American Tower (NYSE:AMT) EVP Sells 1,106 Shares of Stock

American Tower Corporation (NYSE:AMT) EVP Ruth Dowling sold 1,106 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total value of $193,505.76. Following the sale, the executive vice president owned 27,711 shares of the company’s stock, valued at approximately $4,848,316.56. The trade was a 3.84% 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.

American Tower Price Performance

Shares of NYSE:AMT traded down $4.71 during midday trading on Thursday, hitting $174.55. The stock had a trading volume of 3,650,905 shares, compared to its average volume of 3,241,917. The company’s 50-day moving average price is $176.26 and its 200-day moving average price is $178.38. American Tower Corporation has a fifty-two week low of $160.06 and a fifty-two week high of $217.39. The company has a quick ratio of 0.43, a current ratio of 0.52 and a debt-to-equity ratio of 3.12. The company has a market capitalization of $81.32 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 0.72 and a beta of 0.91.

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 for the quarter, topping 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 return on equity of 32.76% and a net margin of 31.08%.American Tower’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.75 EPS. As a group, equities research analysts predict that American Tower Corporation will post 10.66 EPS for the current fiscal year.

American Tower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Friday, June 12th were issued a dividend of $1.79 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $7.16 annualized dividend and a dividend yield of 4.1%. American Tower’s dividend payout ratio (DPR) is 115.67%.

Analysts Set New Price Targets

AMT has been the subject of several recent research reports. Scotiabank reaffirmed an “outperform” rating on shares of American Tower in a research note on Wednesday. Raymond James Financial reiterated a “strong-buy” rating and set a $240.00 target price on shares of American Tower in a research report on Wednesday, April 29th. Truist Financial boosted their target price on shares of American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. The Goldman Sachs Group set a $210.00 price target on shares of American Tower in a research note on Tuesday. Finally, Royal Bank Of Canada raised shares of American Tower from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $195.00 to $205.00 in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, American Tower currently has a consensus rating of “Moderate Buy” and a consensus price target of $215.19.

Key Stories Impacting American Tower

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

• Positive Sentiment: 2026 outlook raised again: American Tower increased its full-year forecasts, supported by favorable currency movements, stronger global tower leasing and continued demand for data-center capacity. The company is targeting approximately 15% growth in CoreSite data-center revenue. American Tower raises 2026 outlook again
• Positive Sentiment: Strong quarterly performance: Second-quarter revenue reached about $2.75 billion and net income was approximately $867.5 million. Record leasing at CoreSite, driven partly by artificial-intelligence demand, and healthy global tower activity improved the company’s investment outlook. American Tower Q2 2026 earnings highlights
• Positive Sentiment: Analyst targets moved higher: Scotiabank raised its price target to $220 from $218, while BMO lifted its target to $195 from $190. BMO nevertheless maintained a “market perform” rating, indicating limited conviction in near-term outperformance. Scotiabank adjusts American Tower price target
• Neutral Sentiment: Wall Street comparisons favor American Tower over Crown Castle among beaten-down tower REITs, citing AMT’s stronger data-center growth and repeated guidance increases. American Tower or Crown Castle
• Negative Sentiment: Interest-rate and balance-sheet risks remain significant: American Tower carries substantial leverage, and higher borrowing costs could pressure cash flow, valuation and future refinancing. Analysts also flagged DISH-related churn and refinancing expenses as continuing headwinds. American Tower interest-rate sensitivity analysis

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. J. Stern & Co. LLP boosted its stake in shares of American Tower by 28,121.1% in the 4th quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust’s stock valued at $6,616,703,000 after purchasing an additional 37,553,436 shares during the last quarter. State Street Corp raised its stake in American Tower by 0.3% during the fourth quarter. State Street Corp now owns 20,987,534 shares of the real estate investment trust’s stock worth $3,719,634,000 after buying an additional 71,605 shares during the last quarter. Geode Capital Management LLC lifted its holdings in American Tower by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 13,499,035 shares of the real estate investment trust’s stock valued at $2,361,675,000 after buying an additional 227,361 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in American Tower by 20,721.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock valued at $1,705,254,000 after buying an additional 9,666,025 shares during the period. Finally, Lazard Asset Management LLC boosted its position in American Tower by 20.4% during the first quarter. Lazard Asset Management LLC now owns 7,325,943 shares of the real estate investment trust’s stock valued at $1,264,311,000 after acquiring an additional 1,240,780 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

About American Tower

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.