Invesco Ltd. has increased its stake in American Tower Corporation (NYSE:AMT) by 0.5%, now holding approximately 5.97 million shares worth about $1.30 billion. According to its most recent Form 13F filing with the Securities and Exchange Commission, the fund owned 5,971,716 shares of the real estate investment trust's stock after purchasing an additional 30,130 shares during the first quarter. Invesco Ltd. owned about 1.28% of American Tower worth $1,299,445,000 as of its most recent SEC filing.\n\nCEO Juan Font sold 720 shares of American Tower stock in a transaction dated Thursday, July 31st, at an average price of $208.33, for a total value of $149,997.60. Following the transaction, the chief executive officer directly owned 23,425 shares of the company's stock, valued at approximately $4,880,130.25, representing a 2.98% decrease in their position. This trade was disclosed in a legal filing with the SEC.\n\nAmerican Tower reported $2.60 EPS for the last quarter, slightly surpassing analyst expectations, despite a 9.4% decline in revenue compared to the same quarter last year. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.58 billion. American Tower had a return on equity of 24.85% and a net margin of 12.60%. Revenue for the quarter was down 9.4% compared to the same period last year, when the company earned $2.79 EPS.\n\nOther institutional investors and hedge funds also recently made changes to their positions in the company. Elmwood Wealth Management Inc. increased its stake by 2.5%, now owning 2,087 shares worth $454,000 after acquiring 50 additional shares. 4J Wealth Management LLC increased its stake by 4.0%, now owning 1,301 shares worth $283,000 after acquiring 50 additional shares. TCTC Holdings LLC increased its stake by 15.8%, now owning 374 shares worth $81,000 after acquiring 51 additional shares. Coyle Financial Counsel LLC increased its stake by 2.4%, now owning 2,238 shares worth $487,000 after acquiring 53 additional shares. CreativeOne Wealth LLC increased its stake by 2.1% during the fourth quarter, now owning 2,601 shares worth $477,000 after acquiring 54 additional shares.\n\nInstitutional investors and hedge funds own 92.69% of the company's stock. Company insiders own 0.17% of the company's stock.\n\nWall Street analysts have weighed in on American Tower. Wells Fargo & Company lowered its price objective from $240.00 to $230.00 and set an 'overweight' rating. UBS Group raised its price objective from $250.00 to $260.00 and gave the stock a 'buy' rating. HSBC downgraded the stock from a 'buy' to a 'hold' rating and set a $235.00 target price. Hsbc Global Res downgraded from a 'strong-buy' to a 'hold' rating. JMP Securities raised their target price from $248.00 to $260.00 and gave the company a 'market outperform' rating.\n\nFour research analysts have rated the stock with a hold rating, thirteen have issued a buy rating, and two have assigned a strong buy rating. Based on data from MarketBeat, American Tower currently has a consensus rating of 'Moderate Buy' and a consensus price target of $243.88.\n\nShares of American Tower opened at $206.51 on Friday. The firm has a market cap of $96.70 billion, a P/E ratio of 75.09, a P/E/G ratio of 1.20, and a beta of 0.82. The company has a quick ratio of 0.95, a current ratio of 0.95, and a debt-to-equity ratio of 3.36. American Tower has a 12-month low of $172.51 and a 12-month high of $243.56. The business has a fifty-day simple moving average of $218.37 and a 200-day simple moving average of $211.06.\n\nAmerican Tower last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.01. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.58 billion. American Tower's revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period last year, the company earned $2.79 EPS. Analysts predict that American Tower Corporation will post 10.14 earnings per share for the current year.\n\nThe firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 13th were given a $1.70 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $6.80 annualized dividend and a dividend yield of 3.3%. American Tower's dividend payout ratio (DPR) is 247.27%.\n\nAmerican 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.

Invesco Ltd. Has $1.30 Billion Stake in American Tower Corporation (NYSE:AMT)

Invesco Ltd. has increased its stake in American Tower Corporation (NYSE:AMT) by 0.5%, now holding approximately 5.97 million shares valued at $1.30 billion, as reported in its most recent Form 13F filing with the SEC. The company's CEO, Juan Font, sold 720 shares worth $149,997.60 on July 31, reducing his ownership to 23,425 shares valued at $4.88 million. American Tower reported a quarterly EPS of $2.60, slightly exceeding expectations, with revenue of $2.63 billion, down 9.4% year-over-year. The company maintained a 24.85% return on equity and 12.60% net margin. Institutional investors collectively own 92.69% of the company, while insiders own 0.17%. Wall Street analysts have issued mixed ratings, with UBS and JMP raising price targets and Wells Fargo lowering its objective. The stock currently has a consensus price target of $243.88 and a 'Moderate Buy' rating. American Tower paid a $1.70 per share dividend on July 11, resulting in a $6.80 annualized dividend and a 3.3% yield, though its dividend payout ratio is 247.27%. The company has a market cap of $96.70 billion and operates as one of the largest global real estate investment trusts (REITs) with over 224,000 communications sites.