Fiduciary Trust increased its stake in American Tower, but the company's earnings missed expectations, falling to $0.89 per share.

Fiduciary Trust Co. increased its stake in American Tower Co. by 6.8%, now owning 59,687 shares. Despite this, BNP Paribas reduced its holdings by 34.8%. American Tower reported a net margin of 10.05% and a return on equity of 22.01%, but its third-quarter earnings missed expectations, posting $0.89 per share. The stock has a dividend yield of 3.10% and is rated a "moderate buy" with a target price of $235.54.

November 28, 2024
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