Harbor Investment Advisory LLC Has $2.57 Million Holdings in American Tower Corporation $AMT

Key Points

• Harbor Investment Advisory trimmed its stake in American Tower by 28.9% in Q4, selling 5,951 shares and ending the quarter with 14,654 shares valued at about $2.57 million; institutional investors now own roughly 92.7% of the stock.
• Quarterly results showed an EPS miss ($1.75 vs. $2.54 expected) despite revenue beating at $2.74 billion (up 7.5% YoY); the company raised its quarterly dividend to $1.79 (4.0% yield) and issued FY2026 EPS guidance of $10.78–$10.95, while analysts hold a consensus "Moderate Buy" and $217.35 price target.

Harbor Investment Advisory LLC trimmed its holdings in shares of American Tower Corporation (NYSE:AMT - Free Report) by 28.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,654 shares of the real estate investment trust's stock after selling 5,951 shares during the quarter. Harbor Investment Advisory LLC's holdings in American Tower were worth $2,573,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in American Tower by 8.9% during the third 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 purchasing an additional 7,872 shares during the period. Eastern Bank raised its position in shares of 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 purchasing an additional 57,078 shares during the period. Machina Capital S.A.S. bought a new position in shares of American Tower in the third quarter valued at approximately $2,871,000. Krilogy Financial LLC acquired a new stake in shares of American Tower in the third quarter worth $1,044,000. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in shares of American Tower by 92.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 61,397 shares of the real estate investment trust's stock worth $11,808,000 after buying an additional 29,486 shares during the period. 92.69% of the stock is currently owned by institutional investors.

American Tower Trading Down 3.3%

Shares of American Tower stock opened at $176.81 on Friday. American Tower Corporation has a 52-week low of $166.88 and a 52-week high of $234.33. The firm has a market capitalization of $82.41 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 0.77 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. The company's fifty day moving average price is $182.41 and its two-hundred day moving average price is $183.47.

American Tower (NYSE:AMT - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.75 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 return on equity of 24.36% and a net margin of 23.76%.American Tower's revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.62 earnings per share. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, analysts expect that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be issued a dividend of $1.79 per share. The ex-dividend date of this dividend 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 4.0%. American Tower's dividend payout ratio (DPR) is presently 132.84%.

Analyst Ratings Changes

AMT has been the subject of a number of research analyst reports. TD Cowen cut their target price on shares of American Tower from $235.00 to $225.00 in a research report on Wednesday, February 25th. BMO Capital Markets lifted their price objective on American Tower from $185.00 to $200.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 25th. Royal Bank Of Canada cut 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. Barclays restated an "equal weight" rating and set a $200.00 target price (down from $203.00) on shares of American Tower in a research note on Monday, December 1st. Finally, The Goldman Sachs Group dropped their price target on American Tower from $230.00 to $210.00 and set a "buy" rating on the stock in a research report on Friday, January 16th. One 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $217.35.

Insider Activity at American Tower

In related news, Director Rajesh Kalathur acquired 2,671 shares of the company's stock in a transaction on Tuesday, March 10th. The stock was purchased at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the purchase, 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Eugene M. Noel sold 41,209 shares of the 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 sale, 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 position. The SEC filing for this sale provides additional information. Corporate insiders own 0.17% of the company's stock.

About American Tower

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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