American Tower Corporation (NYSE:AMT - Get Free Report) EVP Ruth Dowling sold 416 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total transaction of $73,856.64. Following the sale, the executive vice president directly owned 29,461 shares of the company's stock, valued at approximately $5,230,505.94. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
American Tower Stock Up 2.6%
AMT stock opened at $182.89 on Friday. American Tower Corporation has a 12 month low of $165.08 and a 12 month high of $234.33. The firm has a market cap of $85.24 billion, a PE ratio of 29.55, a P/E/G ratio of 0.75 and a beta of 0.92. The firm has a 50 day simple moving average of $180.04 and a 200 day simple moving average of $180.05. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.60.
American Tower (NYSE:AMT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, beating the consensus estimate of $1.60 by $1.24. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The firm's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Equities research analysts forecast that American Tower Corporation will post 10.59 earnings per share for the current fiscal year.
American Tower Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th were given a $1.79 dividend. This is a boost from American Tower's previous quarterly dividend of $1.70. The ex-dividend date was Tuesday, April 14th. This represents a $7.16 annualized dividend and a dividend yield of 3.9%. American Tower's payout ratio is currently 115.67%.
American Tower News Roundup
Here are the key news stories impacting American Tower this week:
- Positive Sentiment: Q1 beat and raised outlook — AMT reported AFFO of $2.84 (above estimates) and revenue of $2.74B; management raised full‑year outlook, driving investor confidence. Read More.
- Positive Sentiment: Data‑center momentum — CoreSite rolled out 100Gbps across its Open Cloud Exchange to support AI/ML high‑bandwidth workloads; management cites this segment as a growth driver. Read More.
- Positive Sentiment: Analyst upside — several firms raised targets or ratings (Truist, Scotiabank, Sanford/Bernstein, Citizens/JMP among others), signaling institutional support for AMT’s growth story. Read More.
- Neutral Sentiment: JPMorgan trimmed its price target from $245 to $240 but kept an overweight stance — still a sizable upside, so the move is more of a calibration than a negative re‑rating. Read More.
- Neutral Sentiment: Mixed/varied brokerage views — RBC reaffirmed sector perform ($195), Barclays & Mizuho issued mixed notes; analysts differ on regional/margin risks versus long‑run growth. Read More.
- Neutral Sentiment: Insider selling disclosed — EVP Ruth T. Dowling sold small lots under a pre‑arranged Rule 10b5‑1 plan (minor ownership reduction); typical for planned programs and not an immediate red flag for fundamentals. Read More.
- Negative Sentiment: Critical analyst commentary — a Seeking Alpha piece argued the stock lacks catalysts to re‑rate and flagged margin/valuation concerns, which may fuel short‑term profit‑taking by some investors. Read More.
Analysts Set New Price Targets
Several equities research analysts recently commented on AMT shares. UBS Group reduced their price target on shares of American Tower from $254.00 to $248.00 and set a "buy" rating for the company in a research report on Wednesday, February 25th. Sanford C. Bernstein increased their target price on shares of American Tower from $205.00 to $207.00 and gave the stock a "market perform" rating in a research report on Tuesday. The Goldman Sachs Group cut their target price on shares of American Tower from $230.00 to $210.00 and set a "buy" rating for the company in a research report on Friday, January 16th. BMO Capital Markets raised their price objective on shares of American Tower from $185.00 to $200.00 and gave the company a "market perform" rating in a research report on Wednesday, February 25th. Finally, Truist Financial increased their price target on shares of American Tower from $205.00 to $208.00 and gave the stock a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $218.05.
Get Our Latest Research Report on American Tower
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AlpenGlobal Capital LLC acquired a new position in American Tower in the 1st quarter valued at $259,000. DMC Group LLC grew its stake in American Tower by 13.8% in the 1st quarter. DMC Group LLC now owns 2,973 shares of the real estate investment trust's stock valued at $513,000 after buying an additional 360 shares during the last quarter. Stiles Financial Services Inc grew its stake in American Tower by 0.6% in the 1st quarter. Stiles Financial Services Inc now owns 12,577 shares of the real estate investment trust's stock valued at $2,170,000 after buying an additional 76 shares during the last quarter. Elevated Capital Advisors LLC grew its stake in American Tower by 14.0% in the 1st quarter. Elevated Capital Advisors LLC now owns 3,462 shares of the real estate investment trust's stock valued at $598,000 after buying an additional 424 shares during the last quarter. Finally, Bernzott Capital Advisors grew its stake in American Tower by 29.3% in the 1st quarter. Bernzott Capital Advisors now owns 42,161 shares of the real estate investment trust's stock valued at $7,276,000 after buying an additional 9,556 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.
About American Tower
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Get Free Report)
American Tower (NYSE: AMT) is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company's core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.
Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.
Further Reading
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