American Tower Corporation $AMT Shares Sold by Burney Co.

Key Points

• Burney Co. cut its stake in American Tower by 60.7% in Q4, selling 17,267 shares and leaving 11,200 shares valued at about $1.97 million.
• American Tower missed Q4 EPS expectations ($1.75 vs. $2.54 est.) but posted revenue of $2.74 billion (up 7.5% y/y and above estimates) and set FY2026 guidance of $10.78–$10.95 EPS.
• Insider and payout moves: director Rajesh Kalathur bought 2,671 shares while COO Eugene Noel sold 41,209 shares, and the company raised its quarterly dividend to $1.79 (annual $7.16, ~4.0% yield; payout ratio 126%).

Burney Co. cut its position in shares of American Tower Corporation (NYSE:AMT - Free Report) by 60.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 11,200 shares of the real estate investment trust's stock after selling 17,267 shares during the quarter. Burney Co.'s holdings in American Tower were worth $1,966,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in AMT. Mirae Asset Global Investments Co. Ltd. boosted its stake in American Tower by 8.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,793 shares of the real estate investment trust's stock worth $18,615,000 after purchasing an additional 7,872 shares during the period. Eastern Bank boosted its stake in shares of American Tower by 69.6% during the 3rd quarter. Eastern Bank now owns 139,091 shares of the real estate investment trust's stock valued at $26,750,000 after buying an additional 57,078 shares during the period. Machina Capital S.A.S. acquired a new stake in shares of American Tower during the 3rd quarter valued at $2,871,000. Krilogy Financial LLC bought a new position in shares of American Tower during the 3rd quarter valued at $1,044,000. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in shares of American Tower by 92.4% during the 3rd 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. 92.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AMT shares. Scotiabank cut their price target on shares of American Tower from $220.00 to $214.00 and set a "sector outperform" rating on the stock in a report on Wednesday, February 25th. The Goldman Sachs Group decreased their price target on shares of American Tower from $230.00 to $210.00 and set a "buy" rating on the stock in a research report on Friday, January 16th. Jefferies Financial Group raised their price target on shares of American Tower from $200.00 to $209.00 and gave the stock a "buy" rating in a research report on Thursday, February 26th. Weiss Ratings reiterated a "hold (c)" rating on shares of American Tower in a research report on Monday, December 29th. Finally, Mizuho reduced their price target on shares of American Tower from $217.00 to $189.00 and set a "neutral" rating on the stock in a research report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $216.76.

Insider Activity at American Tower

In other news, Director Rajesh Kalathur bought 2,671 shares of the stock in a transaction on Tuesday, March 10th. The stock was purchased at an average price 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 of the company's stock, valued at approximately $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Eugene M. Noel sold 41,209 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the chief operating officer directly owned 29,592 shares of the company's stock, valued at $5,653,551.60. The trade was a 58.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.18% of the stock is currently owned by corporate insiders.

American Tower Trading Up 1.0%

Shares of NYSE AMT opened at $181.06 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27. The company has a market cap of $84.39 billion, a PE ratio of 33.59, a P/E/G ratio of 0.75 and a beta of 0.92. The company has a 50-day moving average of $180.92 and a two-hundred day moving average of $180.94. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33.

American Tower (NYSE:AMT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates of $2.54 by ($0.79). The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.69 billion. American Tower had a return on equity of 24.36% and a net margin of 23.76%.The company's quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $2.62 earnings per share. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. As a group, equities analysts expect that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th 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 4.0%. This is a positive change from American Tower's previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Tuesday, April 14th. American Tower's payout ratio is presently 126.16%.

American Tower Company 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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