Zions Bancorporation National Association UT acquired 1,977 shares of American Tower Corporation (NYSE:AMT), valued at approximately $430,000, as reported in a recent SEC filing. The fund's purchase is part of its investment activity in the real estate investment trust (REIT), which operates a large portfolio of communications sites and data center facilities. CEO Juan Font sold 720 shares of American Tower's stock at an average price of $208.33, for a total value of $149,997.60, reducing his ownership stake by 2.98%. Following the transaction, he directly owned 23,425 shares, valued at approximately $4,880,130.25. Company insiders collectively own 0.17% of the company's stock.\n\nAmerican Tower reported a quarterly earnings per share (EPS) of $2.60, exceeding analysts' expectations of $2.59, and announced a quarterly dividend of $1.70 per share, resulting in an annualized dividend of $6.80 and a dividend yield of 3.3%. The dividend payout ratio is currently 247.27%. The company reported revenue of $2.63 billion for the quarter, down 9.4% year-over-year, with a net margin of 12.60% and a return on equity of 24.85%. The firm's price-to-earnings ratio is 74.20, with a P/E/G ratio of 1.17 and a beta of 0.82. The stock traded down $0.58 to $204.04 during mid-day trading on Wednesday, with a volume of 2,717,814 shares, compared to its average volume of 2,178,248. The twelve-month high is $243.56, and the twelve-month low is $172.51. The fifty-day moving average is $218.02, and the two-hundred-day moving average is $211.51. The company has a quick ratio and current ratio of 0.95, and a debt-to-equity ratio of 3.36.\n\nSeveral institutional investors have adjusted their holdings in American Tower. Vanguard Group Inc. increased its stake by 0.7%, now owning 62,809,486 shares valued at $13.67 billion. Cohen & Steers Inc. raised its stake by 21.8%, now owning 19,176,365 shares valued at $3.52 billion. Capital Research Global Investors increased its holdings by 66.5%, now owning 8,563,046 shares valued at $1.57 billion. Deutsche Bank AG boosted its position by 4.0%, now owning 7,383,368 shares valued at $1.61 billion. Principal Financial Group Inc. grew its holdings by 3.7%, now owning 6,136,981 shares valued at $1.34 billion. 92.69% of the stock is owned by institutional investors and hedge funds.\n\nAnalyst ratings on American Tower include a 'buy' rating from Bank of America with a $255.00 price target, an 'outperform' rating from BMO Capital Markets with a $245.00 target (down from $250.00), a 'buy' rating from Goldman Sachs, a 'market outperform' rating from JMP Securities with a target price of $260.00, and an 'outperform' rating from Royal Bank of Canada with a target price of $260.00. Four analysts have a 'hold' rating, thirteen have a 'buy' rating, and two have a 'strong buy' rating. The average rating is 'Moderate Buy' with a consensus target price of $243.88.\n\nAmerican Tower is one of the largest global REITs, with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities. The company's performance and financial metrics indicate strong earnings, but the high payout ratio and elevated P/E ratio suggest caution in valuation. MarketBeat has identified that top analysts are not currently recommending American Tower, despite its solid earnings and dividend performance, and suggests alternative stocks with better analyst sentiment.

Zions Bancorporation National Association UT Makes New $430,000 Investment in American Tower Corporation (NYSE:AMT)

Zions Bancorporation National Association UT acquired 1,977 shares of American Tower Corporation (NYSE:AMT) valued at approximately $430,000 as part of its investment in the real estate investment trust (REIT). CEO Juan Font sold 720 shares at $208.33, reducing his ownership by 2.98% and leaving him with 23,425 shares valued at $4.88 million. The company reported a quarterly EPS of $2.60, exceeding expectations, and announced a $1.70 per share dividend, resulting in an annualized yield of 3.3%. Revenue declined 9.4% year-over-year to $2.63 billion, with a net margin of 12.60% and return on equity of 24.85%. Institutional investors including Vanguard, Cohen & Steers, Capital Research Global Investors, Deutsche Bank, and Principal Financial Group adjusted their holdings. Analysts provide a range of buy ratings with a consensus target price of $243.88, though market sentiment remains cautious due to a high payout ratio and elevated P/E ratio.