Dynamic Advisor Solutions LLC Has $4.27 Million Stake in American Tower Corporation $AMT

Key Points

• Dynamic Advisor Solutions LLC increased its stake in American Tower Corporation by 28.6% during the second quarter, acquiring an additional 4,301 shares, with total holdings valued at approximately $4.27 million.
• Several well-known hedge funds, including the Vanguard Group and Price T Rowe Associates, have also increased their investments in American Tower, demonstrating strong institutional interest.
• American Tower's latest earnings report showed $2.60 EPS, exceeding analysts' expectations, despite a 9.4% decline in revenue compared to the previous year.

Dynamic Advisor Solutions LLC boosted its stake in shares of American Tower Corporation (NYSE:AMT - Free Report) by 28.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,330 shares of the real estate investment trust's stock after buying an additional 4,301 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in American Tower were worth $4,272,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lineweaver Wealth Advisors LLC grew its position in shares of American Tower by 7.9% in the 2nd quarter. Lineweaver Wealth Advisors LLC now owns 5,142 shares of the real estate investment trust's stock worth $1,137,000 after buying an additional 375 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in shares of American Tower by 16.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 537 shares of the real estate investment trust's stock worth $119,000 after buying an additional 76 shares during the last quarter. Pines Wealth Management LLC grew its position in shares of American Tower by 6.7% in the 2nd quarter. Pines Wealth Management LLC now owns 1,430 shares of the real estate investment trust's stock worth $317,000 after buying an additional 90 shares during the last quarter. Sapient Capital LLC purchased a new position in shares of American Tower in the 2nd quarter worth approximately $423,000. Finally, Balefire LLC grew its position in shares of American Tower by 14.1% in the 2nd quarter. Balefire LLC now owns 1,597 shares of the real estate investment trust's stock worth $353,000 after buying an additional 197 shares during the last quarter. Institutional investors own 92.69% of the company's stock.

American Tower Price Performance

American Tower stock traded up $0.26 during trading hours on Friday, hitting $193.29. 5,329,524 shares of the company traded hands, compared to its average volume of 2,945,268. The firm's 50-day simple moving average is $208.18 and its two-hundred day simple moving average is $213.00. The firm has a market cap of $90.51 billion, a P/E ratio of 70.29, a P/E/G ratio of 1.19 and a beta of 0.86. American Tower Corporation has a 1-year low of $172.51 and a 1-year high of $238.34. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 3.36.

American Tower (NYSE:AMT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $2.60 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.01. American Tower had a return on equity of 24.85% and a net margin of 12.60%.The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period last year, the company posted $2.79 EPS. The business's quarterly revenue was down 9.4% compared to the same quarter last year. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. As a group, analysts forecast that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th will be given a $1.70 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $6.80 annualized dividend and a yield of 3.5%. American Tower's payout ratio is presently 247.27%.

Analyst Ratings Changes

A number of research firms recently commented on AMT. Raymond James Financial set a $250.00 target price on shares of American Tower and gave the stock a "strong-buy" rating in a research note on Wednesday, July 30th. UBS Group lifted their price objective on shares of American Tower from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. HSBC cut shares of American Tower from a "buy" rating to a "hold" rating and set a $235.00 price objective for the company. in a research note on Wednesday, July 30th. Royal Bank Of Canada lifted their price objective on shares of American Tower from $250.00 to $260.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Hsbc Global Res cut shares of American Tower from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $244.73.

Insider Transactions at American Tower

In other news, CEO Juan Font sold 720 shares of the business's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $208.33, for a total transaction of $149,997.60. Following the completion of the sale, the chief executive officer owned 23,425 shares in the company, valued at $4,880,130.25. The trade was a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.17% of the company's stock.

About American Tower

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.