Strengthening Families & Communities LLC reduced its stake in American Tower Corporation (NYSE: AMT) by 93.1% in the first quarter, according to the company's most recent SEC filing. The fund now owns 743 shares of American Tower, valued at approximately $149,000, after selling 10,103 shares during the period. Despite this reduction, several institutional investors have increased their positions. Invesco Ltd. increased its holdings by 0.5%, now owning 5,971,716 shares valued at $1,299,445,000. Pandora Wealth Inc. acquired a new stake valued at about $606,000, Fiduciary Family Office LLC acquired a position valued at approximately $614,000, True North Advisors LLC acquired a position valued at approximately $249,000, and Koa Wealth Management LLC grew its holdings by 17.4%, now owning 17,947 shares valued at $3,905,000. Institutional investors and hedge funds collectively own 92.69% of the stock.\n\nAmerican Tower reported a quarterly EPS of $2.60, exceeding the consensus estimate of $2.59 by $0.01. The company had a net margin of 12.60% and a return on equity of 24.85%. Revenue for the quarter was $2.63 billion, down 9.4% year-over-year compared to the consensus estimate of $2.58 billion. The company's revenue declined despite strong earnings, highlighting challenges in the business environment.\n\nAnalyst ratings for American Tower have been positive, with Barclays lifting its price objective to $246.00 and maintaining an 'overweight' rating, Scotiabank raising its target to $248.00 with a 'sector outperform' rating, JPMorgan Chase & Co. increasing its target to $255.00 with an 'overweight' rating, and Raymond James Financial setting a $250.00 target with a 'strong-buy' rating. HSBC, however, cut its rating to 'hold' with a $235.00 price target. Overall, 13 analysts have issued a 'buy' rating, four have a 'hold' rating, and two have a 'strong buy' rating, resulting in an average rating of 'Moderate Buy' and an average price target of $243.88.\n\nAmerican Tower's stock opened at $206.51 on Friday, down 1.7%, with a 50-day moving average of $218.37 and a 200-day moving average of $211.24. The 12-month price range is $172.51 to $243.56. The company has a market capitalization of $96.70 billion, a P/E ratio of 75.09, a P/E growth ratio of 1.18, and a beta of 0.82. Its debt-to-equity ratio is 3.36, and its current and quick ratios are both 0.95.\n\nThe company recently paid a quarterly dividend of $1.70 per share, with a record date of June 13th and an ex-dividend date of the same day. This results in an annualized dividend of $6.80, yielding 3.3%. The dividend payout ratio is currently 247.27%.\n\nIn a separate transaction, CEO Juan Font sold 720 shares at an average price of $208.33, totaling $149,997.60. Following the sale, he owned 23,425 shares valued at approximately $4,880,130.25, representing a 2.98% decrease in his position. Insiders collectively own 0.17% of the company's stock.\n\nAmerican Tower is one of the largest global REITs, operating as 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.\n\nSell-side analysts expect American Tower to report 10.14 earnings per share for the current year.

American Tower Corporation (NYSE:AMT) Shares Sold by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC significantly reduced its stake in American Tower Corporation (AMT) by 93.1% in the first quarter, now holding 743 shares valued at $149,000. Despite this, several institutional investors increased their positions, including Invesco Ltd., Pandora Wealth Inc., Fiduciary Family Office LLC, True North Advisors LLC, and Koa Wealth Management LLC. American Tower reported a quarterly EPS of $2.60, slightly above consensus, with a 12.60% net margin and 24.85% return on equity, though revenue declined 9.4% year-over-year. Analysts have issued positive ratings, with average price target of $243.88 and overall 'Moderate Buy' sentiment. The company has a market cap of $96.70 billion, pays a $1.70 quarterly dividend (yielding 3.3%), and has a dividend payout ratio of 247.27%. CEO Juan Font sold 720 shares, reducing his stake by 2.98%. American Tower is a major global REIT with over 224,000 communications sites and operates primarily in the U.S. data center and telecom real estate sector.