Inceptionr LLC Takes $1.95 Million Position in American Tower Corporation $AMT

Key Points

• Inceptionr LLC opened a new position in American Tower during the fourth quarter, buying 11,103 shares valued at about $1.95 million. The stake represents roughly 0.5% of the firm’s portfolio and is its 4th largest holding.
• American Tower continues to draw significant institutional interest, with 92.69% of the stock owned by institutional investors. Several other funds also increased or initiated positions in the company during the quarter.
• Wall Street remains generally bullish on AMT, with analysts assigning a Moderate Buy consensus and an average target price of $216.20. The company also recently beat earnings expectations, reported 6.8% revenue growth, and declared a quarterly dividend of $1.79 per share.

Inceptionr LLC bought a new position in shares of American Tower Corporation (NYSE:AMT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,103 shares of the real estate investment trust's stock, valued at approximately $1,949,000. American Tower accounts for approximately 0.5% of Inceptionr LLC's investment portfolio, making the stock its 4th largest holding.

Several other institutional investors have also added to or reduced their stakes in AMT. Gilpin Wealth Management LLC bought a new position in American Tower during the fourth quarter worth about $66,000. Wellspring Financial Advisors LLC acquired a new position in shares of American Tower during the 4th quarter worth approximately $232,000. Zions Bancorporation National Association UT grew its position in shares of American Tower by 148.9% during the 4th quarter. Zions Bancorporation National Association UT now owns 4,485 shares of the real estate investment trust's stock worth $787,000 after purchasing an additional 2,683 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of American Tower by 55.8% during the fourth quarter. Metis Global Partners LLC now owns 41,554 shares of the real estate investment trust's stock worth $7,296,000 after purchasing an additional 14,883 shares during the period. Finally, Capital Analysts LLC increased its holdings in shares of American Tower by 6.9% during the fourth quarter. Capital Analysts LLC now owns 68,594 shares of the real estate investment trust's stock worth $12,043,000 after purchasing an additional 4,442 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMT has been the subject of several recent research reports. Morgan Stanley cut their price target on American Tower from $225.00 to $220.00 and set an "overweight" rating for the company in a research note on Wednesday, February 25th. Citizens Jmp reaffirmed a "market outperform" rating and issued a $260.00 price objective on shares of American Tower in a report on Wednesday, April 29th. Jefferies Financial Group upped their target price on American Tower from $209.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday, April 14th. JPMorgan Chase & Co. reduced their target price on American Tower from $245.00 to $240.00 and set an "overweight" rating on the stock in a report on Wednesday, April 29th. Finally, Weiss Ratings raised American Tower from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, American Tower has an average rating of "Moderate Buy" and an average target price of $216.20.

American Tower Stock Performance

NYSE AMT opened at $192.62 on Thursday. The firm's 50 day simple moving average is $180.35 and its 200 day simple moving average is $179.80. The firm has a market capitalization of $89.74 billion, a price-to-earnings ratio of 31.12, a P/E/G ratio of 0.80 and a beta of 0.90. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. 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 announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, beating the consensus estimate of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. 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 business earned $2.75 earnings per share. The company's revenue was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, research analysts expect that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be issued a dividend of $1.79 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.7%. American Tower's payout ratio is 115.67%.

Insider Buying and Selling at American Tower

In related news, EVP Ruth T. Dowling sold 416 shares of the company's stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total transaction of $73,856.64. Following the completion of the sale, the executive vice president directly owned 29,461 shares in the company, valued at $5,230,505.94. This represents a 1.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by corporate insiders.

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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