American Tower Corporation $AMT Shares Sold by UNIVEST FINANCIAL Corp

Key Points

• UNIVEST FINANCIAL Corp cut its American Tower stake by 25.7% in the fourth quarter, selling 15,397 shares and leaving it with 44,558 shares valued at about $7.82 million.
• American Tower beat earnings expectations in its latest quarter, reporting EPS of $2.84 versus the $1.60 consensus and revenue of $2.74 billion, while also raising its quarterly dividend to $1.79 per share.
• Analyst sentiment remains positive overall, with a Moderate Buy consensus and an average price target of $218.05, though recent calls were mixed with both target increases and slight downgrades.

UNIVEST FINANCIAL Corp lessened its holdings in American Tower Corporation (NYSE:AMT - Free Report) by 25.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,558 shares of the real estate investment trust's stock after selling 15,397 shares during the period. UNIVEST FINANCIAL Corp's holdings in American Tower were worth $7,823,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of AMT. Oakworth Capital Inc. lifted its position in American Tower by 90.7% in the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 68 shares during the last quarter. Richards Merrill & Peterson Inc. acquired a new stake in shares of American Tower during the fourth quarter valued at about $25,000. Triumph Capital Management purchased a new stake in shares of American Tower in the 3rd quarter valued at approximately $29,000. Holos Integrated Wealth LLC acquired a new position in shares of American Tower in the 4th quarter worth approximately $27,000. Finally, Root Financial Partners LLC purchased a new position in shares of American Tower during the 3rd quarter worth approximately $32,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AMT shares. Truist Financial boosted their target price on American Tower from $205.00 to $208.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Barclays cut their price objective on American Tower from $200.00 to $195.00 and set an "equal weight" rating on the stock in a report on Thursday, April 16th. BMO Capital Markets raised their target price on American Tower from $185.00 to $200.00 and gave the company a "market perform" rating in a report on Wednesday, February 25th. Weiss Ratings downgraded American Tower from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, April 27th. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $240.00 price target on shares of American Tower in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $218.05.

Insider Activity

In other news, 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 transaction of $99,234.88. Following the completion of the transaction, the executive vice president directly owned 29,877 shares of the company's stock, valued at approximately $5,332,446.96. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur bought 2,671 shares of the business's stock in a transaction that occurred on 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 directly owned 4,936 shares of the company's stock, valued at approximately $914,640.80. This trade represents a 117.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 42,181 shares of company stock worth $8,046,071. 0.08% of the stock is currently owned by company insiders.

American Tower Stock Performance

NYSE:AMT opened at $176.45 on Friday. American Tower Corporation has a 52 week low of $165.08 and a 52 week high of $234.33. The company has a fifty day simple moving average of $179.45 and a two-hundred day simple moving average of $179.74. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. The company has a market cap of $82.24 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth 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 (EPS) for the quarter, beating the consensus estimate of $1.60 by $1.24. The business had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The company's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, equities analysts anticipate that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th were given a $1.79 dividend. The ex-dividend date of this dividend was Tuesday, April 14th. This represents a $7.16 dividend on an annualized basis and a yield of 4.1%. This is an increase from American Tower's previous quarterly dividend of $1.70. American Tower's dividend payout ratio is 115.67%.

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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