Mill Creek Capital Advisors LLC Trims Holdings in American Tower Corporation $AMT

Mill Creek Capital Advisors LLC reduced its holdings in shares of American Tower Corporation (NYSE:AMT) by 65.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,505 shares of the real estate investment trust’s stock after selling 4,660 shares during the period. Mill Creek Capital Advisors LLC’s holdings in American Tower were worth $482,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in AMT. Legacy Investment Solutions LLC acquired a new stake in shares of American Tower during the second quarter worth about $31,000. Abound Wealth Management lifted its position in American Tower by 137.3% during the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 81 shares during the period. VSM Wealth Advisory LLC grew its stake in shares of American Tower by 136.4% in the 2nd quarter. VSM Wealth Advisory LLC now owns 156 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 90 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of American Tower in the third quarter valued at approximately $32,000. Finally, Westside Investment Management Inc. raised its stake in shares of American Tower by 103.6% during the third quarter. Westside Investment Management Inc. now owns 169 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 86 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Tower

In related news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total value of $159,631,314.75. Following the completion of the transaction, the insider directly owned 211,379 shares of the company’s stock, valued at $14,743,685.25. This trade represents a 91.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AMT shares. TD Cowen lowered their price objective on shares of American Tower from $235.00 to $225.00 in a research report on Wednesday. Morgan Stanley lowered their target price on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday. The Goldman Sachs Group cut their price target on shares of American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a report on Friday, January 16th. UBS Group lowered their price objective on American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, New Street Research raised American Tower from a “neutral” rating to a “buy” rating and set a $203.00 target price for the company in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $217.63.

Key American Tower News

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

• Positive Sentiment: CoreSite (an American Tower company) will host Community IX’s Florida and Northern Virginia Internet Exchanges at its Miami and NoVA facilities — a data‑center connectivity win that can boost CoreSite leasing, interconnection revenue and AMT’s data‑center growth narrative. CoreSite Miami and Virginia Data Centers Welcome New Community IX Internet Exchanges
• Positive Sentiment: BMO raised its AMT price target to $200 (from $185) and kept a market‑perform rating — a modest vote of confidence that may support buyers after recent volatility. BMO Capital Adjusts Price Target on American Tower TickerReport
• Neutral Sentiment: UBS trimmed its price target to $248 but remains constructive with a “buy” rating — still signaling sizable upside though slightly less bullish than before. UBS price target note
• Neutral Sentiment: Morgan Stanley lowered its target to $220 and kept an “overweight” stance — another downgrade in target but continued positive rating from a major shop. Morgan Stanley update
• Neutral Sentiment: Scotiabank trimmed its target to $214 (sector outperform) and TD Cowen cut its target to $225 — multiple shops shaving targets, reflecting slightly lower near‑term expectations but still implying upside vs. current levels. Scotiabank / TD Cowen notes TD Cowen update
• Neutral Sentiment: Market commentary pieces are weighing AMT’s valuation after recent volatility — useful for longer‑term investors but less likely to move price immediately. Is American Tower Pricing Look Attractive
• Neutral Sentiment: Several industry/portfolio notes (e.g., AST SpaceMobile coverage mention and Baron Real Estate fund activity) reference telecom/real‑estate themes that overlap with AMT exposure but aren’t direct company events. AST SpaceMobile article Baron Real Estate Income Fund activity
• Negative Sentiment: American Tower disclosed DISH Network has defaulted on lease payments; AMT is pursuing legal remedies and has adjusted its 2026 outlook to reflect lost DISH tower revenue — this is a direct near‑term headwind and explains some of the recent downside pressure. American Tower Weighs DISH Default

American Tower Stock Up 1.3%

AMT stock opened at $184.88 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.89 and a debt-to-equity ratio of 3.27. The company’s 50-day moving average price is $178.72 and its 200 day moving average price is $185.76. American Tower Corporation has a 52 week low of $166.88 and a 52 week high of $234.33. The company has a market cap of $86.55 billion, a P/E ratio of 34.30, a P/E/G ratio of 0.82 and a beta of 0.93.

American Tower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, December 29th were paid a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a $6.80 annualized dividend and a dividend yield of 3.7%. American Tower’s payout ratio is 108.63%.

American Tower Company 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.