American Tower Corporation $AMT is Vanderbilt University's 8th Largest Position

Key Points

• Vanderbilt University increased its stake in American Tower Corporation by 8.1%, making it the 8th largest position in their portfolio, valued at approximately $9.86 million.
• American Tower reported EPS of $2.60 for the last quarter, surpassing analysts' expectations, but its revenue decreased by 9.4% compared to the same quarter last year.
• The company has announced a quarterly dividend of $1.70 per share, with an annualized yield of 3.6% and a dividend payout ratio of 247.27%.

Vanderbilt University boosted its position in shares of American Tower Corporation (NYSE:AMT - Free Report) by 8.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,600 shares of the real estate investment trust's stock after buying an additional 3,345 shares during the period. American Tower accounts for about 1.9% of Vanderbilt University's portfolio, making the stock its 8th largest holding. Vanderbilt University's holdings in American Tower were worth $9,857,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Focus Financial Network Inc. increased its stake in American Tower by 9.1% during the 2nd quarter. Focus Financial Network Inc. now owns 2,042 shares of the real estate investment trust's stock worth $451,000 after buying an additional 170 shares in the last quarter. Resolution Capital Ltd acquired a new position in shares of American Tower during the 1st quarter worth approximately $72,706,000. Golden State Wealth Management LLC boosted its holdings in shares of American Tower by 23.0% during the 1st quarter. Golden State Wealth Management LLC now owns 369 shares of the real estate investment trust's stock worth $80,000 after purchasing an additional 69 shares during the last quarter. Shum Financial Group Inc. boosted its holdings in shares of American Tower by 3.5% during the 1st quarter. Shum Financial Group Inc. now owns 4,196 shares of the real estate investment trust's stock worth $913,000 after purchasing an additional 141 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its holdings in shares of American Tower by 126.0% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 97,495 shares of the real estate investment trust's stock worth $21,215,000 after purchasing an additional 54,360 shares during the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Juan Font sold 720 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $208.33, for a total value of $149,997.60. Following the completion of the sale, the chief executive officer owned 23,425 shares in the company, valued at $4,880,130.25. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is currently owned by insiders.

American Tower Stock Performance

NYSE AMT opened at $191.03 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 3.36. American Tower Corporation has a 52-week low of $172.51 and a 52-week high of $234.33. The business's 50-day moving average price is $202.32 and its 200 day moving average price is $211.93. The firm has a market cap of $89.45 billion, a P/E ratio of 69.47, a P/E/G ratio of 1.19 and a beta of 0.86.

American Tower (NYSE:AMT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $2.60 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.01. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.58 billion. American Tower had a net margin of 12.60% and a return on equity of 24.85%. The firm's revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.79 earnings per share. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. On average, equities research analysts expect that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Tuesday, September 30th will be given a $1.70 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $6.80 dividend on an annualized basis and a yield of 3.6%. American Tower's dividend payout ratio (DPR) is presently 247.27%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. BMO Capital Markets restated an "outperform" rating and set a $245.00 target price (down from $250.00) on shares of American Tower in a report on Wednesday, July 30th. Wells Fargo & Company decreased their price target on American Tower from $240.00 to $230.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Barclays upped their price objective on American Tower from $246.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Royal Bank Of Canada set a $220.00 price objective on American Tower and gave the stock a "sector perform" rating in a research report on Wednesday. Finally, Hsbc Global Res lowered American Tower from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $242.07.

American Tower Profile

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.

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