American Tower (NYSE:AMT) EVP Ruth Dowling Sells 626 Shares of Stock

American Tower Corporation (NYSE:AMT) EVP Ruth Dowling sold 626 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $182.00, for a total value of $113,932.00. Following the completion of the sale, the executive vice president directly owned 27,085 shares in the company, valued at approximately $4,929,470. This trade represents a 2.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

American Tower Price Performance

Shares of NYSE AMT opened at $187.83 on Friday. American Tower Corporation has a 1-year low of $160.06 and a 1-year high of $202.50. The company has a debt-to-equity ratio of 3.30, a current ratio of 0.51 and a quick ratio of 0.52. The business’s fifty day moving average price is $175.85 and its two-hundred day moving average price is $177.35. The firm has a market capitalization of $87.52 billion, a PE ratio of 26.49, a P/E/G ratio of 3.36 and a beta of 0.88.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, October 27th. The real estate investment trust reported $1.64 EPS for the quarter, hitting the consensus estimate of $1.64. American Tower had a net margin of 30.10% and a return on equity of 32.71%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the firm earned $2.78 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. On average, research analysts expect that American Tower Corporation will post 10.80 EPS for the current year.

American Tower declared that its board has approved a stock repurchase program on Tuesday, October 27th that permits the company to repurchase $2 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Wednesday, September 30th were given a $1.79 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $7.16 annualized dividend and a yield of 3.8%. American Tower’s dividend payout ratio is 100.99%.

Institutional Investors Weigh In On American Tower

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in American Tower in the second quarter worth $7,490,943,000. State Street Corp increased its position in American Tower by 2.9% during the second quarter. State Street Corp now owns 22,066,202 shares of the real estate investment trust’s stock worth $3,647,491,000 after buying an additional 631,593 shares during the last quarter. Lazard Asset Management LLC raised its holdings 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 buying an additional 1,240,780 shares in the last quarter. Deutsche Bank AG bought a new position in American Tower during the second quarter valued at about $1,096,186,000. Finally, Legal & General Group Plc lifted its position in shares of American Tower by 0.6% in the second quarter. Legal & General Group Plc now owns 4,853,850 shares of the real estate investment trust’s stock worth $793,944,000 after buying an additional 27,929 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

AMT has been the subject of several analyst reports. TD Cowen boosted their price objective on American Tower from $225.00 to $227.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $205.00 target price on shares of American Tower in a research note on Wednesday. BMO Capital Markets lifted their target price on American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. Mizuho set a $208.00 price target on American Tower in a research report on Thursday, August 20th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of American Tower in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, American Tower has an average rating of “Moderate Buy” and an average price target of $216.44.

Key Stories Impacting American Tower

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

• Positive Sentiment: Truist raises target and reiterates Buy: Truist Financial increased its price target for AMT from $207 to $210 and assigned a “Buy” rating. The new target implies approximately 12% upside from the reference price, providing a positive near-term catalyst.
• Positive Sentiment: Share repurchase plan approved: American Tower’s board approved a stock repurchase plan, potentially supporting the share price and signaling management’s confidence in the company’s valuation and cash-generation ability. Stock Repurchase Plan Approved by American Tower Board
• Positive Sentiment: CoreSite outlook remains favorable: Coverage highlighted CoreSite’s repeated guidance increases, suggesting continued strength in American Tower’s data-center and digital-infrastructure operations. Why Is CoreSite Lifting American Tower Guidance Again?
• Neutral Sentiment: Recent earnings were broadly in line: Third-quarter EPS matched consensus, while revenue exceeded estimates and increased year over year. The results provide fundamental support, although earnings growth remains a key consideration for investors. American Tower Q3 2026 Earnings
• Neutral Sentiment: Analyst views are mixed: Recent coverage describes differing opinions on AMT and other real-estate stocks, while performance comparisons examine whether American Tower is outperforming its finance-sector peers. Analysts Offer Insights on Real Estate Companies
• Negative Sentiment: JPMorgan and Citigroup lowered expectations: Both firms recently reduced their price targets for AMT, tempering the bullish impact of Truist’s upgrade. Citigroup nevertheless retained a “Buy” rating while cutting its target from $225 to $220. Citigroup Cuts American Tower Price Target JPMorgan Lowers Expectations for American Tower

American Tower Company 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.