Ritholtz Wealth Management Cuts Stake in American Tower Corporation $AMT

Key Points

• Ritholtz Wealth Management cut its AMT stake by 69.6% in Q4, selling 13,585 shares and leaving the firm with 5,947 shares valued at $1,044,000.
• Mixed insider activity: Director Rajesh Kalathur bought 2,671 shares at $185.30, while COO Eugene M. Noel sold 41,209 shares at $191.05, signaling conflicting insider moves.
• Operational and capital actions: AMT missed quarterly EPS ($1.75 vs. $2.54 est.) but beat revenue, set FY2026 guidance of $10.78–$10.95 EPS, and raised its quarterly dividend to $1.79 (4.1% yield) with a 126.16% payout ratio.

Ritholtz Wealth Management reduced its position in American Tower Corporation (NYSE:AMT - Free Report) by 69.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,947 shares of the real estate investment trust's stock after selling 13,585 shares during the quarter. Ritholtz Wealth Management's holdings in American Tower were worth $1,044,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in American Tower by 113.0% in the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust's stock worth $727,000 after purchasing an additional 2,104 shares in the last quarter. Sivia Capital Partners LLC boosted its position in American Tower by 34.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust's stock worth $319,000 after purchasing an additional 368 shares in the last quarter. United Bank boosted its position in American Tower by 12.7% in the 2nd quarter. United Bank now owns 6,488 shares of the real estate investment trust's stock worth $1,434,000 after purchasing an additional 733 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in American Tower by 2.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 218,511 shares of the real estate investment trust's stock worth $48,295,000 after purchasing an additional 4,778 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in American Tower by 52.2% in the 2nd quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust's stock worth $7,570,000 after purchasing an additional 11,751 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Rajesh Kalathur acquired 2,671 shares of American Tower stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average cost of $185.30 per share, with a total value of $494,936.30. Following the purchase, the director owned 4,936 shares in the company, valued at $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total value of $7,872,979.45. Following the completion of the transaction, the chief operating officer directly owned 29,592 shares of the company's stock, valued at approximately $5,653,551.60. This represents a 58.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.18% of the stock is owned by corporate insiders.

American Tower Trading Down 2.5%

Shares of AMT stock opened at $176.41 on Wednesday. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $82.22 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 0.76 and a beta of 0.92. The stock has a 50 day simple moving average of $180.97 and a 200-day simple moving average of $180.81. 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 released its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share for the quarter, missing the consensus estimate of $2.54 by ($0.79). American Tower had a return on equity of 24.36% and a net margin of 23.76%.The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the company earned $2.62 EPS. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, equities research analysts expect that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be given a dividend of $1.79 per share. This is a boost from American Tower's previous quarterly dividend of $1.70. The ex-dividend date is Tuesday, April 14th. This represents a $7.16 annualized dividend and a dividend yield of 4.1%. American Tower's payout ratio is currently 126.16%.

Analyst Upgrades and Downgrades

AMT has been the topic of several recent research reports. UBS Group lowered their price objective on American Tower from $254.00 to $248.00 and set a "buy" rating on the stock in a research report on Wednesday, February 25th. Jefferies Financial Group increased their target price on shares of American Tower from $200.00 to $209.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. Scotiabank lowered their target price on shares of American Tower from $220.00 to $214.00 and set a "sector outperform" rating on the stock in a research note on Wednesday, February 25th. Sanford C. Bernstein began coverage on shares of American Tower in a research note on Thursday, March 5th. They set a "market perform" rating and a $205.00 target price on the stock. Finally, New Street Research raised shares of American Tower from a "neutral" rating to a "buy" rating and set a $203.00 target price on the stock in a research note on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, American Tower currently has a consensus rating of "Moderate Buy" and an average target price of $216.76.

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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