American Tower Corporation $AMT Shares Acquired by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors increased its American Tower stake by 2.3% in the third quarter, bringing its holdings to 374,918 shares worth approximately $61.4 million. Institutional investors collectively own 92.69% of the company.
• Analysts remain broadly bullish, with American Tower receiving a “Moderate Buy” consensus rating and an average price target of $215.48. The company also exceeded quarterly EPS expectations, reporting $2.71 versus the $1.57 consensus estimate.
• American Tower announced a quarterly dividend of $1.79 per share, equivalent to $7.16 annually and a 4.0% yield, although its payout ratio stands at 98.49%.

Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of American Tower Corporation (NYSE:AMT - Free Report) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 374,918 shares of the real estate investment trust's stock after buying an additional 8,280 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.08% of American Tower worth $61,370,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Operose Advisors LLC bought a new stake in American Tower during the second quarter worth about $25,000. Allied Private Wealth LLC acquired a new position in American Tower during the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in American Tower in the second quarter valued at approximately $33,000. Kelleher Financial Advisors bought a new position in American Tower in the second quarter valued at approximately $37,000. Finally, Cache Advisors LLC bought a new position in American Tower in the first quarter valued at approximately $38,000. Institutional investors own 92.69% of the company's stock.

Insider Transactions at American Tower

In other American Tower news, Director Rajesh Kalathur bought 2,829 shares of American Tower stock in a transaction dated Friday, August 21st. The stock was bought at an average cost of $177.00 per share, for a total transaction of $500,733.00. Following the purchase, the director owned 7,765 shares of the company's stock, valued at $1,374,405. The trade was a 57.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert Joseph Meyer sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the transaction, the chief financial officer directly owned 21,428 shares in the company, valued at $3,833,254.92. The trade was a 18.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 6,791 shares of company stock worth $1,204,091. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wolfe Research raised American Tower from a "peer perform" rating to an "outperform" rating and set a $188.00 price target on the stock in a research report on Wednesday, July 8th. Barclays increased their price objective on American Tower from $198.00 to $199.00 and gave the company an "overweight" rating in a report on Wednesday, September 30th. Jefferies Financial Group decreased their target price on shares of American Tower from $210.00 to $201.00 and set a "buy" rating for the company in a research note on Wednesday, July 15th. Mizuho set a $208.00 target price on shares of American Tower in a report on Thursday, August 20th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of American Tower in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, American Tower presently has an average rating of "Moderate Buy" and an average price target of $215.48.

American Tower Trading Down 0.0%

Shares of NYSE:AMT opened at $179.38 on Thursday. American Tower Corporation has a 52-week low of $160.06 and a 52-week high of $196.08. The company has a market capitalization of $83.58 billion, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 2.88 and a beta of 0.88. The company has a 50-day simple moving average of $173.12 and a 200 day simple moving average of $175.21. 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 (NYSE:AMT - Get Free Report) last posted its quarterly earnings results 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 return on equity of 32.76% and a net margin of 31.08%. American Tower's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Sell-side analysts forecast that American Tower Corporation will post 10.80 earnings per share for the current year.

American Tower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Wednesday, September 30th. American Tower's payout ratio is currently 98.49%.

American Tower Company 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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