Rakuten Investment Management Inc. Trims Stock Position in American Tower Corporation $AMT

Rakuten Investment Management Inc. cut its stake in shares of American Tower Corporation (NYSE:AMT) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,589 shares of the real estate investment trust’s stock after selling 4,637 shares during the quarter. Rakuten Investment Management Inc.’s holdings in American Tower were worth $10,829,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Richards Merrill & Peterson Inc. purchased a new position in shares of American Tower during the fourth quarter worth approximately $25,000. Oakworth Capital Inc. increased its holdings in American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 68 shares during the period. Swiss RE Ltd. purchased a new position in American Tower during the fourth quarter valued at approximately $25,000. Holos Integrated Wealth LLC purchased a new position in American Tower during the fourth quarter valued at approximately $27,000. Finally, Triumph Capital Management purchased a new position in American Tower during the third quarter valued at approximately $29,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMT. Truist Financial lifted their price objective on shares of American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, April 30th. TD Cowen cut their price objective on shares of American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. UBS Group cut their price objective on shares of American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Citizens Jmp reissued a “market outperform” rating and set a $260.00 price objective on shares of American Tower in a report on Wednesday, April 29th. Finally, Scotiabank lifted their price objective on shares of American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $216.20.

American Tower News Roundup

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

• Positive Sentiment: Bernstein reiterated a bullish view on American Tower, upgrading AMT to Outperform with a $207 price target. The firm pointed to long-term demand from 5G expansion and data center growth, while saying the stock’s sensitivity to interest rates is easing. Article: Bernstein Upgrades American Tower (AMT) on Long-Term 5G and Data Center Demand
• Positive Sentiment: Recent coverage also highlighted American Tower as a beneficiary of expanding digital infrastructure, which can support leasing demand for its tower portfolio over time. Article: American Tower Gains Attention As Digital Infrastructure Expands
• Neutral Sentiment: Several articles framed AMT as a valuation and volatility debate rather than a clear near-term catalyst, with investors weighing its stable infrastructure cash flows against rate risk and competition concerns. Article: AMT vs. PSA: Which Stock Is the Better Value Option?
• Neutral Sentiment: A separate market commentary piece said American Tower has been volatile recently, with short-term moves offsetting a stronger multi-month recovery, which suggests investors are still reassessing the stock’s risk/reward profile. Article: American Tower (AMT) Stock After Recent Volatility Is The Current Price A Potential Opportunity

Insider Transactions at American Tower

In related news, EVP Ruth T. Dowling sold 556 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total transaction of $99,234.88. Following the completion of the transaction, the executive vice president directly owned 29,877 shares in the company, valued at $5,332,446.96. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by corporate insiders.

American Tower Trading Down 0.7%

NYSE:AMT opened at $184.39 on Wednesday. American Tower Corporation has a 12 month low of $165.08 and a 12 month high of $234.33. The firm has a fifty day simple moving average of $181.47 and a 200-day simple moving average of $179.99. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. The company has a market capitalization of $85.90 billion, a P/E ratio of 29.79, a PEG ratio of 0.78 and a beta of 0.90.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping the consensus estimate of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the firm posted $2.75 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, equities research analysts anticipate that American Tower Corporation will post 10.67 earnings per share for the current year.

American Tower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be given a dividend of $1.79 per share. The ex-dividend date is Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a yield of 3.9%. American Tower’s payout ratio is currently 115.67%.

American Tower 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.