Insider Selling: American Tower (NYSE:AMT) EVP Sells $113,932.00 in Stock

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

American Tower Trading Up 1.0%

Shares of NYSE AMT traded up $1.95 during midday trading on Friday, hitting $187.83. The stock had a trading volume of 3,111,300 shares, compared to its average volume of 3,113,406. 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 capitalization of $87.52 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 2.95 and a beta of 0.88. The company has a fifty day moving average price of $175.61 and a 200 day moving average price of $177.27. American Tower Corporation has a 1-year low of $160.06 and a 1-year high of $202.50.

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

American Tower announced that its board has authorized a share 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. Share buyback programs are usually a sign that the company’s board believes its stock is undervalued.

American Tower Dividend Announcement

The company also recently disclosed 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 3.8%. The ex-dividend date was Wednesday, September 30th. American Tower’s payout ratio is presently 98.49%.

Institutional Trading of American Tower

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in American Tower in the 2nd quarter worth about $7,490,943,000. State Street Corp raised its stake in shares of 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 valued at $3,647,491,000 after acquiring an additional 631,593 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of 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 acquiring an additional 1,240,780 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of American Tower in the second quarter valued at approximately $1,096,186,000. Finally, Legal & General Group Plc boosted its holdings 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 valued at $793,944,000 after purchasing an additional 27,929 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMT. Mizuho set a $208.00 target price on shares of American Tower in a research note on Thursday, August 20th. BMO Capital Markets increased their price objective on American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. dropped their price objective on American Tower from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday. The Goldman Sachs Group reissued a “buy” rating on shares of American Tower in a research note on Tuesday. Finally, TD Cowen increased their price target on American Tower from $225.00 to $227.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $216.44.

American Tower News Summary

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.