American Tower Corporation $AMT Position Boosted by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management boosted its stake in American Tower by 5.7% in Q4 to 992,378 shares (about 0.21% ownership), valued at roughly $173.5 million.
• American Tower beat expectations with Q1 EPS of $2.84 versus $1.60 expected and revenue of $2.74B versus $2.66B, and set FY2026 guidance of $10.90–$11.07 EPS.
• The company increased its quarterly dividend to $1.79 (annualized $7.16) for a ~4.0% yield, though the dividend payout ratio is high at about 115.7%.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of American Tower Corporation (NYSE:AMT - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 992,378 shares of the real estate investment trust's stock after acquiring an additional 53,131 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of American Tower worth $173,468,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of American Tower by 8.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,793 shares of the real estate investment trust's stock valued at $18,615,000 after acquiring an additional 7,872 shares in the last quarter. Eastern Bank raised its holdings in shares of American Tower by 69.6% during the third quarter. Eastern Bank now owns 139,091 shares of the real estate investment trust's stock worth $26,750,000 after acquiring an additional 57,078 shares in the last quarter. Krilogy Financial LLC acquired a new stake in American Tower during the third quarter valued at $1,044,000. Machina Capital S.A.S. acquired a new stake in American Tower during the third quarter valued at $2,871,000. Finally, Commerzbank Aktiengesellschaft FI grew its stake in American Tower by 92.4% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 61,397 shares of the real estate investment trust's stock valued at $11,808,000 after purchasing an additional 29,486 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Insider Activity at American Tower

In other American Tower news, Director Rajesh Kalathur acquired 2,671 shares of American Tower stock in a transaction on Tuesday, March 10th. The shares were purchased at an average cost of $185.30 per share, with a total value of $494,936.30. Following the completion of the purchase, the director owned 4,936 shares in the company, valued at $914,640.80. The trade was a 117.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ruth T. Dowling sold 556 shares of the business's stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total value of $99,234.88. Following the transaction, the executive vice president owned 29,877 shares of the company's stock, valued at $5,332,446.96. The trade was a 1.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 42,181 shares of company stock valued at $8,046,071 over the last ninety days. 0.08% of the stock is owned by insiders.

American Tower Stock Performance

NYSE AMT opened at $180.08 on Thursday. The company's fifty day moving average is $179.66 and its two-hundred day moving average is $179.82. American Tower Corporation has a 52-week low of $165.08 and a 52-week high of $234.33. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market capitalization of $83.93 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 0.74 and a beta of 0.90.

American Tower (NYSE:AMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, topping the consensus estimate of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the firm earned $2.75 EPS. American Tower's revenue for the quarter was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Equities research analysts forecast that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from American Tower's previous quarterly dividend of $1.70. The ex-dividend date was Tuesday, April 14th. American Tower's dividend payout ratio is 115.67%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Truist Financial increased their price objective on American Tower from $205.00 to $208.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. UBS Group reduced their target price 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. Scotiabank boosted their target price on shares of American Tower from $214.00 to $218.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 29th. BMO Capital Markets raised their price target on shares of American Tower from $185.00 to $200.00 and gave the company a "market perform" rating in a report on Wednesday, February 25th. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $240.00 price objective on shares of American Tower in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $218.05.

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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