Kopion Asset Management LLC Purchases 30,545 Shares of American Tower Corporation $AMT

Key Points

• Kopion Asset Management purchased 30,545 American Tower shares worth approximately $5 million, making AMT its 13th-largest holding and representing 3.3% of its portfolio. Institutional investors collectively own 92.69% of the company.
• American Tower reported quarterly revenue of $2.75 billion and EPS of $2.71, exceeding analyst expectations, while revenue increased 4.6% year over year. The company issued FY 2026 EPS guidance of $11.00–$11.17.
• The REIT declared a quarterly dividend of $1.79, equivalent to $7.16 annually and a 4.0% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $215.48, above the reported share price of $179.49.

Kopion Asset Management LLC purchased a new stake in American Tower Corporation (NYSE:AMT - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,545 shares of the real estate investment trust's stock, valued at approximately $5,000,000. American Tower comprises about 3.3% of Kopion Asset Management LLC's holdings, making the stock its 13th biggest holding.

Several other institutional investors have also recently made changes to their positions in AMT. Operose Advisors LLC purchased a new stake in shares of American Tower in the second quarter valued at about $25,000. Allied Private Wealth LLC purchased a new position in American Tower during the second quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in American Tower in the 2nd quarter worth about $33,000. Kelleher Financial Advisors purchased a new stake in American Tower in the 2nd quarter valued at about $37,000. Finally, Cache Advisors LLC bought a new position in shares of American Tower during the 1st quarter worth approximately $38,000. Institutional investors own 92.69% of the company's stock.

Insider Buying and Selling at American Tower

In other American Tower news, Director Rajesh Kalathur acquired 2,829 shares of the company's stock in a transaction on Friday, August 21st. The shares were acquired at an average cost of $177.00 per share, with a total value of $500,733.00. Following the completion of the acquisition, the director directly owned 7,765 shares in the company, valued at $1,374,405. This trade represents a 57.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert Joseph Meyer sold 5,000 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total transaction of $894,450.00. Following the transaction, the chief financial officer owned 21,428 shares of the company's stock, valued at $3,833,254.92. This represents a 18.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,791 shares of company stock valued at $1,204,091 over the last three months. 0.08% of the stock is currently owned by insiders.

American Tower Stock Performance

NYSE AMT traded up $12.76 on Friday, hitting $179.49. 4,846,035 shares of the stock traded hands, compared to its average volume of 3,057,396. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52. The business's fifty day moving average is $172.45 and its two-hundred day moving average is $174.92. American Tower Corporation has a 12 month low of $160.06 and a 12 month high of $196.08. The firm has a market capitalization of $83.63 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 2.67 and a beta of 0.88.

American Tower (NYSE:AMT - Get Free Report) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $1.14. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the company posted $2.60 earnings per share. The business's revenue was up 4.6% on a year-over-year basis. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, equities analysts anticipate that American Tower Corporation will post 10.8 EPS for the current fiscal year.

American Tower Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Wednesday, September 30th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, September 30th. American Tower's payout ratio is currently 98.49%.

Wall Street Analysts Forecast Growth

AMT has been the subject of several recent analyst reports. Jefferies Financial Group reduced their target price on American Tower from $210.00 to $201.00 and set a "buy" rating for the company in a report on Wednesday, July 15th. Royal Bank Of Canada raised American Tower from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $195.00 to $205.00 in a research report on Friday, June 26th. TD Cowen upped their price objective on American Tower from $225.00 to $227.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Truist Financial reaffirmed a "buy" rating and set a $207.00 target price (down from $208.00) on shares of American Tower in a research report on Wednesday, August 12th. Finally, BMO Capital Markets boosted their price target 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. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $215.48.

About American Tower

American Tower Corporation NYSE: AMT is a global real estate investment trust that owns, operates and develops communications infrastructure. Its portfolio includes wireless and broadcast towers, rooftop sites, distributed antenna systems and other facilities that support wireless communications, television and radio broadcasting, government communications and other connectivity services.

The company leases space on its communications sites to wireless carriers, broadcasters, government agencies and other customers.

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