International Assets Investment Management LLC Purchases 70,641 Shares of American Tower Corporation $AMT

Key Points

• International Assets Investment Management increased its American Tower stake by 1,620.6% in the third quarter, acquiring 70,641 additional shares and ending with a 75,000-share position valued at $12.28 million.
• Institutional ownership remains high at 92.69%, while an American Tower director bought $500,733 worth of shares; an executive vice president separately sold 952 shares under a Rule 10b5-1 plan.
• American Tower’s quarterly EPS matched estimates at $1.64, revenue exceeded forecasts at $2.79 billion, and the board authorized a $2 billion share-repurchase program. Analysts maintain a “Moderate Buy” consensus with an average price target of $216.44, alongside a 3.8% dividend yield.

International Assets Investment Management LLC increased its position in American Tower Corporation (NYSE:AMT - Free Report) by 1,620.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,000 shares of the real estate investment trust's stock after acquiring an additional 70,641 shares during the quarter. International Assets Investment Management LLC's holdings in American Tower were worth $12,277,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AMT. Raleigh Capital Management Inc. raised its holdings in shares of American Tower by 489.1% in the 1st quarter. Raleigh Capital Management Inc. now owns 13,703 shares of the real estate investment trust's stock valued at $2,365,000 after acquiring an additional 11,377 shares in the last quarter. Canal Capital Management LLC boosted its position in shares of American Tower by 81.9% during the 1st quarter. Canal Capital Management LLC now owns 34,471 shares of the real estate investment trust's stock valued at $5,949,000 after acquiring an additional 15,520 shares during the last quarter. Bernzott Capital Advisors grew its holdings in shares of American Tower by 29.3% during the first quarter. Bernzott Capital Advisors now owns 42,161 shares of the real estate investment trust's stock worth $7,276,000 after purchasing an additional 9,556 shares in the last quarter. BIP Wealth LLC purchased a new stake in American Tower in the second quarter valued at approximately $1,004,000. Finally, Groupe la Francaise lifted its position in American Tower by 319.0% during the second quarter. Groupe la Francaise now owns 33,505 shares of the real estate investment trust's stock valued at $5,481,000 after purchasing an additional 25,508 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.

Insider Transactions at American Tower

In other American Tower news, Director Rajesh Kalathur acquired 2,829 shares of the company's stock in a transaction that occurred on Friday, August 21st. The shares were acquired at an average price of $177.00 per share, with a total value of $500,733.00. Following the completion of the purchase, the director directly owned 7,765 shares of the company's stock, valued at approximately $1,374,405. The trade was a 57.31% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ruth Dowling sold 952 shares of the company's stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $185.81, for a total transaction of $176,891.12. Following the completion of the sale, the executive vice president owned 26,133 shares in the company, valued at approximately $4,855,772.73. This trade represents a 3.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company's stock.

American Tower Price Performance

Shares of AMT stock opened at $187.83 on Friday. The business's fifty day moving average is $175.85 and its 200 day moving average is $177.35. The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 3.30. The stock has a market cap of $87.52 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 3.39 and a beta of 0.88. American Tower Corporation has a twelve month low of $160.06 and a twelve month high of $202.50.

American Tower (NYSE:AMT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $1.64 EPS for the quarter, meeting the consensus estimate of $1.64. American Tower had a return on equity of 32.71% and a net margin of 30.10%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the firm posted $2.78 earnings per share. The company's revenue for the quarter was up 2.5% on a year-over-year basis. Research analysts expect that American Tower Corporation will post 10.80 EPS for the current fiscal year.

American Tower announced that its board has authorized a stock repurchase program on Tuesday, October 27th that authorizes the company to buy back $2 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

American Tower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Wednesday, September 30th were paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Wednesday, September 30th. American Tower's dividend payout ratio (DPR) is presently 100.99%.

Analysts Set New Price Targets

AMT has been the subject of a number of research reports. Wolfe Research raised shares of American Tower from a "peer perform" rating to an "outperform" rating and set a $188.00 price target for the company in a research note on Wednesday, July 8th. BMO Capital Markets lifted their price objective on shares of American Tower from $190.00 to $195.00 and gave the stock a "market perform" rating in a report on Wednesday, July 29th. Sanford C. Bernstein reduced their price objective on American Tower from $214.00 to $212.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 20th. Jefferies Financial Group lowered their price objective on shares of American Tower from $210.00 to $201.00 and set a "buy" rating for the company in a report on Wednesday, July 15th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of American Tower in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $216.44.

Key American Tower News

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: Truist raises target and reiterates Buy: Truist Financial increased its price target for AMT from $207 to $210 and assigned a “Buy” rating. The new target implies approximately 12% upside from the reference price, providing a positive near-term catalyst.
• Positive Sentiment: Share repurchase plan approved: American Tower’s board approved a stock repurchase plan, potentially supporting the share price and signaling management’s confidence in the company’s valuation and cash-generation ability. Stock Repurchase Plan Approved by American Tower Board
• Positive Sentiment: CoreSite outlook remains favorable: Coverage highlighted CoreSite’s repeated guidance increases, suggesting continued strength in American Tower’s data-center and digital-infrastructure operations. Why Is CoreSite Lifting American Tower Guidance Again?
• Neutral Sentiment: Recent earnings were broadly in line: Third-quarter EPS matched consensus, while revenue exceeded estimates and increased year over year. The results provide fundamental support, although earnings growth remains a key consideration for investors. American Tower Q3 2026 Earnings
• Neutral Sentiment: Analyst views are mixed: Recent coverage describes differing opinions on AMT and other real-estate stocks, while performance comparisons examine whether American Tower is outperforming its finance-sector peers. Analysts Offer Insights on Real Estate Companies
• Negative Sentiment: JPMorgan and Citigroup lowered expectations: Both firms recently reduced their price targets for AMT, tempering the bullish impact of Truist’s upgrade. Citigroup nevertheless retained a “Buy” rating while cutting its target from $225 to $220. Citigroup Cuts American Tower Price Target JPMorgan Lowers Expectations for American Tower

About American Tower

American Tower Corporation NYSE: AMT is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications.

The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations.

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