Arrowstreet Capital Limited Partnership Has $537.73 Million Holdings in American Tower Corporation $AMT

Key Points

• Arrowstreet Capital increased its stake in American Tower by 35% in Q3 to 2,796,007 shares worth $537.73 million, representing roughly 0.60% of the company.
• American Tower missed quarterly EPS estimates ($1.75 vs. $2.54) while revenue rose 7.5% to $2.74 billion; the company set FY2026 guidance of 10.78–10.95 EPS and analysts expect about 10.14 EPS.
• Dividend was raised to $1.79 quarterly (annualized $7.16, ~4.0% yield) despite a 126% payout ratio, and insiders were active—Director Rajesh Kalathur bought 2,671 shares while COO Eugene Noel sold 41,209 shares.

Arrowstreet Capital Limited Partnership lifted its holdings in American Tower Corporation (NYSE:AMT - Free Report) by 35.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,796,007 shares of the real estate investment trust's stock after purchasing an additional 724,504 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.60% of American Tower worth $537,728,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AMT. Abound Wealth Management lifted its position in American Tower by 137.3% during the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust's stock worth $27,000 after buying an additional 81 shares in the last quarter. VSM Wealth Advisory LLC grew its holdings in shares of American Tower by 136.4% in the 2nd quarter. VSM Wealth Advisory LLC now owns 156 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 90 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of American Tower in the third quarter valued at about $32,000. Westside Investment Management Inc. raised its holdings in American Tower by 103.6% during the third quarter. Westside Investment Management Inc. now owns 169 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 86 shares in the last quarter. Finally, Physician Wealth Advisors Inc. boosted its position in American Tower by 85.9% during the third quarter. Physician Wealth Advisors Inc. now owns 171 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 92.69% of the company's stock.

Insider Transactions at American Tower

In other news, Director Rajesh Kalathur acquired 2,671 shares of the stock in a transaction on Tuesday, March 10th. The stock was acquired at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the transaction, the director directly owned 4,936 shares in the company, 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 filing with the SEC, which is available through the SEC website. Also, COO Eugene M. Noel sold 41,209 shares of the firm's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total value of $7,872,979.45. Following the completion of the sale, the chief operating officer directly owned 29,592 shares in the company, valued at approximately $5,653,551.60. This represents a 58.20% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.17% of the company's stock.

American Tower Trading Down 1.7%

AMT stock opened at $179.66 on Friday. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60. The company has a fifty day moving average price of $181.23 and a two-hundred day moving average price of $184.44. American Tower Corporation has a one year low of $166.88 and a one year high of $234.33. The stock has a market cap of $83.74 billion, a price-to-earnings ratio of 33.33, a price-to-earnings-growth ratio of 0.77 and a beta of 0.92.

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

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be given a dividend of $1.79 per share. This is a positive change from American Tower's previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, April 14th. American Tower's dividend payout ratio (DPR) is currently 126.16%.

Analyst Upgrades and Downgrades

AMT has been the subject of several recent analyst reports. Jefferies Financial Group increased their price objective on American Tower from $200.00 to $209.00 and gave the company a "buy" rating in a report on Thursday, February 26th. UBS Group dropped their price target on shares of American Tower from $254.00 to $248.00 and set a "buy" rating on the stock in a research report on Wednesday, February 25th. Barclays reiterated an "equal weight" rating and issued a $200.00 price target (down from $203.00) on shares of American Tower in a research note on Monday, December 1st. New Street Research upgraded shares of American Tower from a "neutral" rating to a "buy" rating and set a $203.00 price objective on the stock in a research note on Monday, January 5th. Finally, Royal Bank Of Canada dropped their target price on shares of American Tower from $220.00 to $195.00 and set a "sector perform" rating on the stock in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, American Tower presently has a consensus rating of "Moderate Buy" and a consensus target price of $217.35.

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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