Magellan Asset Management Ltd Has $193.31 Million Holdings in American Tower Corporation $AMT

Magellan Asset Management Ltd increased its stake in shares of American Tower Corporation (NYSE:AMT) by 20.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,005,151 shares of the real estate investment trust’s stock after acquiring an additional 167,870 shares during the period. American Tower comprises about 2.3% of Magellan Asset Management Ltd’s portfolio, making the stock its 16th largest position. Magellan Asset Management Ltd’s holdings in American Tower were worth $193,311,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMT. Vanguard Group Inc. increased its holdings in American Tower by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust’s stock worth $12,239,277,000 after purchasing an additional 611,801 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of American Tower by 24.3% during the second quarter. JPMorgan Chase & Co. now owns 12,666,082 shares of the real estate investment trust’s stock worth $2,799,458,000 after buying an additional 2,474,328 shares during the period. Invesco Ltd. grew its holdings in shares of American Tower by 11.9% during the second quarter. Invesco Ltd. now owns 6,680,524 shares of the real estate investment trust’s stock worth $1,476,529,000 after buying an additional 708,808 shares in the last quarter. Norges Bank acquired a new stake in American Tower in the 2nd quarter valued at approximately $1,371,875,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in American Tower by 3.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,563,565 shares of the real estate investment trust’s stock valued at $1,229,659,000 after acquiring an additional 208,213 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

American Tower News Roundup

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

• Positive Sentiment: Q4 beat on both the top and bottom line — reported AFFO/FFO of $2.63 vs. ~$2.54 consensus and revenue of $2.74B (≈7.5% YoY growth). Management released a slide deck and press release detailing the results, which underpin near‑term cash‑flow strength. American Tower Corporation Reports Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Leasing demand remains robust across towers and data centers, driving revenue and AFFO momentum — management highlighted continued 5G buildouts and stronger data‑center leasing as growth drivers. American Tower posts upbeat revenue on strong leasing activity amid 5G, data-center growth
• Positive Sentiment: Management provided FY‑2026 EPS guidance (10.78–10.95), positioning expectations for continued AFFO growth; some coverage framed the outlook as measured while still setting a clear target for the year. American Tower issues light 2026 guidance amid cost efficiency push; Q4 earnings beat
• Neutral Sentiment: Management is emphasizing cost efficiencies and capital discipline when discussing the 2026 plan — this could temper upside from aggressive reinvestment but supports margin/FFO durability. American Tower Corp (AMT) Q4 2025 Earnings Call Highlights
• Negative Sentiment: DISH‑related risks remain a headline: AMT continues to navigate contract/default issues with DISH, which could weigh on collections or require lease remediation — a tangible operational risk flagged in the earnings discussion. American Tower Corporation (AMT) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Balance‑sheet and valuation considerations — leverage (debt/equity ~3.2) and a premium valuation (P/E ~30) mean growth execution must continue to justify the current price; higher rates or operational setbacks could pressure the multiple.

American Tower Trading Up 0.1%

Shares of NYSE:AMT opened at $190.21 on Wednesday. American Tower Corporation has a 52-week low of $166.88 and a 52-week high of $234.33. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $89.04 billion, a P/E ratio of 30.38, a price-to-earnings-growth ratio of 0.79 and a beta of 0.93. The company has a 50-day simple moving average of $178.43 and a 200 day simple moving average of $185.79.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.09. American Tower had a return on equity of 28.79% and a net margin of 28.11%.The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the company earned $2.62 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Sell-side analysts forecast that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, December 29th were given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, December 29th. American Tower’s payout ratio is 108.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of American Tower from $220.00 to $195.00 and set a “sector perform” rating for the company in a research note on Monday, January 12th. Raymond James Financial decreased their target price on shares of American Tower from $231.00 to $229.00 and set a “strong-buy” rating for the company in a research report on Friday, January 23rd. Wells Fargo & Company cut their price target on shares of American Tower from $210.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Citigroup restated a “market outperform” rating on shares of American Tower in a research note on Wednesday, October 29th. Finally, BMO Capital Markets downgraded American Tower from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $210.00 to $185.00 in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, American Tower presently has an average rating of “Moderate Buy” and a consensus price target of $218.79.

Insider Activity at American Tower

In other news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $69.75, for a total value of $159,631,314.75. Following the transaction, the insider directly owned 211,379 shares of the company’s stock, valued at $14,743,685.25. This represents a 91.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by corporate insiders.

American Tower Profile

American Tower (NYSE: AMT) is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company’s core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.

Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.