State of New Jersey Common Pension Fund D Has $35.97 Million Position in American Tower Corporation $AMT

State of New Jersey Common Pension Fund D trimmed its holdings in American Tower Corporation (NYSE:AMT) by 2.4% during the fourth quarter, Holdings Channel reports. The firm owned 204,889 shares of the real estate investment trust’s stock after selling 5,097 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in American Tower were worth $35,972,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AMT. SOA Wealth Advisors LLC. lifted its position in American Tower by 36.7% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 205 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 55 shares during the period. Personal CFO Solutions LLC grew its holdings in American Tower by 3.5% in the fourth quarter. Personal CFO Solutions LLC now owns 1,667 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 57 shares during the period. Pines Wealth Management LLC lifted its holdings in shares of American Tower by 4.1% during the third quarter. Pines Wealth Management LLC now owns 1,488 shares of the real estate investment trust’s stock valued at $286,000 after purchasing an additional 58 shares during the last quarter. Pasadena Private Wealth LLC lifted its holdings in shares of American Tower by 4.0% during the third quarter. Pasadena Private Wealth LLC now owns 1,544 shares of the real estate investment trust’s stock valued at $297,000 after purchasing an additional 60 shares during the last quarter. Finally, Conscious Wealth Investments LLC boosted its position in shares of American Tower by 0.5% in the 3rd quarter. Conscious Wealth Investments LLC now owns 11,852 shares of the real estate investment trust’s stock worth $2,121,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

American Tower Trading Up 1.0%

American Tower stock opened at $179.92 on Thursday. American Tower Corporation has a one year low of $165.08 and a one year high of $234.33. The business’s fifty day moving average is $180.08 and its 200 day moving average is $180.03. The stock has a market capitalization of $83.86 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 0.74 and a beta of 0.92. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $1.25. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.65 billion. American Tower had a return on equity of 24.36% and a net margin of 23.76%.American Tower’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, sell-side analysts predict that American Tower Corporation will post 10.59 EPS for the current year.

American Tower Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders 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 of this dividend was Tuesday, April 14th. This represents a $7.16 dividend on an annualized basis and a yield of 4.0%. American Tower’s payout ratio is presently 115.67%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Sanford C. Bernstein raised their price objective on American Tower from $205.00 to $207.00 and gave the company a “market perform” rating in a research report on Tuesday. Scotiabank lifted their price target on American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday. Jefferies Financial Group increased their price objective on shares of American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Morgan Stanley decreased their target price on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Finally, UBS Group dropped their target price on shares of American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $218.05.

American Tower News Summary

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: Q1 results beat expectations — AFFO of $2.84 vs. consensus ~$2.50 and revenue $2.74B vs. ~$2.65B; management raised 2026 outlook on strong leasing and data‑center demand, a key driver for future cash flow. American Tower (AMT) Reports Q1 AFFO and Revenue Above Estimates
• Positive Sentiment: FFO and property revenue outperformed, prompting higher 2026 outlook midpoints — reinforces recurring income profile important for REIT valuation and dividend coverage. AMT Q1 FFO Beats Estimates on Higher Property Revenues
• Positive Sentiment: CoreSite (an AMT data‑center business) launched 100Gbps Ethernet virtual circuits — product and capacity expansion that supports cloud/AI connectivity revenue growth. CoreSite Launches 100G Ethernet Virtual Circuits
• Positive Sentiment: Several analysts remain constructive or raised targets: Citizens JMP reaffirmed market‑outperform with a $260 target; Scotiabank raised its PT to $218; Sanford Bernstein nudged its PT to $207 — these show continuing institutional demand for AMT exposure. Analyst Ratings and Targets
• Neutral Sentiment: Dividend and income positioning — AMT appears in high‑yield/dividend‑growth lists (yield ~3.9%), which supports income‑oriented investor interest but is not a catalyst for large re‑ratings. 5 Best High‑Yield Dividend Growth Stocks to Buy Right Now
• Neutral Sentiment: Full earnings call transcript and presentation provide detail on strategy and markets — useful for longer‑term investors but incremental to headline beat. Q1 Results — Earnings Call Presentation
• Negative Sentiment: Management acknowledged margin pressures and some regional growth challenges during the call — margin risk can limit near‑term EPS expansion despite revenue strength. Q1 Earnings Call Highlights: Strong Data Center Growth and …
• Negative Sentiment: Critical commentary and a downgrade-style view from some outlets argue the beat isn’t enough to re‑rate the stock, tempering momentum and contributing to short‑term selling pressure. There’s Nothing To Wake The Stock Up (Rating Downgrade)

Insider Buying and Selling

In other news, Director Rajesh Kalathur acquired 2,671 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was bought at an average price of $185.30 per share, with a total value of $494,936.30. Following the completion of the acquisition, the director directly owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. The trade was a 117.92% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total value of $7,872,979.45. Following the sale, the chief operating officer owned 29,592 shares of the company’s stock, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.08% of the company’s stock.

American Tower Company Profile

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.