American Tower Corporation $AMT Position Boosted by Quintet Private Bank Europe S.A.

Key Points

• Quintet Private Bank Europe increased its American Tower stake by 61.2% in the third quarter, adding 88,495 shares to own 233,040 shares worth approximately $38.1 million. Institutional investors collectively own 92.69% of the REIT.
• American Tower reported quarterly EPS of $2.71, well above the $1.57 analyst consensus, while revenue rose 4.6% year over year to $2.75 billion. The company reaffirmed fiscal 2026 EPS guidance of $11.00 to $11.17.
• The company declared a quarterly dividend of $1.79 per share, equivalent to a 4.3% annualized yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $215.48, compared with a recent share price of $165.50.

Quintet Private Bank Europe S.A. grew its stake in American Tower Corporation (NYSE:AMT - Free Report) by 61.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 233,040 shares of the real estate investment trust's stock after purchasing an additional 88,495 shares during the quarter. American Tower comprises about 1.8% of Quintet Private Bank Europe S.A.'s holdings, making the stock its 17th biggest holding. Quintet Private Bank Europe S.A. owned about 0.05% of American Tower worth $38,146,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of American Tower in the 2nd quarter worth about $7,490,943,000. J. Stern & Co. LLP boosted its stake in American Tower by 28,121.1% during the fourth quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust's stock worth $6,616,703,000 after acquiring an additional 37,553,436 shares in the last quarter. State Street Corp grew its holdings in American Tower by 2.9% in the second quarter. State Street Corp now owns 22,066,202 shares of the real estate investment trust's stock worth $3,647,491,000 after purchasing an additional 631,593 shares during the period. Lazard Asset Management LLC grew its stake in shares of American Tower by 20.4% in the 1st quarter. Lazard Asset Management LLC now owns 7,325,943 shares of the real estate investment trust's stock worth $1,264,311,000 after buying an additional 1,240,780 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of American Tower by 0.9% during the fourth quarter. Invesco Ltd. now owns 6,948,190 shares of the real estate investment trust's stock valued at $1,219,894,000 after acquiring an additional 59,557 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

American Tower Price Performance

NYSE:AMT traded down $0.68 during trading hours on Thursday, reaching $165.50. The stock had a trading volume of 1,147,910 shares, compared to its average volume of 3,031,643. The stock has a market capitalization of $77.12 billion, a PE ratio of 22.78, a PEG ratio of 2.65 and a beta of 0.88. The company has a 50 day moving average price of $172.61 and a two-hundred day moving average price of $174.99. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52. American Tower Corporation has a 52 week low of $160.06 and a 52 week high of $196.08.

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 analysts' consensus estimates of $1.57 by $1.14. The business had revenue of $2.75 billion during the quarter, compared to analysts' expectations of $2.70 billion. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The business's revenue was up 4.6% on a year-over-year basis. During the same period last year, the company posted $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, sell-side analysts anticipate that American Tower Corporation will post 10.8 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Wednesday, September 30th will be given a dividend of $1.79 per share. The ex-dividend date is Wednesday, September 30th. This represents a $7.16 dividend on an annualized basis and a yield of 4.3%. American Tower's payout ratio is 98.49%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AMT shares. The Goldman Sachs Group set a $210.00 price target on shares of American Tower in a research report on Tuesday, July 28th. Scotiabank reiterated an "outperform" rating on shares of American Tower in a research note on Wednesday, July 29th. Royal Bank Of Canada upgraded shares of American Tower from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $195.00 to $205.00 in a research report on Friday, June 26th. BMO Capital Markets lifted their price target on shares of American Tower from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group reduced their price target on American Tower from $210.00 to $201.00 and set a "buy" rating for the company in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, American Tower presently has an average rating of "Moderate Buy" and a consensus target price of $215.48.

Insider Activity at American Tower

In related news, CFO Robert Joseph Meyer sold 5,000 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $178.89, for a total value of $894,450.00. Following the sale, the chief financial officer directly owned 21,428 shares of the company's stock, valued at $3,833,254.92. This represents a 18.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ruth Dowling sold 1,106 shares of the firm's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total value of $193,505.76. Following the sale, the executive vice president directly owned 27,711 shares of the company's stock, valued at $4,848,316.56. This represents a 3.84% 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. In the last ninety days, insiders have sold 6,791 shares of company stock worth $1,204,091. Insiders own 0.08% of the company's stock.

American Tower Profile

American Tower Corporation NYSE: AMT is a global real estate investment trust that owns, operates and develops communications infrastructure. Its portfolio includes wireless and broadcast towers, rooftop sites, distributed antenna systems and other facilities that support wireless communications, television and radio broadcasting, government communications and other connectivity services.

The company leases space on its communications sites to wireless carriers, broadcasters, government agencies and other customers.

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