American Tower Corporation $AMT Shares Purchased by National Pension Service

Key Points

• National Pension Service boosted its American Tower stake by 24.8% in the fourth quarter, adding 307,622 shares to hold 1,547,892 shares valued at about $271.8 million.
• American Tower reported strong quarterly results, with EPS of $2.84 topping estimates by $1.24 and revenue of $2.74 billion also exceeding expectations; the company raised its FY 2026 EPS guidance to 10.90–11.07.
• The company declared a quarterly dividend of $1.79 per share, equal to an annualized $7.16 yield of 3.8%, though the payout ratio is elevated at 115.67%.

National Pension Service increased its stake in shares of American Tower Corporation (NYSE:AMT - Free Report) by 24.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,547,892 shares of the real estate investment trust's stock after acquiring an additional 307,622 shares during the quarter. National Pension Service owned about 0.33% of American Tower worth $271,763,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMT. Richards Merrill & Peterson Inc. acquired a new stake in American Tower during the 4th quarter worth $25,000. Oakworth Capital Inc. raised its stake in American Tower by 90.7% during the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 68 shares in the last quarter. Holos Integrated Wealth LLC acquired a new stake in American Tower during the 4th quarter worth $27,000. Triumph Capital Management acquired a new stake in American Tower during the 3rd quarter worth $29,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in American Tower during the 4th quarter worth $30,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American Tower

In other news, COO Eugene M. Noel sold 41,209 shares of the business's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the transaction, the chief operating officer directly owned 29,592 shares in the company, valued at $5,653,551.60. The trade was a 58.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Rajesh Kalathur purchased 2,671 shares of the company's stock in a transaction dated Tuesday, March 10th. The shares were purchased at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the purchase, 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 42,181 shares of company stock worth $8,046,071 over the last ninety days. 0.08% of the stock is currently owned by company insiders.

American Tower Trading Up 1.1%

NYSE AMT opened at $187.00 on Friday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $87.12 billion, a PE ratio of 30.21, a P/E/G ratio of 0.77 and a beta of 0.90. American Tower Corporation has a one year low of $165.08 and a one year high of $234.33. The firm's fifty day moving average is $177.55 and its two-hundred day moving average is $179.31.

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

American Tower Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, June 12th. American Tower's payout ratio is 115.67%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of American Tower from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, May 11th. TD Cowen dropped their price objective on shares of American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. UBS Group dropped their price objective on shares of American Tower from $254.00 to $248.00 and set a "buy" rating on the stock in a research note on Wednesday, February 25th. Raymond James Financial restated a "strong-buy" rating and issued a $240.00 price objective on shares of American Tower in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $195.00 price objective on shares of American Tower in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $216.20.

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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