Generali Asset Management SPA SGR Raises Stock Holdings in American Tower Corporation $AMT

Key Points

• Generali Asset Management boosted its stake in American Tower by 38.4%, buying an additional 13,924 shares to hold 50,150 shares worth about $8.81 million at quarter-end.
• American Tower beat quarterly expectations with $2.84 EPS (vs. $1.60 est.) and $2.74B revenue, raised FY‑2026 EPS guidance to 10.90–11.07, and maintains mostly positive analyst sentiment (average target ~$218).
• The company raised its quarterly dividend to $1.79 (annualized $7.16, ~4.0% yield), though the dividend payout ratio is elevated at about 115.7%.

Generali Asset Management SPA SGR boosted its stake in American Tower Corporation (NYSE:AMT - Free Report) by 38.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,150 shares of the real estate investment trust's stock after buying an additional 13,924 shares during the period. Generali Asset Management SPA SGR's holdings in American Tower were worth $8,805,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. acquired a new position in American Tower in the 4th quarter valued at about $25,000. Oakworth Capital Inc. grew its position in American Tower by 90.7% in the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 68 shares in the last quarter. Holos Integrated Wealth LLC acquired a new position in American Tower in the 4th quarter valued at about $27,000. Triumph Capital Management acquired a new position in American Tower in the 3rd quarter valued at about $29,000. Finally, Steph & Co. grew its position in American Tower by 87.2% in the 4th quarter. Steph & Co. now owns 176 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 82 shares in the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

American Tower Stock Performance

Shares of American Tower stock opened at $179.57 on Friday. American Tower Corporation has a one year low of $165.08 and a one year high of $234.33. The company has a market cap of $83.69 billion, a PE ratio of 29.01, a P/E/G ratio of 0.75 and a beta of 0.90. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. The business has a 50-day simple moving average of $179.45 and a 200-day simple moving average of $179.74.

American Tower (NYSE:AMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the company posted $2.75 earnings per share. The business's revenue for the quarter was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, equities research analysts forecast that American Tower Corporation will post 10.67 EPS for the current fiscal year.

American Tower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were given 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 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, April 14th. American Tower's dividend payout ratio is presently 115.67%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AMT shares. Truist Financial lifted their target price on American Tower from $205.00 to $208.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Scotiabank lifted their target price on American Tower from $214.00 to $218.00 and gave the company an "outperform" rating in a research report on Wednesday, April 29th. Sanford C. Bernstein lifted their target price on American Tower from $205.00 to $207.00 and gave the company a "market perform" rating in a research report on Tuesday, April 28th. The Goldman Sachs Group dropped their target price on American Tower from $230.00 to $210.00 and set a "buy" rating for the company in a research report on Friday, January 16th. Finally, Mizuho raised American Tower from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $189.00 to $205.00 in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $218.05.

Insider Transactions at American Tower

In other news, COO Eugene M. Noel sold 41,209 shares of the business's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $191.05, for a total transaction 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 approximately $5,653,551.60. The trade was a 58.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rajesh Kalathur acquired 2,671 shares of the stock in a transaction dated Tuesday, March 10th. The shares were bought 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 owned 4,936 shares of the company's stock, valued at approximately $914,640.80. This represents a 117.92% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders sold 42,181 shares of company stock valued at $8,046,071. 0.08% of the stock is currently owned by corporate insiders.

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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