M. Kulyk & Associates LLC Acquires New Holdings in American Tower Corporation $AMT

Key Points

• M. Kulyk & Associates acquired 27,775 shares of American Tower in the second quarter, valued at approximately $4.54 million. Institutional investors collectively own 92.69% of the company.
• American Tower reported quarterly earnings of $2.71 per share, beating estimates of $1.57, while revenue rose 4.6% year over year to $2.75 billion. The company issued full-year 2026 EPS guidance of $11.00–$11.17.
• The REIT pays a quarterly dividend of $1.79, or $7.16 annually, yielding about 4.2%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $215.14, above the reported share price of $172.45.

M. Kulyk & Associates LLC purchased a new stake in American Tower Corporation (NYSE:AMT - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 27,775 shares of the real estate investment trust's stock, valued at approximately $4,543,000.

Other large investors have also recently modified their holdings of the company. Meeder Advisory Services Inc. purchased a new position in American Tower in the second quarter worth $1,112,000. Meeder Asset Management Inc. acquired a new position in shares of American Tower in the second quarter valued at about $54,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of American Tower during the second quarter worth about $413,000. Aegis Wealth Management LLC purchased a new stake in American Tower in the second quarter valued at approximately $218,000. Finally, UNIVEST FINANCIAL Corp purchased a new stake in shares of American Tower in the 2nd quarter valued at $10,290,000. Institutional investors own 92.69% of the company's stock.

American Tower Stock Performance

NYSE AMT opened at $172.45 on Wednesday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.12. The stock has a market cap of $80.35 billion, a PE ratio of 23.72, a P/E/G ratio of 2.79 and a beta of 0.90. The stock has a fifty day simple moving average of $172.11 and a 200-day simple moving average of $177.84. American Tower Corporation has a twelve month low of $160.06 and a twelve month high of $214.79.

American Tower (NYSE:AMT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $1.14. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The business had revenue of $2.75 billion during the quarter, compared to analysts' expectations of $2.70 billion. During the same period last year, the business earned $2.60 earnings per share. The business's revenue for the quarter was up 4.6% on a year-over-year basis. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Equities analysts anticipate that American Tower Corporation will post 10.78 earnings per share for the current year.

American Tower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Friday, June 12th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, June 12th. American Tower's payout ratio is currently 98.49%.

Analysts Set New Price Targets

A number of analysts have recently commented on AMT shares. Citizens Jmp restated a "market outperform" rating and issued a $260.00 target price on shares of American Tower in a research note on Wednesday, April 29th. TD Cowen upped their price target on shares of American Tower from $225.00 to $227.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $240.00 price target on shares of American Tower in a research note on Wednesday, April 29th. Truist Financial reaffirmed a "buy" rating and issued a $207.00 price target (down from $208.00) on shares of American Tower in a research note on Wednesday, August 12th. Finally, Wolfe Research upgraded shares of American Tower from a "peer perform" rating to an "outperform" rating and set a $188.00 price target on the stock in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $215.14.

Insider Buying and Selling

In related news, EVP Ruth T. Dowling sold 1,106 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total transaction of $193,505.76. Following the sale, the executive vice president directly owned 27,711 shares of the company's stock, valued at $4,848,316.56. This represents a 3.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Joseph Meyer sold 5,000 shares of the company's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the sale, the chief financial officer directly owned 21,428 shares in the company, 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 sold 6,791 shares of company stock valued at $1,204,091 in the last 90 days. Company insiders own 0.08% of the company's stock.

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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