Parcion Private Wealth LLC Buys 4,923 Shares of American Tower Corporation $AMT

Parcion Private Wealth LLC lifted its position in shares of American Tower Corporation (NYSE:AMT) by 160.0% during the third quarter, Holdings Channel.com reports. The firm owned 7,999 shares of the real estate investment trust’s stock after acquiring an additional 4,923 shares during the period. Parcion Private Wealth LLC’s holdings in American Tower were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Soltis Investment Advisors LLC increased its holdings in American Tower by 41.9% in the third quarter. Soltis Investment Advisors LLC now owns 83,245 shares of the real estate investment trust’s stock valued at $13,626,000 after buying an additional 24,585 shares in the last quarter. Founders Financial Securities LLC boosted its stake in shares of American Tower by 20.9% during the 3rd quarter. Founders Financial Securities LLC now owns 17,693 shares of the real estate investment trust’s stock worth $2,896,000 after acquiring an additional 3,056 shares in the last quarter. United Asset Strategies Inc. purchased a new stake in shares of American Tower during the 3rd quarter worth about $455,000. TOWER TRUST & INVESTMENT Co grew its position in shares of American Tower by 1.2% during the 3rd quarter. TOWER TRUST & INVESTMENT Co now owns 5,002 shares of the real estate investment trust’s stock valued at $819,000 after acquiring an additional 58 shares during the period. Finally, D.A. Davidson & CO. grew its position in shares of American Tower by 14.7% during the 3rd quarter. D.A. Davidson & CO. now owns 18,769 shares of the real estate investment trust’s stock valued at $3,072,000 after acquiring an additional 2,410 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

American Tower Stock Performance

AMT opened at $187.83 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 3.30. The company has a market cap of $87.52 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 3.39 and a beta of 0.88. American Tower Corporation has a 52-week low of $160.06 and a 52-week high of $202.50. The firm’s fifty day simple moving average is $175.85 and its two-hundred day simple moving average is $177.35.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, October 27th. The real estate investment trust reported $1.64 EPS for the quarter, hitting analysts’ consensus estimates 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 analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the company earned $2.78 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts anticipate that American Tower Corporation will post 10.80 earnings per share for the current fiscal year.

American Tower announced that its Board of Directors has approved a stock buyback program on Tuesday, October 27th that permits the company to repurchase $2 billion in shares. This buyback authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

American Tower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Wednesday, September 30th were paid a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $7.16 dividend on an annualized basis and a yield of 3.8%. American Tower’s dividend payout ratio (DPR) is currently 100.99%.

Insider Activity

In other American Tower news, EVP Ruth T. Dowling sold 952 shares of the stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $185.81, for a total transaction of $176,891.12. Following the completion of the transaction, the executive vice president owned 26,133 shares of the company’s stock, valued at $4,855,772.73. This represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur bought 2,829 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was purchased at an average price of $177.00 per share, for a total transaction of $500,733.00. Following the transaction, the director owned 7,765 shares of the company’s stock, valued at approximately $1,374,405. This represents a 57.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMT. Royal Bank Of Canada restated an “outperform” rating and issued a $205.00 price target on shares of American Tower in a research note on Wednesday. TD Cowen increased their price target on American Tower from $225.00 to $227.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Wolfe Research raised American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price objective on the stock in a report on Wednesday, July 8th. BMO Capital Markets boosted their price objective on American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group cut their price objective on American Tower from $210.00 to $201.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. One investment 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $216.44.

Key Headlines 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

About American Tower

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.