Barrow Hanley Mewhinney & Strauss LLC Makes New Investment in American Tower Corporation $AMT

Key Points

• Barrow Hanley Mewhinney & Strauss LLC purchased 1,590,435 shares of American Tower (NYSE:AMT) in Q3 — about $305.9 million — representing roughly 0.34% ownership.
• American Tower reported Q results with EPS of $1.75 (below the $2.54 estimate) while revenue rose to $2.74B (above $2.69B), and set FY2026 guidance of 10.78–10.95 EPS (analysts ~10.14).
• The company raised its quarterly dividend to $1.79 (annualized $7.16, ~3.9% yield), though the dividend payout ratio is elevated at about 126%.

Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of American Tower Corporation (NYSE:AMT - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,590,435 shares of the real estate investment trust's stock, valued at approximately $305,872,000. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.34% of American Tower as of its most recent filing with the Securities and Exchange Commission (SEC).

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

American Tower Trading Down 0.4%

American Tower stock opened at $185.93 on Wednesday. The business has a 50-day simple moving average of $181.00 and a two-hundred day simple moving average of $184.48. American Tower Corporation has a 52-week low of $166.88 and a 52-week high of $234.33. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27. The company has a market cap of $86.66 billion, a P/E ratio of 34.49, a P/E/G ratio of 0.78 and a beta of 0.92.

American Tower (NYSE:AMT - Get Free Report) last posted 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 business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.69 billion. During the same period in the previous year, the business posted $2.62 EPS. The business's quarterly revenue was up 7.5% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Analysts predict that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be issued a dividend of $1.79 per share. This is a boost from American Tower's previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, April 14th. American Tower's dividend payout ratio is presently 126.16%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. TD Cowen reduced their price objective on shares of American Tower from $235.00 to $225.00 in a research report on Wednesday, February 25th. UBS Group decreased their price target on shares of American Tower from $254.00 to $248.00 and set a "buy" rating for the company in a research note on Wednesday, February 25th. Jefferies Financial Group upped their target price on American Tower from $200.00 to $209.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Raymond James Financial dropped their price target on American Tower from $231.00 to $229.00 and set a "strong-buy" rating on the stock in a research report on Friday, January 23rd. Finally, Morgan Stanley lowered their price objective on American Tower from $225.00 to $220.00 and set an "overweight" rating for the company in a research report on Wednesday, February 25th. One investment 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $217.35.

Insider Buying and Selling

In other news, COO Eugene M. Noel sold 41,209 shares of the firm's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $191.05, for a total value of $7,872,979.45. Following the transaction, the chief operating officer owned 29,592 shares of the company's stock, valued at $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.

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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