Capital International Inc. CA Acquires 13,019 Shares of American Tower Corporation $AMT

Key Points

• Capital International Inc. CA raised its stake in American Tower by 42.0%, buying 13,019 shares to hold 43,988 shares worth about $8.46 million at quarter-end.
• American Tower missed quarterly EPS ($1.75 vs. $2.54 expected) but revenue grew 7.5% to $2.74 billion, and the company set FY2026 guidance of $10.780–$10.950 EPS.
• The company increased its quarterly dividend to $1.79 (from $1.70), implying a $7.16 annualized payout and a ~3.9% yield, with a dividend payout ratio of 126.16%.

Capital International Inc. CA raised its holdings in American Tower Corporation (NYSE:AMT - Free Report) by 42.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,988 shares of the real estate investment trust's stock after purchasing an additional 13,019 shares during the period. Capital International Inc. CA's holdings in American Tower were worth $8,460,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of American Tower by 8.9% during 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 buying an additional 7,872 shares during the last quarter. Eastern Bank grew its position in American Tower by 69.6% in the third quarter. Eastern Bank now owns 139,091 shares of the real estate investment trust's stock valued at $26,750,000 after acquiring an additional 57,078 shares during the last quarter. Machina Capital S.A.S. acquired a new position in American Tower during the third quarter worth about $2,871,000. Krilogy Financial LLC bought a new position in shares of American Tower in the third quarter worth about $1,044,000. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in shares of American Tower by 92.4% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 61,397 shares of the real estate investment trust's stock worth $11,808,000 after acquiring an additional 29,486 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Analyst Ratings Changes

AMT has been the topic of several research reports. TD Cowen decreased their price target on shares of American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. New Street Research upgraded shares of American Tower from a "neutral" rating to a "buy" rating and set a $203.00 target price on the stock in a research report on Monday, January 5th. BMO Capital Markets boosted their target price on shares of American Tower from $185.00 to $200.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 25th. Raymond James Financial lowered their price target on shares of American Tower from $231.00 to $229.00 and set a "strong-buy" rating for the company in a report on Friday, January 23rd. Finally, Sanford C. Bernstein began coverage on American Tower in a report on Thursday, March 5th. They set a "market perform" rating and a $205.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $217.35.

American Tower Stock Performance

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

American Tower (NYSE:AMT - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the firm posted $2.62 EPS. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Research analysts anticipate that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be issued a $1.79 dividend. The ex-dividend date is Tuesday, April 14th. 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 3.9%. American Tower's dividend payout ratio (DPR) is presently 126.16%.

Insider Buying and Selling

In other American Tower news, COO Eugene M. Noel sold 41,209 shares of the company's stock in a transaction 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 sale, the chief operating officer owned 29,592 shares of the company's stock, valued at approximately $5,653,551.60. This represents a 58.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company's stock.

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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