Wendell David Associates Inc. Has $2.27 Million Holdings in American Tower Corporation $AMT

Wendell David Associates Inc. cut its holdings in American Tower Corporation (NYSE:AMT) by 31.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,144 shares of the real estate investment trust’s stock after selling 5,979 shares during the period. Wendell David Associates Inc.’s holdings in American Tower were worth $2,268,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. CIBC Bancorp USA Inc. bought a new position in shares of American Tower in the 3rd quarter valued at approximately $35,633,000. Nordea Investment Management AB lifted its holdings in American Tower by 10.4% in the 4th quarter. Nordea Investment Management AB now owns 1,743,321 shares of the real estate investment trust’s stock worth $306,284,000 after purchasing an additional 164,645 shares during the last quarter. Legal & General Group Plc boosted its position in American Tower by 4.7% during the fourth quarter. Legal & General Group Plc now owns 4,873,695 shares of the real estate investment trust’s stock worth $855,675,000 after purchasing an additional 220,447 shares during the period. Rathbones Group PLC grew its holdings in American Tower by 14.9% during the fourth quarter. Rathbones Group PLC now owns 474,216 shares of the real estate investment trust’s stock valued at $83,258,000 after purchasing an additional 61,428 shares during the last quarter. Finally, Merit Financial Group LLC grew its holdings in American Tower by 60.6% during the fourth quarter. Merit Financial Group LLC now owns 23,212 shares of the real estate investment trust’s stock valued at $4,075,000 after purchasing an additional 8,758 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

Insider Transactions at American Tower

In other news, EVP Ruth T. Dowling sold 416 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total transaction of $73,856.64. Following the transaction, the executive vice president owned 29,461 shares in the company, valued at approximately $5,230,505.94. The trade was a 1.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 Stock Down 3.1%

Shares of AMT stock opened at $163.39 on Wednesday. American Tower Corporation has a 12 month low of $162.40 and a 12 month high of $234.33. The firm has a market cap of $76.12 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 0.70 and a beta of 0.90. The stock has a 50 day moving average of $180.62 and a 200-day moving average of $179.61. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (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 for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the company posted $2.75 earnings per share. American Tower’s quarterly revenue was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, equities analysts predict that American Tower Corporation will post 10.66 EPS for the current year.

American Tower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Friday, June 12th will be issued a $1.79 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a yield of 4.4%. American Tower’s dividend payout ratio is 115.67%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMT. Citizens Jmp restated a “market outperform” rating and issued a $260.00 price objective on shares of American Tower in a research note on Wednesday, April 29th. Sanford C. Bernstein upgraded shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 target price on the stock in a research note on Tuesday, May 19th. Scotiabank lifted their target price on shares of American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Weiss Ratings lowered shares of American Tower from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. Finally, Raymond James Financial restated a “strong-buy” rating and set a $240.00 price target on shares of American Tower in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $216.95.

Key American Tower News

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

• Positive Sentiment: American Tower was added to multiple FTSE Russell value and defensive indices, which can increase passive fund buying and support the stock. Analysts at RBC Capital Markets and Goldman Sachs also struck a constructive tone on its tower, data center, and AI-infrastructure growth prospects. Index Additions And AI Infrastructure Optimism Might Change The Case For Investing In American Tower (AMT)
• Positive Sentiment: The company released its 2025 sustainability executive report, reinforcing its image as a long-term, resilient digital infrastructure owner with disciplined ESG practices. That kind of disclosure is usually supportive for large institutional investors, even if it is not a direct earnings catalyst. American Tower Corporation Releases 2025 Sustainability Executive Report
• Positive Sentiment: Several recent commentary pieces argue that American Tower’s quality, data-demand exposure, and valuation could make the stock attractive, suggesting investor confidence in the REIT’s long-term earnings and infrastructure demand story. American Tower’s Quality Will Shine Through
• Neutral Sentiment: American Tower announced it will report second-quarter 2026 results on July 28 and hold a conference call that morning. This is an expected calendar event, but it keeps the stock in focus ahead of earnings. American Tower Plans Second Quarter 2026 Earnings Release and Conference Call
• Neutral Sentiment: Recent market articles note that AMT has been moving higher on strong trading volume, but also warn that FFO estimate revisions may not fully support continued gains in the near term. American Tower (AMT) Moves 4.1% Higher: Will This Strength Last?
• Negative Sentiment: Some commentary suggests the recent rally may be getting ahead of fundamentals if analyst revisions do not improve, which could temper investor enthusiasm after the stock’s run-up. American Tower (AMT) Moves 4.1% Higher: Will This Strength Last?

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.