Buy” consensus rating with an average price target of $215.95.

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd lowered its holdings in shares of American Tower Corporation (NYSE:AMT - Free Report) by 12.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 41,453 shares of the real estate investment trust's stock after selling 6,040 shares during the period. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd's holdings in American Tower were worth $6,785,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Dynamic Wealth Strategies LLC grew its stake in shares of American Tower by 11.1% in the third quarter. Dynamic Wealth Strategies LLC now owns 549 shares of the real estate investment trust's stock worth $90,000 after purchasing an additional 55 shares during the last quarter. Pinnacle Bancorp Inc. increased its holdings in American Tower by 1.3% in the third quarter. Pinnacle Bancorp Inc. now owns 4,491 shares of the real estate investment trust's stock valued at $736,000 after purchasing an additional 59 shares during the period. William Allan Corp raised its position in American Tower by 4.7% during the 3rd quarter. William Allan Corp now owns 1,391 shares of the real estate investment trust's stock worth $228,000 after purchasing an additional 62 shares during the last quarter. Community Financial Services Group LLC raised its position in American Tower by 1.2% during the 2nd quarter. Community Financial Services Group LLC now owns 5,388 shares of the real estate investment trust's stock worth $895,000 after purchasing an additional 65 shares during the last quarter. Finally, Sunburst Financial Group LLC lifted its holdings in American Tower by 3.5% during the 2nd quarter. Sunburst Financial Group LLC now owns 1,933 shares of the real estate investment trust's stock worth $316,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 92.69% of the company's stock.

American Tower Stock Down 0.2%

Shares of NYSE AMT opened at $183.46 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12. The firm has a market cap of $85.48 billion, a PE ratio of 25.23, a P/E/G ratio of 3.03 and a beta of 0.88. The company's fifty day simple moving average is $175.39 and its 200 day simple moving average is $177.18. American Tower Corporation has a 12-month low of $160.06 and a 12-month high of $202.50.

American Tower (NYSE:AMT - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The real estate investment trust reported $1.64 earnings per share for the quarter, meeting the consensus estimate of $1.64. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the firm posted $2.78 earnings per share. The business's revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts forecast that American Tower Corporation will post 10.80 earnings per share for the current fiscal year.

American Tower announced that its Board of Directors has approved a share buyback plan on Tuesday, October 27th that permits the company to repurchase $2 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Share repurchase plans are generally an indication that the company's management believes its stock is undervalued.

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Wednesday, September 30th were paid a $1.79 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $7.16 annualized dividend and a dividend yield of 3.9%. American Tower's dividend payout ratio (DPR) is currently 98.49%.

Insider Buying and Selling

In other news, Director Rajesh Kalathur bought 2,829 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was acquired at an average cost of $177.00 per share, with a total value of $500,733.00. Following the transaction, the director directly owned 7,765 shares of the company's stock, valued at approximately $1,374,405. This represents a 57.31% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is owned by insiders.

American Tower News Roundup

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: American Tower’s Q3 results exceeded expectations on key operating measures: adjusted funds from operations were $2.87 per share versus the $2.84 consensus, while revenue reached $2.78 billion. Management raised its full-year 2026 outlook for the third time, supported by steady global leasing demand. American Tower Raises Its 2026 Outlook For Third Time
• Positive Sentiment: CoreSite data-center revenue increased 16.3%, driven by strong AI and cloud leasing activity. American Tower also lifted its 2026 data-center revenue growth outlook to 16% and is targeting 200–300 basis points of tower-margin expansion by 2030, reinforcing its long-term growth narrative. American Tower Raises Data Center Revenue Outlook
• Positive Sentiment: The board authorized a $2 billion share-repurchase program. Buybacks can support per-share results and signal that management views the stock as attractively valued. American Tower Share Repurchase Program
• Neutral Sentiment: Citigroup lowered its price target from $225 to $220 but maintained a “buy” rating, while JPMorgan reduced its target from $240 to $230 and retained an “overweight” rating. Both firms still imply substantial upside, but the reductions may temper investor enthusiasm. Citigroup American Tower Rating
• Negative Sentiment: The headline earnings reaction has been weak even though cash generation and guidance improved. Reported EPS of $1.64 met estimates rather than exceeded them, and revenue growth was modest at 2.5% year over year, leaving investors concerned that the positive developments may already be reflected in the valuation. American Tower Stock Price Dips as Q3 Results Lift Guidance

Wall Street Analyst Weigh In

A number of research firms have commented on AMT. Truist Financial reiterated a "buy" rating and issued a $207.00 price target (down from $208.00) on shares of American Tower in a research report on Wednesday, August 12th. Wolfe Research upgraded American Tower from a "peer perform" rating to an "outperform" rating and set a $188.00 price objective for the company in a research report on Wednesday, July 8th. Royal Bank Of Canada restated an "outperform" rating and set a $205.00 price objective on shares of American Tower in a research report on Wednesday. Scotiabank reaffirmed an "outperform" rating on shares of American Tower in a research note on Wednesday, July 29th. Finally, Mizuho set a $208.00 target price on American Tower in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, American Tower has a consensus rating of "Moderate Buy" and a consensus price target of $215.95.

American Tower Company Profile

American Tower Corporation NYSE: AMT is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications.

The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations.

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