Stoneridge Investment Partners LLC Takes $1.01 Million Position in American Tower Corporation $AMT

Key Points

• Stoneridge Investment Partners acquired 5,803 American Tower shares worth approximately $1.01 million in the second quarter. Institutional investors collectively own 92.69% of AMT’s outstanding stock.
• American Tower reported quarterly earnings of $2.71 per share, beating estimates of $1.57, while revenue rose 4.6% year over year to $2.75 billion. The company provided fiscal 2026 EPS guidance of $11.00 to $11.17.
• AMT pays a quarterly dividend of $1.79, equivalent to $7.16 annually and a 4.1% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $215.14, above the reported share price of $175.68.

Stoneridge Investment Partners LLC purchased a new position in shares of American Tower Corporation (NYSE:AMT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,803 shares of the real estate investment trust's stock, valued at approximately $1,006,000.

Several other hedge funds have also recently bought and sold shares of AMT. Richards Merrill & Peterson Inc. acquired a new position in shares of American Tower during the 4th quarter worth $25,000. Oakworth Capital Inc. grew its stake in American Tower by 90.7% in the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 68 shares during the last quarter. Swiss RE Ltd. acquired a new stake in American Tower in the 4th quarter valued at about $25,000. Triumph Capital Management acquired a new position in American Tower during the third quarter worth about $29,000. Finally, Acumen Wealth Advisors LLC purchased a new stake in shares of American Tower in the fourth quarter valued at about $29,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

American Tower Stock Performance

Shares of NYSE AMT opened at $175.68 on Friday. The company has a market cap of $81.86 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 2.79 and a beta of 0.90. American Tower Corporation has a 12 month low of $160.06 and a 12 month high of $214.79. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52. The company has a 50-day simple moving average of $172.82 and a 200-day simple moving average of $177.94.

American Tower (NYSE:AMT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $1.14. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.70 billion. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The company's revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, equities analysts anticipate that American Tower Corporation will post 10.78 earnings per share for the current year.

American Tower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Friday, June 12th were issued a $1.79 dividend. The ex-dividend date was Friday, June 12th. This represents a $7.16 annualized dividend and a yield of 4.1%. American Tower's payout ratio is 98.49%.

Insider Buying and Selling at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 1,106 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total transaction of $193,505.76. Following the transaction, the executive vice president owned 27,711 shares of the company's stock, valued at $4,848,316.56. This represents a 3.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Joseph Meyer sold 5,000 shares of American Tower stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $178.89, for a total value of $894,450.00. Following the completion of the sale, the chief financial officer directly owned 21,428 shares of the company's stock, valued at approximately $3,833,254.92. This represents a 18.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,791 shares of company stock valued at $1,204,091 over the last quarter. 0.08% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AMT has been the topic of several research reports. Raymond James Financial reiterated a "strong-buy" rating and issued a $240.00 price target on shares of American Tower in a research report on Wednesday, April 29th. Jefferies Financial Group cut their price objective on American Tower from $210.00 to $201.00 and set a "buy" rating for the company in a research report on Wednesday, July 15th. Wolfe Research raised American Tower from a "peer perform" rating to an "outperform" rating and set a $188.00 target price on the stock in a research note on Wednesday, July 8th. Scotiabank reissued an "outperform" rating on shares of American Tower in a research report on Wednesday, July 29th. Finally, Citizens Jmp reissued a "market outperform" rating and issued a $260.00 price target on shares of American Tower in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $215.14.

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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