OneDigital Investment Advisors LLC Purchases New Stake in American Tower Corporation $AMT

Key Points

• OneDigital Investment Advisors acquired 7,322 American Tower shares worth approximately $1.2 million, while institutional investors collectively own 92.69% of the REIT.
• American Tower reported quarterly EPS of $2.71, exceeding the $1.57 analyst estimate, on revenue of $2.75 billion, up 4.6% year over year. The company reaffirmed fiscal 2026 EPS guidance of $11.00–$11.17.
• The stock traded near $172.12 and pays a quarterly dividend of $1.79, equivalent to a 4.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $215.14, although insiders sold shares recently.

OneDigital Investment Advisors LLC acquired a new position in shares of American Tower Corporation (NYSE:AMT - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,322 shares of the real estate investment trust's stock, valued at approximately $1,198,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. purchased a new position in shares of American Tower during the 4th quarter worth $25,000. Oakworth Capital Inc. grew its holdings in shares of American Tower by 90.7% in the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 68 shares during the period. Swiss RE Ltd. purchased a new stake in shares of American Tower in the fourth quarter valued at about $25,000. Allied Private Wealth LLC acquired a new stake in American Tower during the second quarter worth about $29,000. Finally, Triumph Capital Management acquired a new stake in American Tower during the third quarter worth about $29,000. Institutional investors and hedge funds own 92.69% of the company's stock.

American Tower Trading Down 2.0%

Shares of NYSE AMT opened at $172.12 on Tuesday. American Tower Corporation has a twelve month low of $160.06 and a twelve month high of $214.79. 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 fifty day simple moving average of $172.48 and a 200-day simple moving average of $177.87. The stock has a market capitalization of $80.20 billion, a PE ratio of 23.68, a PEG ratio of 2.79 and a beta of 0.90.

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

American Tower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Friday, June 12th were paid a dividend of $1.79 per share. 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 dividend payout ratio is presently 98.49%.

Insider Buying and Selling

In related news, EVP Ruth T. Dowling sold 1,106 shares of the business's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total transaction of $193,505.76. Following the completion of the transaction, the executive vice president directly owned 27,711 shares of the company's stock, valued at $4,848,316.56. The trade was a 3.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 dated 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 owned 21,428 shares in the company, valued at approximately $3,833,254.92. This trade represents a 18.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 6,791 shares of company stock worth $1,204,091. 0.08% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on AMT shares. Jefferies Financial Group decreased their target price on shares of American Tower from $210.00 to $201.00 and set a "buy" rating on the stock in a report on Wednesday, July 15th. Scotiabank restated an "outperform" rating on shares of American Tower in a report on Wednesday, July 29th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $214.00 price target on shares of American Tower in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lowered their price objective on American Tower from $245.00 to $240.00 and set an "overweight" rating for the company in a research report on Wednesday, April 29th. Finally, Weiss Ratings raised American Tower from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 14th. One 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $215.14.

American Tower 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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