Rep. Dwight Evans Sells Off Shares of American Tower Co. (NYSE:AMT)

Representative Dwight Evans (D-Pennsylvania) recently sold shares of American Tower Co. NYSE: AMT. In a filing disclosed on April 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in American Tower stock on April 3rd. The trade occurred in the Representative's "CETERA" account.

Representative Dwight Evans also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Quanta Services NYSE: PWR on 4/3/2025.
• Sold $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 4/3/2025.
• Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 4/3/2025.
• Sold $1,001 - $15,000 in shares of ONEOK NYSE: OKE on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 4/3/2025.
• Sold $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 4/3/2025.
• Sold $1,001 - $15,000 in shares of Kinder Morgan NYSE: KMI on 4/3/2025.

American Tower Trading Down 3.8 %

Shares of AMT traded down $8.38 during trading hours on Wednesday, reaching $212.59. 7,045,949 shares of the company traded hands, compared to its average volume of 2,480,532. The stock's fifty day moving average price is $209.98 and its 200 day moving average price is $202.42. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 3.27. The firm has a market cap of $99.38 billion, a price-to-earnings ratio of 89.70, a PEG ratio of 1.29 and a beta of 0.87. American Tower Co. has a 12-month low of $170.46 and a 12-month high of $243.56.

American Tower (NYSE:AMT - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.83. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The company had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.51 billion. During the same period in the previous year, the company earned $2.29 EPS. The firm's quarterly revenue was up 3.7% on a year-over-year basis. Sell-side analysts forecast that American Tower Co. will post 10.14 earnings per share for the current year.

American Tower Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, April 11th will be paid a $1.70 dividend. This is a positive change from American Tower's previous quarterly dividend of $1.62. The ex-dividend date is Friday, April 11th. This represents a $6.80 dividend on an annualized basis and a yield of 3.20%. American Tower's dividend payout ratio (DPR) is presently 141.37%.

Institutional Investors Weigh In On American Tower

Large investors have recently bought and sold shares of the company. Minot DeBlois Advisors LLC purchased a new stake in shares of American Tower in the fourth quarter valued at approximately $29,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in American Tower in the 1st quarter valued at $31,000. Roxbury Financial LLC acquired a new stake in shares of American Tower in the 4th quarter worth $32,000. Graney & King LLC purchased a new position in shares of American Tower during the 4th quarter worth $32,000. Finally, Lowe Wealth Advisors LLC boosted its position in shares of American Tower by 218.0% during the 1st quarter. Lowe Wealth Advisors LLC now owns 159 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 109 shares during the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMT. Scotiabank lifted their target price on American Tower from $220.00 to $234.00 and gave the company a "sector outperform" rating in a research report on Tuesday. Citizens Jmp upgraded shares of American Tower to a "strong-buy" rating in a report on Monday, January 27th. Wells Fargo & Company upgraded shares of American Tower from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $210.00 to $230.00 in a report on Monday, March 17th. Hsbc Global Res upgraded shares of American Tower to a "strong-buy" rating in a research note on Thursday, February 27th. Finally, Barclays boosted their price objective on shares of American Tower from $214.00 to $223.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $233.07.

About Representative Evans

Dwight Evans (Democratic Party) is a member of the U.S. House, representing Pennsylvania's 3rd Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027. Evans (Democratic Party) is running for re-election to the U.S. House to represent Pennsylvania's 3rd Congressional District. He declared candidacy for the 2026 election. Evans earned his A.A. from the Community College of Philadelphia in 1973 and his bachelor's degree from La Salle College in 1975. He then attended Graduate Work at Temple University from 1975 to 1976. His professional experience includes working as an employment counselor/job developer for the Urban League of Philadelphia and as a teacher in the Philadelphia Public School System.

American Tower Company Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.