Rathbones Group PLC trimmed its holdings in American Tower Corporation (NYSE: AMT) by 3.1% in the first quarter, according to the company's most recent SEC filing. The fund owned 412,516 shares of American Tower after selling 13,314 shares during the quarter, representing approximately 0.09% of the company's outstanding shares, valued at $89.76 million. Other hedge funds have also made recent changes to their positions. Vanguard Group Inc. raised its holdings by 0.7%, now owning 62,809,486 shares valued at $13.67 billion. Cohen & Steers Inc. increased its stake by 21.8%, now holding 19,176,365 shares worth $3.52 billion. Capital Research Global Investors raised its position by 66.5%, now owning 8,563,046 shares valued at $1.57 billion. Deutsche Bank AG increased its holdings by 4.0%, now owning 7,383,368 shares worth $1.61 billion. Principal Financial Group Inc. raised its stake by 3.7%, now owning 6,136,981 shares worth $1.34 billion. Institutional investors currently own 92.69% of the company's stock.\n\nAmerican Tower reported a quarterly earnings per share (EPS) of $2.60, surpassing analyst expectations of $2.59. Revenue for the quarter was $2.63 billion, down 9.4% year-over-year from $2.79 billion in the same period last year. The company posted a return on equity of 24.85% and a net margin of 12.60%. Analysts expect the company to report 10.14 EPS for the current fiscal year.\n\nThe company declared a quarterly dividend of $1.70 per share, paid on Friday, July 11th, to investors of record on June 13th. This results in an annualized dividend of $6.80, yielding 3.3%. However, the dividend payout ratio stands at 247.27%, indicating a high level of payout relative to earnings.\n\nCEO ownership decreased slightly following a transaction on July 31st, where the CEO sold 720 shares at an average price of $208.33, totaling $149,997.60. The CEO now directly owns 23,425 shares, valued at approximately $4.88 million, representing a 2.98% reduction in ownership. Company insiders collectively own 0.17% of the company.\n\nAmerican Tower is one of the largest global real estate investment trusts (REITs), operating as a leading independent owner, operator, and developer of multitenant communications real estate. It manages a portfolio of over 224,000 communications sites and has a highly interconnected footprint of U.S. data center facilities.\n\nAnalyst ratings on American Tower include a 'buy' rating from Goldman Sachs, Raymond James Financial, and JMP Securities, with Raymond James setting a $250.00 price objective and a 'strong-buy' rating. HSBC downgraded the stock to 'hold' with a $235.00 target price, while Scotiabank raised its target to $248.00 with a 'sector outperform' rating. Four analysts have a 'hold' rating, thirteen have a 'buy' rating, and two have a 'strong buy' rating. MarketBeat's consensus rating is 'Moderate Buy' with a consensus price target of $243.88.\n\nThe stock traded down $0.58 to $204.04 on Wednesday, with a volume of 2,717,814 shares, compared to its average volume of 2,178,248. The stock has a 1-year low of $172.51 and a 1-year high of $243.56. Key financial metrics include a current ratio of 0.95, a quick ratio of 0.95, a debt-to-equity ratio of 3.36, a 50-day moving average of $217.81, and a 200-day moving average of $211.46. The company has a market capitalization of $95.54 billion, a price-to-earnings ratio of 74.20, a P/E/G ratio of 1.17, and a beta of 0.82.

American Tower Corporation (NYSE:AMT) Shares Sold by Rathbones Group PLC

Rathbones Group PLC reduced its stake in American Tower Corporation (AMT) by 3.1% in the first quarter, selling 13,314 shares to hold 412,516 shares, valued at $89.76 million. Vanguard Group Inc. increased its holdings by 0.7% to 62,809,486 shares valued at $13.67 billion. Cohen & Steers Inc. raised its stake by 21.8% to 19,176,365 shares worth $3.52 billion. Capital Research Global Investors increased its position by 66.5% to 8,563,046 shares valued at $1.57 billion. Deutsche Bank AG boosted its holdings by 4.0% to 7,383,368 shares worth $1.61 billion. Principal Financial Group Inc. raised its stake by 3.7% to 6,136,981 shares worth $1.34 billion. Institutional investors collectively own 92.69% of American Tower's stock. The company reported a quarterly EPS of $2.60, revenue of $2.63 billion (down 9.4% YoY), a return on equity of 24.85%, and a net margin of 12.60%. It declared a quarterly dividend of $1.70 per share, resulting in an annualized yield of 3.3%, with a payout ratio of 247.27%. CEO ownership decreased slightly after selling 720 shares at $208.33 each, now owning 23,425 shares valued at $4.88 million. American Tower is a major global REIT with over 224,000 communications sites and a strong U.S. data center footprint. Analysts include 'buy' ratings from Goldman Sachs, Raymond James, and JMP Securities, with Raymond James setting a $250.00 price target, while HSBC downgraded to 'hold' at $235.00 and Scotiabank raised to $248.00. The stock traded down to $204.04 on Wednesday with a volume of 2,717,814 shares. Key metrics include a market cap of $95.54 billion, P/E ratio of 74.20, and a debt-to-equity ratio of 3.36.