Ceredex Value Advisors LLC Boosts Stake in American Tower Corporation $AMT

Key Points

• Ceredex Value Advisors increased its stake in American Tower by 24.2%, buying 43,628 shares to hold 224,197 shares worth about $43.12 million at quarter-end.
• COO Eugene M. Noel sold 41,209 shares at an average price of $191.05 (≈$7.87 million), cutting his ownership by 58.2%; company insiders now hold just 0.18% of the stock.
• American Tower missed quarterly EPS estimates ($1.75 vs. $2.54 consensus) while revenue rose 7.5% year-over-year, and the company raised its quarterly dividend to $1.79 (annualized $7.16, ~3.8% yield) and issued FY2026 EPS guidance of 10.78–10.95.

Ceredex Value Advisors LLC lifted its holdings in shares of American Tower Corporation (NYSE:AMT - Free Report) by 24.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,197 shares of the real estate investment trust's stock after buying an additional 43,628 shares during the period. Ceredex Value Advisors LLC's holdings in American Tower were worth $43,118,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AMT. Vanguard Group Inc. lifted its stake in American Tower by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust's stock valued at $12,239,277,000 after acquiring an additional 611,801 shares during the period. JPMorgan Chase & Co. grew its stake in shares of American Tower by 24.3% in the second quarter. JPMorgan Chase & Co. now owns 12,666,082 shares of the real estate investment trust's stock worth $2,799,458,000 after acquiring an additional 2,474,328 shares during the period. Invesco Ltd. raised its holdings in shares of American Tower by 11.9% during the second quarter. Invesco Ltd. now owns 6,680,524 shares of the real estate investment trust's stock valued at $1,476,529,000 after purchasing an additional 708,808 shares during the last quarter. Norges Bank purchased a new position in shares of American Tower during the second quarter valued at approximately $1,371,875,000. Finally, Charles Schwab Investment Management Inc. lifted its position in American Tower by 3.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 5,563,565 shares of the real estate investment trust's stock valued at $1,229,659,000 after purchasing an additional 208,213 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Insider Activity at American Tower

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 owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Tower in a research report on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on American Tower from $250.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, January 12th. Barclays reaffirmed an "equal weight" rating and issued a $200.00 price objective (down from $203.00) on shares of American Tower in a report on Monday, December 1st. Royal Bank Of Canada reduced their price objective on American Tower from $220.00 to $195.00 and set a "sector perform" rating for the company in a research report on Monday, January 12th. Finally, Morgan Stanley lowered their target price on American Tower from $225.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $217.35.

American Tower Stock Down 1.1%

AMT opened at $186.45 on Tuesday. The firm's 50 day simple moving average is $180.81 and its two-hundred day simple moving average is $184.66. The company has a market capitalization of $86.90 billion, a PE ratio of 34.59, a PEG ratio of 0.79 and a beta of 0.92. American Tower Corporation has a 1-year low of $166.88 and a 1-year high of $234.33. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27.

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). The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.69 billion. American Tower had a net margin of 23.76% and a return on equity of 24.36%. The company's revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.62 EPS. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. As a group, equities analysts forecast 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 given 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 dividend on an annualized basis and a yield of 3.8%. American Tower's dividend payout ratio (DPR) is currently 126.16%.

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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