American Tower Corporation $AMT Holdings Lifted by Altfest L J & Co. Inc.

Key Points

• Altfest L J & Co. increased its stake in American Tower (AMT) by 344.4%92.69% of the company.
• Key insider activity: Director Rajesh Kalathur bought 2,671 shares while COO Eugene M. Noel sold 41,209 shares (a ~58% reduction), with insiders collectively owning just 0.17% of the stock.
• Operational and market signals: AMT missed quarterly EPS ($1.75 vs. $2.54) but beat revenue estimates, raised its quarterly dividend to $1.79 (4.0% yield), provided FY2026 EPS guidance of 10.78–10.95, and carries a consensus analyst price target of $216.76 ("Moderate Buy").

Altfest L J & Co. Inc. increased its holdings in shares of American Tower Corporation (NYSE:AMT - Free Report) by 344.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,297 shares of the real estate investment trust's stock after buying an additional 5,655 shares during the quarter. Altfest L J & Co. Inc.'s holdings in American Tower were worth $1,281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Abound Wealth Management boosted its position in American Tower by 137.3% during the third quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 81 shares during the last quarter. Holos Integrated Wealth LLC acquired a new stake in American Tower during the fourth quarter valued at $27,000. Triumph Capital Management acquired a new stake in American Tower during the third quarter valued at $29,000. Root Financial Partners LLC acquired a new stake in American Tower during the third quarter valued at $32,000. Finally, Physician Wealth Advisors Inc. boosted its position in American Tower by 85.9% during the third quarter. Physician Wealth Advisors Inc. now owns 171 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.

Insider Activity

In other American Tower news, Director Rajesh Kalathur acquired 2,671 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average price of $185.30 per share, with a total value of $494,936.30. Following the transaction, the director owned 4,936 shares of the company's stock, valued at approximately $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Eugene M. Noel sold 41,209 shares of the business's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $191.05, for a total value of $7,872,979.45. Following the transaction, the chief operating officer directly owned 29,592 shares of the company's stock, valued at $5,653,551.60. This represents a 58.20% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.17% of the stock is currently owned by insiders.

American Tower Price Performance

Shares of NYSE:AMT opened at $179.29 on Friday. American Tower Corporation has a fifty-two week low of $165.08 and a fifty-two week high of $234.33. The business has a 50-day moving average of $180.78 and a two-hundred day moving average of $181.11. The stock has a market capitalization of $83.56 billion, a P/E ratio of 33.26, a P/E/G ratio of 0.75 and a beta of 0.92. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60.

American Tower (NYSE:AMT - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $2.69 billion. During the same period in the prior year, the firm earned $2.62 EPS. American Tower's quarterly 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. On average, equities research analysts predict that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be given a dividend of $1.79 per share. 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%. This is a boost from American Tower's previous quarterly dividend of $1.70. American Tower's payout ratio is presently 126.16%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMT. Scotiabank reduced their price objective on American Tower from $220.00 to $214.00 and set a "sector outperform" rating for the company in a research report on Wednesday, February 25th. JPMorgan Chase & Co. reduced their price objective on shares of American Tower from $250.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, January 12th. UBS Group reduced their price objective on shares of American Tower from $254.00 to $248.00 and set a "buy" rating for the company in a research note on Wednesday, February 25th. Mizuho reduced their price objective on shares of American Tower from $217.00 to $189.00 and set a "neutral" rating for the company in a research note on Monday, January 12th. Finally, Morgan Stanley reduced their price target on American Tower from $225.00 to $220.00 and set an "overweight" rating for the company in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $216.76.

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.

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