S Bank Fund Management Ltd Raises Stake in American Tower Corporation $AMT

Key Points

• S Bank Fund Management raised its stake in American Tower by 302.6% in Q4, now owning 14,692 shares valued at about $2.58 million.
• American Tower beat quarterly estimates with EPS of $2.84 versus $1.60 expected and revenue of $2.74 billion, and set FY2026 guidance of roughly 10.90–11.07 EPS.
• The company raised its quarterly dividend to $1.79 (annualized $7.16, ~4.0% yield) while insiders sold ~42,181 shares worth ~$8.05 million last quarter; institutional investors own about 92.69% of the stock.

S Bank Fund Management Ltd raised its holdings in shares of American Tower Corporation (NYSE:AMT - Free Report) by 302.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,692 shares of the real estate investment trust's stock after acquiring an additional 11,043 shares during the period. S Bank Fund Management Ltd's holdings in American Tower were worth $2,579,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AMT. Brighton Jones LLC boosted its position in American Tower by 113.0% during the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust's stock valued at $727,000 after buying an additional 2,104 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of American Tower by 34.3% in the second quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust's stock worth $319,000 after buying an additional 368 shares during the period. United Bank lifted its stake in shares of American Tower by 12.7% in the 2nd quarter. United Bank now owns 6,488 shares of the real estate investment trust's stock valued at $1,434,000 after acquiring an additional 733 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of 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 valued at $48,295,000 after acquiring an additional 4,778 shares during the last quarter. Finally, Ieq Capital LLC boosted its holdings in American Tower by 52.2% during the 2nd quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust's stock valued at $7,570,000 after acquiring an additional 11,751 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other American Tower news, EVP Ruth T. Dowling sold 556 shares of the firm's stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total transaction of $99,234.88. Following the completion of the transaction, the executive vice president owned 29,877 shares of the company's stock, valued at approximately $5,332,446.96. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Eugene M. Noel sold 41,209 shares of the company's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the completion of the sale, the chief operating officer directly owned 29,592 shares in the company, valued at $5,653,551.60. This represents a 58.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 42,181 shares of company stock worth $8,046,071. Company insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMT. TD Cowen decreased their price target on American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $195.00 price target on shares of American Tower in a report on Thursday, April 30th. UBS Group cut their price target on shares of American Tower from $254.00 to $248.00 and set a "buy" rating on the stock in a report on Wednesday, February 25th. Barclays decreased their price objective on shares of American Tower from $200.00 to $195.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 16th. Finally, Weiss Ratings lowered shares of American Tower from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, American Tower presently has a consensus rating of "Moderate Buy" and an average price target of $218.05.

American Tower Stock Performance

NYSE:AMT opened at $178.17 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. The firm's fifty day simple moving average is $179.86 and its 200 day simple moving average is $179.90. The stock has a market cap of $83.04 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 0.76 and a beta of 0.90. American Tower Corporation has a twelve month low of $165.08 and a twelve month high of $234.33.

American Tower (NYSE:AMT - Get Free Report) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping the consensus estimate of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The firm had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.66 billion. During the same period last year, the company posted $2.75 EPS. The company's quarterly revenue was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, research analysts predict that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, April 14th. This is a positive change from American Tower's previous quarterly dividend of $1.70. American Tower's payout ratio is presently 115.67%.

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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