Seilern Investment Management Ltd Makes New Investment in American Tower Corporation $AMT

Key Points

• Seilern Investment Management acquired 169,676 American Tower shares worth approximately $27.8 million, making AMT its 15th-largest holding and representing 3.5% of its portfolio.
• Analysts maintain a generally positive outlook, with 17 Buy ratings, one Strong Buy, and two Holds; the consensus rating is Moderate Buy with an average price target of $215.48.
• American Tower shares recently traded at $180.91, while the company reported quarterly earnings and revenue above expectations and declared a $1.79 quarterly dividend, equivalent to a 4.0% annualized yield.

Seilern Investment Management Ltd acquired a new stake in shares of American Tower Corporation (NYSE:AMT - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 169,676 shares of the real estate investment trust's stock, valued at approximately $27,774,000. American Tower accounts for 3.5% of Seilern Investment Management Ltd's portfolio, making the stock its 15th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Twin City Private Wealth LLC increased its stake in American Tower by 0.7% in the fourth quarter. Twin City Private Wealth LLC now owns 7,799 shares of the real estate investment trust's stock worth $1,382,000 after purchasing an additional 58 shares during the period. Asset Advisory Group Inc. boosted its stake in shares of American Tower by 3.0% during the first quarter. Asset Advisory Group Inc. now owns 2,072 shares of the real estate investment trust's stock valued at $358,000 after purchasing an additional 60 shares during the period. Anchor Investment Management LLC boosted its stake in shares of American Tower by 2.7% during the fourth quarter. Anchor Investment Management LLC now owns 2,351 shares of the real estate investment trust's stock valued at $413,000 after purchasing an additional 62 shares during the period. Community Financial Services Group LLC grew its holdings in shares of American Tower by 1.2% in the second quarter. Community Financial Services Group LLC now owns 5,388 shares of the real estate investment trust's stock worth $895,000 after purchasing an additional 65 shares during the last quarter. Finally, Sunburst Financial Group LLC grew its holdings in shares of American Tower by 3.5% in the second quarter. Sunburst Financial Group LLC now owns 1,933 shares of the real estate investment trust's stock worth $316,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 92.69% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein reiterated an "outperform" rating and set a $214.00 price objective on shares of American Tower in a report on Wednesday, July 29th. BMO Capital Markets boosted their price objective on shares of American Tower from $190.00 to $195.00 and gave the company a "market perform" rating in a research report on Wednesday, July 29th. Jefferies Financial Group dropped their target price on shares of American Tower from $210.00 to $201.00 and set a "buy" rating on the stock in a research note on Wednesday, July 15th. Barclays raised their target price on shares of American Tower from $198.00 to $199.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 30th. Finally, Mizuho set a $208.00 price target on shares of American Tower in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $215.48.

American Tower Stock Down 0.9%

Shares of American Tower stock traded down $1.65 during trading on Tuesday, hitting $180.91. 1,191,938 shares of the stock traded hands, compared to its average volume of 3,069,223. The firm has a market cap of $84.29 billion, a P/E ratio of 24.90, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.12. American Tower Corporation has a 52-week low of $160.06 and a 52-week high of $196.08. The stock's fifty day simple moving average is $172.80 and its 200 day simple moving average is $175.05.

American Tower (NYSE:AMT - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $1.14. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the firm earned $2.60 earnings per share. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, equities analysts predict that American Tower Corporation will post 10.80 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $1.79 per share. The ex-dividend date is Wednesday, September 30th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.0%. American Tower's dividend payout ratio (DPR) is currently 98.49%.

Insider Activity

In related news, EVP Ruth T. Dowling sold 1,106 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total value of $193,505.76. Following the completion of the transaction, the executive vice president owned 27,711 shares of the company's stock, valued at $4,848,316.56. The trade was a 3.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur bought 2,829 shares of the stock in a transaction on Friday, August 21st. The shares were bought at an average price of $177.00 per share, with a total value of $500,733.00. Following the acquisition, the director owned 7,765 shares of the company's stock, valued at $1,374,405. This trade represents a 57.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have sold 6,791 shares of company stock worth $1,204,091. Corporate insiders own 0.08% of the company's stock.

American Tower Company Profile

American Tower Corporation NYSE: AMT is a global real estate investment trust that owns, operates and develops communications infrastructure. Its portfolio includes wireless and broadcast towers, rooftop sites, distributed antenna systems and other facilities that support wireless communications, television and radio broadcasting, government communications and other connectivity services.

The company leases space on its communications sites to wireless carriers, broadcasters, government agencies and other customers.

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