Swedbank AB Sells 47,069 Shares of American Tower Corporation $AMT

Key Points

• Swedbank AB trimmed its stake in American Tower by 7.7% in Q4, selling 47,069 shares and ending the period with 564,734 shares (~0.12% of the company) worth about $99.15 million.
• Earnings beat and payout: American Tower reported Q results above estimates (EPS $2.84 vs. $1.60 est.; revenue $2.74B vs. $2.66B), set FY26 guidance of roughly $10.90–$11.07 EPS, and raised the quarterly dividend to $1.79 (annualized $7.16, ~4.0% yield; payout ratio ~115.7%).
• Analyst view: The consensus is a "Moderate Buy" with an average price target of $218.05, amid mixed broker moves including JPMorgan lowering its target to $240 and Mizuho upgrading to "outperform" with a $205 target.

Swedbank AB lessened its stake in shares of American Tower Corporation (NYSE:AMT - Free Report) by 7.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 564,734 shares of the real estate investment trust's stock after selling 47,069 shares during the period. Swedbank AB owned approximately 0.12% of American Tower worth $99,150,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. purchased a new stake in shares of American Tower in the fourth quarter valued at $25,000. Oakworth Capital Inc. boosted its stake in shares of American Tower by 90.7% during the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 68 shares during the period. Holos Integrated Wealth LLC purchased a new position in shares of American Tower during the 4th quarter worth about $27,000. Triumph Capital Management bought a new position in American Tower during the 3rd quarter valued at about $29,000. Finally, Steph & Co. raised its position in American Tower by 87.2% in the 4th quarter. Steph & Co. now owns 176 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 82 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on AMT. JPMorgan Chase & Co. dropped their target price on American Tower from $245.00 to $240.00 and set an "overweight" rating for the company in a research report on Wednesday, April 29th. Jefferies Financial Group upped their price objective on American Tower from $209.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday, April 14th. Sanford C. Bernstein increased their target price on American Tower from $205.00 to $207.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 28th. Mizuho upgraded American Tower from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $189.00 to $205.00 in a research report on Wednesday, April 15th. Finally, Truist Financial upped their price target on shares of American Tower from $205.00 to $208.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $218.05.

Insider Activity at American Tower

In other American Tower news, 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 transaction, the chief operating officer owned 29,592 shares of the company's stock, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rajesh Kalathur purchased 2,671 shares of American Tower stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average price of $185.30 per share, with a total value of $494,936.30. Following the acquisition, the director owned 4,936 shares in the company, valued at approximately $914,640.80. This represents a 117.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 42,181 shares of company stock worth $8,046,071 over the last three months. 0.08% of the stock is owned by corporate insiders.

American Tower Stock Up 1.1%

Shares of NYSE AMT opened at $180.08 on Thursday. American Tower Corporation has a 52-week low of $165.08 and a 52-week high of $234.33. The firm has a market capitalization of $83.93 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 0.74 and a beta of 0.90. The stock has a 50 day moving average price of $179.66 and a 200 day moving average price of $179.82. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43.

American Tower (NYSE:AMT - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.American Tower's quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Sell-side analysts expect that American Tower Corporation will post 10.67 earnings per share for the current year.

American Tower Increases Dividend

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