Cullen Frost Bankers Inc. Has $10.99 Million Holdings in American Tower Corporation $AMT

Cullen Frost Bankers Inc. lessened its holdings in shares of American Tower Corporation (NYSE:AMT) by 7.3% during the 4th quarter, HoldingsChannel reports. The fund owned 62,604 shares of the real estate investment trust’s stock after selling 4,927 shares during the period. Cullen Frost Bankers Inc.’s holdings in American Tower were worth $10,991,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Richards Merrill & Peterson Inc. purchased a new position in American Tower during the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. lifted its position in American Tower by 90.7% in the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 68 shares in the last quarter. Holos Integrated Wealth LLC acquired a new stake in shares of American Tower during the 4th quarter valued at $27,000. Triumph Capital Management purchased a new position in shares of American Tower during the 3rd quarter valued at $29,000. Finally, Steph & Co. increased its stake in shares of American Tower by 87.2% in the fourth quarter. Steph & Co. now owns 176 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 82 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMT has been the subject of several research reports. Jefferies Financial Group lifted their price target on American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Barclays reduced their target price on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Raymond James Financial reissued a “strong-buy” rating and issued a $240.00 target price on shares of American Tower in a research report on Wednesday, April 29th. BMO Capital Markets raised their price target on shares of American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a report on Wednesday, February 25th. 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 research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $216.20.

Insider Transactions at American Tower

In other American Tower 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 acquired at an average price of $185.30 per share, with a total value of $494,936.30. Following the transaction, the director owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ruth T. Dowling sold 556 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total value of $99,234.88. Following the sale, the executive vice president owned 29,877 shares of the company’s stock, valued at approximately $5,332,446.96. The trade was a 1.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 42,181 shares of company stock worth $8,046,071. Company insiders own 0.08% of the company’s stock.

Key Headlines Impacting American Tower

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

• Positive Sentiment: Bernstein upgraded American Tower (AMT) to Outperform from Market Perform and set a $207 price target, helping fuel buying interest as investors reassessed the stock’s upside potential. Bernstein upgrades American Tower (AMT)
• Positive Sentiment: Analysts argued that concerns around satellite competition, interest rates, and Dish exposure may be overdone, which has improved sentiment toward the tower REIT group and AMT specifically. Bernstein turns bullish on American Tower, sees 17% upside
• Positive Sentiment: Recent commentary also points to American Tower’s stronger fundamentals and raised 2026 outlook after its latest quarterly report, reinforcing confidence in cash-flow growth and resilience. American Tower rises 3.4% as Bernstein upgrade revives optimism after raised 2026 outlook

American Tower Trading Up 0.5%

Shares of AMT stock opened at $183.89 on Thursday. American Tower Corporation has a 12 month low of $165.08 and a 12 month high of $234.33. The company has a market cap of $85.67 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 0.76 and a beta of 0.90. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. The business’s 50 day moving average is $177.43 and its two-hundred day moving average is $179.05.

American Tower (NYSE:AMT) last posted 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 during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the prior year, the firm earned $2.75 EPS. American Tower’s quarterly revenue 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. Equities analysts predict that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were paid a $1.79 dividend. The ex-dividend date was Tuesday, April 14th. This is a boost from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.9%. American Tower’s dividend payout ratio is presently 115.67%.

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.