American Tower Corporation $AMT Shares Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR boosted its stake in American Tower Corporation (NYSE:AMT) by 9.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 53,746 shares of the real estate investment trust’s stock after purchasing an additional 4,536 shares during the period. Generali Asset Management SPA SGR’s holdings in American Tower were worth $8,798,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Operose Advisors LLC bought a new position in shares of American Tower during the 2nd quarter valued at approximately $25,000. Allied Private Wealth LLC bought a new stake in shares of American Tower in the 2nd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of American Tower in the 2nd quarter worth approximately $33,000. SBI Securities Co. Ltd. purchased a new position in American Tower in the third quarter valued at approximately $35,000. Finally, Kelleher Financial Advisors purchased a new position in American Tower in the second quarter valued at approximately $37,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Tower

In related news, Director Rajesh Kalathur purchased 2,829 shares of American Tower stock in a transaction dated Friday, August 21st. The stock was bought at an average cost 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. This trade represents a 57.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.08% of the company’s stock.

More American Tower News

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

• Positive Sentiment: American Tower’s Q3 results exceeded expectations on key operating measures: adjusted funds from operations were $2.87 per share versus the $2.84 consensus, while revenue reached $2.78 billion. Management raised its full-year 2026 outlook for the third time, supported by steady global leasing demand. American Tower Raises Its 2026 Outlook For Third Time
• Positive Sentiment: CoreSite data-center revenue increased 16.3%, driven by strong AI and cloud leasing activity. American Tower also lifted its 2026 data-center revenue growth outlook to 16% and is targeting 200–300 basis points of tower-margin expansion by 2030, reinforcing its long-term growth narrative. American Tower Raises Data Center Revenue Outlook
• Positive Sentiment: The board authorized a $2 billion share-repurchase program. Buybacks can support per-share results and signal that management views the stock as attractively valued. American Tower Share Repurchase Program
• Neutral Sentiment: Citigroup lowered its price target from $225 to $220 but maintained a “buy” rating, while JPMorgan reduced its target from $240 to $230 and retained an “overweight” rating. Both firms still imply substantial upside, but the reductions may temper investor enthusiasm. Citigroup American Tower Rating
• Negative Sentiment: The headline earnings reaction has been weak even though cash generation and guidance improved. Reported EPS of $1.64 met estimates rather than exceeded them, and revenue growth was modest at 2.5% year over year, leaving investors concerned that the positive developments may already be reflected in the valuation. American Tower Stock Price Dips as Q3 Results Lift Guidance

American Tower Stock Down 0.2%

AMT opened at $183.46 on Thursday. American Tower Corporation has a 12 month low of $160.06 and a 12 month high of $202.50. The company has a market cap of $85.48 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 3.03 and a beta of 0.88. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.12. The company has a 50 day moving average of $175.39 and a 200 day moving average of $177.18.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, October 27th. The real estate investment trust reported $1.64 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.64. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the firm posted $2.78 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, sell-side analysts expect that American Tower Corporation will post 10.80 EPS for the current year.

American Tower declared that its Board of Directors has approved a stock repurchase program on Tuesday, October 27th that authorizes the company to repurchase $2 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase programs are typically 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. Stockholders of record on Wednesday, September 30th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Wednesday, September 30th. American Tower’s dividend payout ratio (DPR) is presently 98.49%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMT. Scotiabank reissued an “outperform” rating on shares of American Tower in a report on Wednesday, July 29th. JPMorgan Chase & Co. lowered their target price on American Tower from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of American Tower in a research report on Tuesday. Mizuho set a $208.00 price target on American Tower in a research note on Thursday, August 20th. Finally, TD Cowen lifted their price objective on American Tower from $225.00 to $227.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, American Tower presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.95.

American Tower 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.