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American Tower reports strong earnings, raises dividend, as major investor increases stake.
Mirabaud Asset Management Ltd increased its holdings in American Tower Co. by 20.3%, while other firms like Russell Investments Group Ltd and Wells Fargo & Company MN have reduced their shares.
American Tower reported a strong quarter with earnings per share of $2.62, exceeding estimates by $0.83.
The company announced a quarterly dividend of $1.70, an increase from the previous dividend.
American Tower, a leading REIT with over 224,000 communication sites, currently has a consensus rating of "Buy" and a price target of $232.07.
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American Tower reporta fuertes ganancias, aumenta los dividendos, a medida que los principales inversores aumentan la participación.