SBI Okasan Asset Management Co.Ltd. Takes $1.50 Million Position in American Tower Corporation $AMT

Key Points

• SBI Okasan Asset Management disclosed a new fourth-quarter stake in American Tower, buying 8,500 shares worth about $1.5 million.
• American Tower reported better-than-expected quarterly results, with EPS of $2.84 versus $1.60 expected and revenue of $2.74 billion, up 6.8% year over year.
• The company also announced a quarterly dividend of $1.79 per share, or $7.16 annualized, for a 3.8% yield; however, its payout ratio is high at 115.67%.

SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of American Tower Corporation (NYSE:AMT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,500 shares of the real estate investment trust's stock, valued at approximately $1,495,000.

Several other institutional investors have also added to or reduced their stakes in AMT. Richards Merrill & Peterson Inc. bought a new position in American Tower in the 4th quarter worth $25,000. Oakworth Capital Inc. increased its stake in shares of American Tower by 90.7% in the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 68 shares in the last quarter. Holos Integrated Wealth LLC bought a new position in shares of American Tower in the 4th quarter worth about $27,000. Triumph Capital Management bought a new position in shares of American Tower in the 3rd quarter worth about $29,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of American Tower in the 4th quarter worth about $30,000. 92.69% of the stock is currently owned by institutional investors.

American Tower Trading Up 1.1%

American Tower stock opened at $187.00 on Friday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. American Tower Corporation has a one year low of $165.08 and a one year high of $234.33. The stock has a market capitalization of $87.12 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 0.77 and a beta of 0.90. The business's fifty day moving average is $177.55 and its 200 day moving average is $179.31.

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

American Tower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, June 12th. American Tower's dividend payout ratio (DPR) is presently 115.67%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AMT shares. JPMorgan Chase & Co. decreased their price target on shares of American Tower from $245.00 to $240.00 and set an "overweight" rating for the company in a research note on Wednesday, April 29th. Scotiabank increased their price target on shares of American Tower from $214.00 to $218.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 29th. Sanford C. Bernstein upgraded shares of American Tower from a "market perform" rating to an "outperform" rating and set a $207.00 price target for the company in a research note on Tuesday, May 19th. Weiss Ratings raised shares of American Tower from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, May 11th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $195.00 price objective on shares of American Tower in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $216.20.

Insider Activity

In related news, Director Rajesh Kalathur purchased 2,671 shares of the company's stock in a transaction dated Tuesday, March 10th. The shares were purchased at an average price of $185.30 per share, with a total value of $494,936.30. Following the acquisition, the director directly owned 4,936 shares in the company, valued at $914,640.80. The trade was a 117.92% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Eugene M. Noel sold 41,209 shares of the firm's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the sale, the chief operating officer directly owned 29,592 shares in the company, valued at approximately $5,653,551.60. The trade was a 58.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 42,181 shares of company stock valued at $8,046,071 in the last 90 days. 0.08% of the stock is currently owned by insiders.

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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