Stevens Capital Management LP Has $2.83 Million Holdings in American Tower Corporation $AMT

Stevens Capital Management LP trimmed its holdings in American Tower Corporation (NYSE:AMT - Free Report) by 31.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,142 shares of the real estate investment trust's stock after selling 7,342 shares during the quarter. American Tower accounts for 1.0% of Stevens Capital Management LP's portfolio, making the stock its 25th largest holding. Stevens Capital Management LP's holdings in American Tower were worth $2,834,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Oakworth Capital Inc. raised its position in shares of American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 68 shares during the last quarter. Richards Merrill & Peterson Inc. acquired a new stake in American Tower during the fourth quarter worth about $25,000. Triumph Capital Management bought a new position in American Tower during the third quarter valued at about $29,000. Holos Integrated Wealth LLC acquired a new position in American Tower in the 4th quarter valued at approximately $27,000. Finally, Root Financial Partners LLC acquired a new position in American Tower in the 3rd quarter valued at approximately $32,000. Institutional investors own 92.69% of the company's stock.

Insider Buying and Selling

In other news, Director Rajesh Kalathur purchased 2,671 shares of the business's 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 acquisition, the director directly owned 4,936 shares of the company's stock, valued at approximately $914,640.80. This trade represents a 117.92% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Eugene M. Noel sold 41,209 shares of the business'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 completion of the transaction, the chief operating officer owned 29,592 shares in the company, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 42,181 shares of company stock worth $8,046,071 in the last quarter. 0.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMT. Mizuho raised American Tower from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $189.00 to $205.00 in a report on Wednesday, April 15th. BMO Capital Markets raised their target price on American Tower from $185.00 to $200.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 25th. Barclays decreased their price target on shares of American Tower from $200.00 to $195.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 16th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Sanford C. Bernstein raised their price objective on shares of American Tower from $205.00 to $207.00 and gave the stock a "market perform" rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, American Tower has a consensus rating of "Moderate Buy" and an average target price of $218.05.

American Tower Price Performance

American Tower stock opened at $178.17 on Wednesday. The business has a 50 day simple moving average of $179.86 and a 200 day simple moving average of $179.90. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $83.04 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 0.76 and a beta of 0.90. American Tower Corporation has a one year low of $165.08 and a one year high of $234.33.

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 for the quarter, beating analysts' consensus estimates of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The firm had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.66 billion. During the same period in the prior year, the business posted $2.75 earnings per share. The business's 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. On average, sell-side analysts forecast that American Tower Corporation will post 10.67 EPS for the current fiscal year.

American Tower Increases Dividend

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

About American Tower

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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