American Tower Corporation $AMT Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its stake in American Tower Corporation (NYSE:AMT) by 2.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 682,040 shares of the real estate investment trust’s stock after selling 16,680 shares during the period. California State Teachers Retirement System’s holdings in American Tower were worth $117,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its position in American Tower by 113.0% during the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after buying an additional 2,104 shares during the period. Sivia Capital Partners LLC raised its position in American Tower by 34.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 368 shares during the last quarter. United Bank grew its position in American Tower by 12.7% during the 2nd quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock worth $1,434,000 after purchasing an additional 733 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of American Tower by 2.2% in the second quarter. Treasurer of the State of North Carolina now owns 218,511 shares of the real estate investment trust’s stock valued at $48,295,000 after buying an additional 4,778 shares during the last quarter. Finally, Ieq Capital LLC grew its holdings in shares of American Tower by 52.2% during the second quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust’s stock worth $7,570,000 after buying an additional 11,751 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

American Tower News Summary

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

• Positive Sentiment: American Tower raised its 2026 guidance again, increasing the midpoints for property revenue, adjusted EBITDA, AFFO and AFFO per share. The company now expects adjusted EPS of approximately $11.00-$11.17, above the $10.66 analyst consensus. Management also expects roughly 15% growth in data-center revenue, supported by strong AI-related demand. American Tower raises 2026 outlook again, targets approximately 15 percent data center revenue growth
• Positive Sentiment: Second-quarter revenue reached $2.749 billion, up about 4.7% year over year and ahead of expectations, while AFFO rose to $2.71 per share from $2.60 a year earlier, in line with estimates. Property revenue increased 6.3%, and net income attributable to common shareholders rose sharply to approximately $868 million. American Tower tops second-quarter estimates, raises annual outlook
• Positive Sentiment: Record leasing at CoreSite, American Tower’s data-center business, and robust global tower leasing are improving the company’s growth profile. The results suggest that AI-related data-center demand may provide an increasingly important earnings driver beyond traditional mobile-network infrastructure. American Tower raises outlook as CoreSite leasing reaches record
• Positive Sentiment: Analysts raised their valuation targets: Scotiabank increased its target to $220 from $218, while BMO lifted its target to $195 from $190. BMO maintained a “market perform” rating, indicating upside potential but a measured view of the shares’ valuation. Scotiabank adjusts price target on American Tower
• Negative Sentiment: Investors still face operational and financing headwinds, including DISH-related tenant churn and higher refinancing costs. Although the outlook was raised, some coverage noted that the initial full-year revenue forecast was below market expectations, which could limit near-term enthusiasm if tower growth or CoreSite leasing slows. American Tower Q2 earnings call highlights

Analyst Ratings Changes

A number of research firms have weighed in on AMT. Wolfe Research raised American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price objective for the company in a research report on Wednesday, July 8th. Mizuho upgraded shares of American Tower from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $189.00 to $205.00 in a research report on Wednesday, April 15th. Barclays cut their price objective on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Scotiabank reaffirmed an “outperform” rating on shares of American Tower in a report on Wednesday. Finally, Weiss Ratings raised shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $215.19.

American Tower Price Performance

Shares of NYSE AMT opened at $179.89 on Thursday. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.43 and a current ratio of 0.52. American Tower Corporation has a one year low of $160.06 and a one year high of $217.39. The firm has a market capitalization of $83.81 billion, a P/E ratio of 24.74, a PEG ratio of 0.72 and a beta of 0.91. The company’s fifty day moving average is $176.26 and its two-hundred day moving average is $178.38.

American Tower (NYSE:AMT) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the firm posted $2.75 EPS. The business’s revenue was up 6.8% compared to the same quarter last year. Analysts forecast that American Tower Corporation will post 10.66 EPS for the current fiscal year.

American Tower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Friday, June 12th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 4.0%. The ex-dividend date was Friday, June 12th. American Tower’s dividend payout ratio is presently 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.