Robeco Institutional Asset Management B.V. Lowers Holdings in American Tower Corporation $AMT

Key Points

• Robeco Institutional Asset Management B.V. cut its stake in American Tower by 8.1% in Q4, selling 16,729 shares and leaving it with 190,191 shares worth about $33.39 million.
• Q4 results showed EPS of $1.75 (missing estimates by $0.79) while revenue rose 7.5% to $2.74 billion, and the company set FY2026 guidance of $10.780–$10.950 EPS.
• American Tower increased its quarterly dividend to $1.79 (annualized $7.16) for a yield near 4.0%, with an ex-dividend date of April 14, though the payout ratio is elevated at 126.16%.

Robeco Institutional Asset Management B.V. lessened its stake in American Tower Corporation (NYSE:AMT - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,191 shares of the real estate investment trust's stock after selling 16,729 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in American Tower were worth $33,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of AMT. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of American Tower by 8.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,793 shares of the real estate investment trust's stock valued at $18,615,000 after purchasing an additional 7,872 shares in the last quarter. Eastern Bank boosted its position in shares of American Tower by 69.6% during the third quarter. Eastern Bank now owns 139,091 shares of the real estate investment trust's stock valued at $26,750,000 after buying an additional 57,078 shares during the last quarter. Machina Capital S.A.S. purchased a new stake in shares of American Tower during the third quarter valued at $2,871,000. Krilogy Financial LLC purchased a new stake in shares of American Tower during the third quarter valued at $1,044,000. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of American Tower by 92.4% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 61,397 shares of the real estate investment trust's stock valued at $11,808,000 after buying an additional 29,486 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.

American Tower Stock Up 1.0%

AMT stock opened at $181.06 on Tuesday. American Tower Corporation has a fifty-two week low of $165.08 and a fifty-two week high of $234.33. The business's 50-day moving average is $180.92 and its two-hundred day moving average is $180.94. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $84.39 billion, a price-to-earnings ratio of 33.59, a P/E/G ratio of 0.75 and a beta of 0.92.

American Tower (NYSE:AMT - Get Free Report) last posted its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates of $2.54 by ($0.79). American Tower had a net margin of 23.76% and a return on equity of 24.36%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the prior year, the company posted $2.62 EPS. The firm's revenue was up 7.5% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. As a group, analysts forecast that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be issued a $1.79 dividend. This is a positive change from American Tower's previous quarterly dividend of $1.70. This represents a $7.16 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, April 14th. American Tower's dividend payout ratio is currently 126.16%.

Insider Transactions at American Tower

In other American Tower news, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $191.05, for a total value of $7,872,979.45. Following the transaction, the chief operating officer 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rajesh Kalathur bought 2,671 shares of the stock in a transaction on Tuesday, March 10th. The stock was purchased at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the acquisition, the director owned 4,936 shares of the company's stock, valued at $914,640.80. This trade represents a 117.92% increase in their position. The SEC filing for this purchase provides additional information. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on AMT shares. UBS Group dropped 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. JPMorgan Chase & Co. dropped their price objective on American Tower from $250.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, January 12th. New Street Research raised American Tower from a "neutral" rating to a "buy" rating and set a $203.00 price objective on the stock in a research report on Monday, January 5th. Morgan Stanley dropped their price objective on American Tower from $225.00 to $220.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 25th. Finally, BMO Capital Markets increased their price objective on American Tower from $185.00 to $200.00 and gave the company a "market perform" rating in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, American Tower 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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