Chicago Partners Investment Group LLC Has $3.47 Million Stock Position in American Tower Corporation $AMT

Key Points

• Chicago Partners Investment Group LLC reduced its position in American Tower by 22.7% in Q4, selling 5,705 shares and finishing the period with 19,404 shares valued at about $3.47 million.
• Notable insider moves: COO Eugene M. Noel sold 41,209 shares for roughly $7.87 million (cutting his stake by 58.2%), while Director Rajesh Kalathur bought 2,671 shares for about $494,936, boosting his holding by 117.9%.
• Company performance: American Tower missed quarterly EPS estimates ($1.75 vs. $2.54) despite revenue growth, issued FY2026 EPS guidance of 10.78–10.95, and raised the quarterly dividend to $1.79 (annualized $7.16, ~4.0% yield).

Chicago Partners Investment Group LLC lowered its position in American Tower Corporation (NYSE:AMT - Free Report) by 22.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,404 shares of the real estate investment trust's stock after selling 5,705 shares during the period. Chicago Partners Investment Group LLC's holdings in American Tower were worth $3,469,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AMT. Richards Merrill & Peterson Inc. acquired a new position in shares of American Tower during the fourth quarter worth approximately $25,000. Triumph Capital Management bought a new stake in American Tower during the 3rd quarter valued at $29,000. Holos Integrated Wealth LLC bought a new stake in American Tower during the 4th quarter valued at $27,000. Root Financial Partners LLC acquired a new position in American Tower during the third quarter worth $32,000. Finally, Westside Investment Management Inc. lifted 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 valued at $33,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Insider Buying and Selling

In other news, COO Eugene M. Noel sold 41,209 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer directly owned 29,592 shares of the company's stock, valued at $5,653,551.60. This represents a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Rajesh Kalathur purchased 2,671 shares of the firm's stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average cost of $185.30 per share, with a total value of $494,936.30. Following the completion of the transaction, the director directly owned 4,936 shares of the company's stock, valued at $914,640.80. The trade was a 117.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AMT shares. Royal Bank Of Canada reduced their price objective on shares of American Tower from $220.00 to $195.00 and set a "sector perform" rating for the company in a report on Monday, January 12th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Tower in a research report on Monday, December 29th. Scotiabank cut their price target on American Tower from $220.00 to $214.00 and set a "sector outperform" rating for the company in a research note on Wednesday, February 25th. Barclays decreased their price objective on American Tower from $200.00 to $195.00 and set an "equal weight" rating for the company in a report on Thursday, April 16th. Finally, Jefferies Financial Group increased their price objective on American Tower from $209.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, American Tower has a consensus rating of "Moderate Buy" and a consensus price target of $217.33.

American Tower Stock Performance

NYSE AMT opened at $178.43 on Friday. The company has a fifty day moving average price of $180.88 and a 200-day moving average price of $180.26. The firm has a market cap of $83.16 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 0.75 and a beta of 0.92. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60. American Tower Corporation has a 1 year low of $165.08 and a 1 year high of $234.33.

American Tower (NYSE:AMT - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates of $2.54 by ($0.79). American Tower had a net margin of 23.76% and a return on equity of 24.36%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the previous year, the business earned $2.62 earnings per share. 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. As a group, equities research analysts predict that American Tower Corporation will post 10.59 EPS for the current fiscal year.

American Tower Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, April 14th. This is a boost from American Tower's previous quarterly dividend of $1.70. American Tower's dividend payout ratio (DPR) is presently 132.84%.

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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