Twin City Private Wealth LLC Reduces Holdings in American Tower Corporation $AMT

by · The Cerbat Gem

Twin City Private Wealth LLC decreased its holdings in shares of American Tower Corporation (NYSE:AMT – Free Report) by 0.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 7,652 shares of the real estate investment trust’s stock after selling 70 shares during the period. American Tower makes up approximately 1.4% of Twin City Private Wealth LLC’s investment portfolio, making the stock its 25th largest holding. Twin City Private Wealth LLC’s holdings in American Tower were worth $1,704,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AMT. North Capital Inc. purchased a new stake in shares of American Tower during the first quarter worth about $25,000. Hopwood Financial Services Inc. grew its stake in shares of American Tower by 100.0% during the first quarter. Hopwood Financial Services Inc. now owns 120 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 60 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of American Tower by 86.0% during the second quarter. Rosenberg Matthew Hamilton now owns 173 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 80 shares during the last quarter. Saudi Central Bank purchased a new stake in shares of American Tower during the first quarter worth about $40,000. Finally, Accredited Wealth Management LLC grew its stake in shares of American Tower by 180.0% during the first quarter. Accredited Wealth Management LLC now owns 210 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower Trading Down 0.2%

American Tower stock opened at $179.18 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.95 and a debt-to-equity ratio of 3.24. American Tower Corporation has a 12 month low of $172.51 and a 12 month high of $234.33. The stock’s 50 day simple moving average is $192.70 and its two-hundred day simple moving average is $208.05. The firm has a market cap of $83.90 billion, a PE ratio of 28.62, a P/E/G ratio of 1.08 and a beta of 0.86.

American Tower (NYSE:AMT – Get Free Report) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $2.78 EPS for the quarter, topping the consensus estimate of $2.64 by $0.14. American Tower had a return on equity of 28.79% and a net margin of 28.11%.The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the firm posted $2.52 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. Analysts anticipate that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th were given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, September 30th. American Tower’s dividend payout ratio is currently 108.63%.

Wall Street Analysts Forecast Growth

AMT has been the topic of a number of research analyst reports. BMO Capital Markets dropped their price target on American Tower from $220.00 to $215.00 and set an “outperform” rating on the stock in a research note on Wednesday. Wells Fargo & Company dropped their target price on American Tower from $210.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wall Street Zen upgraded American Tower from a “sell” rating to a “hold” rating in a research report on Sunday, October 12th. Citigroup reiterated a “market outperform” rating on shares of American Tower in a research report on Wednesday. Finally, Hsbc Global Res lowered American Tower from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $230.88.

View Our Latest Stock Analysis on American Tower

About American Tower

(Free Report)

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.

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