American Tower Corporation $AMT Holdings Lifted by Harrison Street Private Wealth LLC

Harrison Street Private Wealth LLC lifted its stake in shares of American Tower Corporation (NYSE:AMT) by 18.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,264 shares of the real estate investment trust’s stock after acquiring an additional 3,258 shares during the period. American Tower makes up about 4.8% of Harrison Street Private Wealth LLC’s investment portfolio, making the stock its 12th largest holding. Harrison Street Private Wealth LLC’s holdings in American Tower were worth $3,481,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in American Tower in the 2nd quarter valued at $7,490,943,000. State Street Corp increased its holdings in American Tower by 2.9% during the 2nd quarter. State Street Corp now owns 22,066,202 shares of the real estate investment trust’s stock worth $3,647,491,000 after purchasing an additional 631,593 shares in the last quarter. Lazard Asset Management LLC increased its holdings in American Tower by 20.4% during the 1st quarter. Lazard Asset Management LLC now owns 7,325,943 shares of the real estate investment trust’s stock worth $1,264,311,000 after purchasing an additional 1,240,780 shares in the last quarter. Deutsche Bank AG bought a new position in American Tower during the 2nd quarter worth about $1,096,186,000. Finally, Legal & General Group Plc raised its stake in shares of American Tower by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 4,853,850 shares of the real estate investment trust’s stock valued at $793,944,000 after purchasing an additional 27,929 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American Tower

In other news, Director Rajesh Kalathur acquired 2,829 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was bought at an average price of $177.00 per share, with a total value of $500,733.00. Following the transaction, the director directly owned 7,765 shares in the company, valued at approximately $1,374,405. The trade was a 57.31% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AMT shares. Barclays boosted their price target on American Tower from $198.00 to $199.00 and gave the company an “overweight” rating in a report on Wednesday, September 30th. BMO Capital Markets increased their price objective on American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. Jefferies Financial Group dropped their target price on American Tower from $210.00 to $201.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Weiss Ratings upgraded American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of American Tower in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $214.90.

Key American Tower News

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

• Positive Sentiment: Q3 results exceeded expectations. American Tower reported $2.87 in funds from operations (FFO) per share, up from $2.78 a year earlier and ahead of the $2.84 consensus estimate. Revenue rose 2.5% year over year to approximately $2.79 billion, surpassing estimates of $2.76 billion. American Tower Q3 earnings report
• Positive Sentiment: Management raised its 2026 outlook for the third time. Higher expected property revenue and AFFO reflect steady global leasing demand and continued tenant activity. American Tower raises 2026 outlook
• Positive Sentiment: Data-center growth strengthened. CoreSite revenue increased 16.3%, supported by record demand from artificial-intelligence and cloud customers. American Tower now expects 2026 data-center revenue growth of 16% and is targeting 200–300 basis points of tower-margin expansion by 2030. American Tower data-center outlook

American Tower Stock Down 2.4%

NYSE:AMT opened at $183.71 on Wednesday. American Tower Corporation has a twelve month low of $160.06 and a twelve month high of $202.50. The stock’s 50 day moving average price is $175.17 and its two-hundred day moving average price is $177.12.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $2.87 EPS for the quarter, beating the consensus estimate of $1.64 by $1.23. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the company posted $2.78 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Sell-side analysts anticipate that American Tower Corporation will post 10.80 EPS for the current fiscal year.

American Tower announced that its Board of Directors has initiated a share buyback plan on Tuesday, October 27th that permits the company to buy back $2 billion in shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Share repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

American Tower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Wednesday, September 30th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, September 30th.

American Tower Profile

American Tower Corporation (NYSE:AMT) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications.

The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations.