Rep. Dwight Evans Sells American Tower Co. (NYSE:AMT) Shares

Representative Dwight Evans (D-Pennsylvania) recently sold shares of American Tower Co. NYSE: AMT. In a filing disclosed on April 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in American Tower stock on April 3rd. The trade occurred in the Representative's "CETERA" account.

Representative Dwight Evans also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Quanta Services NYSE: PWR on 4/3/2025.
• Sold $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 4/3/2025.
• Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 4/3/2025.
• Sold $1,001 - $15,000 in shares of ONEOK NYSE: OKE on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 4/3/2025.
• Sold $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 4/3/2025.
• Sold $1,001 - $15,000 in shares of Kinder Morgan NYSE: KMI on 4/3/2025.

American Tower Stock Performance

Shares of AMT stock traded down $4.98 on Wednesday, hitting $215.99. 373,817 shares of the stock traded hands, compared to its average volume of 2,456,023. The company's fifty day moving average is $209.52 and its 200 day moving average is $202.35. American Tower Co. has a 1-year low of $170.46 and a 1-year high of $243.56. The company has a market capitalization of $100.97 billion, a PE ratio of 91.14, a PEG ratio of 1.29 and a beta of 0.87. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.69 and a quick ratio of 0.69.

American Tower (NYSE:AMT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $2.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.83. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the prior year, the firm earned $2.29 EPS. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts predict that American Tower Co. will post 10.14 earnings per share for the current fiscal year.

American Tower Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, April 11th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.15%. This is an increase from American Tower's previous quarterly dividend of $1.62. The ex-dividend date of this dividend is Friday, April 11th. American Tower's dividend payout ratio (DPR) is 141.37%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of American Tower during the first quarter valued at $31,000. Lowe Wealth Advisors LLC lifted its stake in American Tower by 218.0% during the first quarter. Lowe Wealth Advisors LLC now owns 159 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 109 shares in the last quarter. Minot DeBlois Advisors LLC purchased a new position in shares of American Tower in the fourth quarter worth approximately $29,000. Graney & King LLC purchased a new position in shares of American Tower in the fourth quarter worth approximately $32,000. Finally, Roxbury Financial LLC purchased a new stake in shares of American Tower in the 4th quarter valued at approximately $32,000. Institutional investors own 92.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMT shares. Morgan Stanley began coverage on American Tower in a research report on Tuesday, April 1st. They set an "overweight" rating and a $250.00 price objective for the company. Scotiabank upped their price target on shares of American Tower from $220.00 to $234.00 and gave the stock a "sector outperform" rating in a research report on Tuesday. Wells Fargo & Company raised shares of American Tower from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $210.00 to $230.00 in a research note on Monday, March 17th. Mizuho dropped their price target on shares of American Tower from $221.00 to $204.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Finally, JMP Securities assumed coverage on American Tower in a research report on Monday, January 27th. They set an "outperform" rating and a $225.00 price objective for the company. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $233.07.

About Representative Evans

Dwight Evans (Democratic Party) is a member of the U.S. House, representing Pennsylvania's 3rd Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027. Evans (Democratic Party) is running for re-election to the U.S. House to represent Pennsylvania's 3rd Congressional District. He declared candidacy for the 2026 election. Evans earned his A.A. from the Community College of Philadelphia in 1973 and his bachelor's degree from La Salle College in 1975. He then attended Graduate Work at Temple University from 1975 to 1976. His professional experience includes working as an employment counselor/job developer for the Urban League of Philadelphia and as a teacher in the Philadelphia Public School System.

About American Tower

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.