Key Points
- Director Rajesh Kalathur purchased 2,671 shares on March 10 at an average price of $185.30 for a total of $494,936.30, boosting his holdings to 4,936 shares — a 117.92% increase in ownership.
- American Tower missed quarterly EPS estimates ($1.75 reported vs. $2.54 expected) but delivered 7.5% revenue growth to $2.74 billion and set FY2026 guidance of 10.78–10.95 EPS.
- The company raised its quarterly dividend to $1.79 ($7.16 annualized, ~3.9% yield), and analysts hold a "Moderate Buy" consensus with a $217.35 average target while the stock traded near $183 (up 1.9%).
American Tower Corporation (NYSE:AMT - Get Free Report) Director Rajesh Kalathur acquired 2,671 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average cost of $185.30 per share, with a total value of $494,936.30. Following the completion of the purchase, the director owned 4,936 shares of the company's stock, valued at $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
American Tower Stock Up 1.9%
NYSE AMT traded up $3.50 during trading on Friday, reaching $183.36. 1,125,973 shares of the company's stock traded hands, compared to its average volume of 3,125,866. American Tower Corporation has a 12-month low of $166.88 and a 12-month high of $234.33. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $85.46 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 0.77 and a beta of 0.92. The company's 50 day simple moving average is $181.23 and its two-hundred day simple moving average is $184.44.
American Tower (NYSE:AMT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share for the quarter, missing the consensus estimate of $2.54 by ($0.79). American Tower had a return on equity of 24.36% and a net margin of 23.76%.The business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.69 billion. During the same period in the previous year, the company posted $2.62 EPS. American Tower's revenue for the quarter was up 7.5% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. As a group, sell-side analysts forecast that American Tower Corporation will post 10.14 EPS for the current fiscal year.
American Tower Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be given a dividend of $1.79 per share. This is a boost from American Tower's previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a $7.16 annualized dividend and a yield of 3.9%. American Tower's payout ratio is 126.16%.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Scotiabank reduced their price objective on shares of American Tower from $220.00 to $214.00 and set a "sector outperform" rating for the company in a research note on Wednesday, February 25th. The Goldman Sachs Group decreased their price objective on American Tower from $230.00 to $210.00 and set a "buy" rating for the company in a report on Friday, January 16th. UBS Group dropped their target price on American Tower from $254.00 to $248.00 and set a "buy" rating on the stock in a research note on Wednesday, February 25th. Weiss Ratings reiterated a "hold (c)" rating on shares of American Tower in a research note on Monday, December 29th. Finally, Mizuho cut their price objective on shares of American Tower from $217.00 to $189.00 and set a "neutral" rating on the stock in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $217.35.
View Our Latest Report on AMT
Institutional Investors Weigh In On American Tower
Large investors have recently bought and sold shares of the company. J. Stern & Co. LLP lifted its stake in American Tower by 28,121.1% during the 4th quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust's stock valued at $6,616,703,000 after acquiring an additional 37,553,436 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in American Tower by 20,721.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust's stock worth $1,705,254,000 after purchasing an additional 9,666,025 shares during the period. Norges Bank purchased a new position in shares of American Tower during the 4th quarter valued at about $1,171,180,000. Lazard Asset Management LLC lifted its holdings in shares of American Tower by 1,984.8% in the 3rd quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust's stock valued at $858,552,000 after buying an additional 4,250,242 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of American Tower by 24.3% in the second quarter. JPMorgan Chase & Co. now owns 12,666,082 shares of the real estate investment trust's stock worth $2,799,458,000 after buying an additional 2,474,328 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.
About American Tower
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
