70,641 American Tower Corporation $AMT Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in shares of American Tower Corporation (NYSE:AMT) by 1,620.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,000 shares of the real estate investment trust’s stock after purchasing an additional 70,641 shares during the quarter. International Assets Investment Management LLC’s holdings in American Tower were worth $12,277,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AMT. BlackRock Inc. bought a new position in shares of American Tower in the second quarter worth approximately $7,490,943,000. State Street Corp grew its holdings 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 buying an additional 631,593 shares during the last quarter. Lazard Asset Management LLC grew its holdings 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 buying an additional 1,240,780 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of American Tower during the second quarter valued at approximately $1,096,186,000. Finally, Legal & General Group Plc increased its position in shares of American Tower by 0.6% during 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 acquiring an additional 27,929 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

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 Trading Up 1.0%

Shares of AMT stock opened at $187.83 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.52 and a debt-to-equity ratio of 3.30. American Tower Corporation has a 12-month low of $160.06 and a 12-month high of $202.50. The stock has a market capitalization of $87.52 billion, a P/E ratio of 26.49, a P/E/G ratio of 3.39 and a beta of 0.88. The firm’s 50 day moving average is $175.85 and its 200 day moving average is $177.35.

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 analysts’ consensus estimates of $1.64. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. American Tower had a net margin of 30.10% and a return on equity of 32.71%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.78 EPS. Research analysts expect that American Tower Corporation will post 10.80 earnings per share for the current year.

American Tower Dividend Announcement

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

American Tower declared that its board has initiated a share repurchase program on Tuesday, October 27th that allows the company to buy back $2 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Share repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMT shares. Jefferies Financial Group lowered their price objective on American Tower from $210.00 to $201.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Mizuho set a $208.00 target price on American Tower in a report on Thursday, August 20th. BMO Capital Markets boosted their price target on American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $205.00 price target on shares of American Tower in a report on Wednesday. Finally, Weiss Ratings raised American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, American Tower has a consensus rating of “Moderate Buy” and an average target price of $216.44.

Insiders Place Their Bets

In other news, Director Rajesh Kalathur acquired 2,829 shares of American Tower stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average price of $177.00 per share, for a total transaction of $500,733.00. Following the completion of the transaction, the director owned 7,765 shares in the company, valued at $1,374,405. The trade was a 57.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ruth Dowling sold 952 shares of the stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $185.81, for a total value of $176,891.12. Following the completion of the transaction, the executive vice president directly owned 26,133 shares in the company, valued at approximately $4,855,772.73. This represents a 3.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by corporate insiders.

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.