Account Management LLC Cuts Stock Holdings in American Tower Corporation $AMT

Key Points

• Account Management LLC trimmed its position in American Tower (NYSE:AMT) by 54.3% in Q4, selling 10,505 shares and leaving 8,845 shares valued at about $1.55M; AMT is now roughly 1.7% of the fund's portfolio and its 15th-largest holding.
• American Tower reported a strong quarter — AFFO of $2.84 and revenue of $2.74B, beating estimates — and management raised the full-year outlook, which helped lift the stock.
• The company increased its quarterly dividend to $1.79 (annualized $7.16) for a 3.9% yield, though the dividend payout ratio is high at about 115.7%, signaling limited coverage from current earnings.

Account Management LLC trimmed its position in American Tower Corporation (NYSE:AMT - Free Report) by 54.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,845 shares of the real estate investment trust's stock after selling 10,505 shares during the quarter. American Tower comprises about 1.7% of Account Management LLC's investment portfolio, making the stock its 15th biggest position. Account Management LLC's holdings in American Tower were worth $1,553,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Brighton Jones LLC lifted its stake in shares of American Tower by 113.0% in the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust's stock valued at $727,000 after purchasing an additional 2,104 shares during the last quarter. Sivia Capital Partners LLC lifted its position in American Tower by 34.3% in the second quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust's stock worth $319,000 after buying an additional 368 shares during the last quarter. United Bank boosted its stake in American Tower by 12.7% during the second quarter. United Bank now owns 6,488 shares of the real estate investment trust's stock worth $1,434,000 after buying an additional 733 shares during the period. Treasurer of the State of North Carolina increased its position in American Tower by 2.2% during the second quarter. Treasurer of the State of North Carolina now owns 218,511 shares of the real estate investment trust's stock valued at $48,295,000 after acquiring an additional 4,778 shares during the last quarter. Finally, Ieq Capital LLC raised its stake in shares of American Tower by 52.2% in the second quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust's stock valued at $7,570,000 after acquiring an additional 11,751 shares during the period. Institutional investors own 92.69% of the company's stock.

More American Tower News

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

• Positive Sentiment: Q1 beat and raised outlook — AMT reported AFFO of $2.84 (above estimates) and revenue of $2.74B; management raised full‑year outlook, driving investor confidence. Read More.
• Positive Sentiment: Data‑center momentum — CoreSite rolled out 100Gbps across its Open Cloud Exchange to support AI/ML high‑bandwidth workloads; management cites this segment as a growth driver. Read More.
• Positive Sentiment: Analyst upside — several firms raised targets or ratings (Truist, Scotiabank, Sanford/Bernstein, Citizens/JMP among others), signaling institutional support for AMT’s growth story. Read More.
• Neutral Sentiment: JPMorgan trimmed its price target from $245 to $240 but kept an overweight stance — still a sizable upside, so the move is more of a calibration than a negative re‑rating. Read More.
• Neutral Sentiment: Mixed/varied brokerage views — RBC reaffirmed sector perform ($195), Barclays & Mizuho issued mixed notes; analysts differ on regional/margin risks versus long‑run growth. Read More.
• Neutral Sentiment: Insider selling disclosed — EVP Ruth T. Dowling sold small lots under a pre‑arranged Rule 10b5‑1 plan (minor ownership reduction); typical for planned programs and not an immediate red flag for fundamentals. Read More.
• Negative Sentiment: Critical analyst commentary — a Seeking Alpha piece argued the stock lacks catalysts to re‑rate and flagged margin/valuation concerns, which may fuel short‑term profit‑taking by some investors. Read More.

American Tower Stock Up 2.6%

Shares of NYSE AMT opened at $182.89 on Friday. American Tower Corporation has a 52-week low of $165.08 and a 52-week high of $234.33. The firm has a market capitalization of $85.24 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 0.75 and a beta of 0.92. The stock has a 50 day moving average price of $180.04 and a 200 day moving average price of $180.05. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.60 and a current ratio of 0.43.

American Tower (NYSE:AMT - Get Free Report) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period in the previous year, the company posted $2.75 EPS. American Tower's revenue was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Sell-side analysts expect that American Tower Corporation will post 10.59 earnings per share for the current year.

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th were issued a $1.79 dividend. The ex-dividend date was Tuesday, April 14th. This is an increase from American Tower's previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a dividend yield of 3.9%. American Tower's dividend payout ratio is presently 115.67%.

Analysts Set New Price Targets

Several brokerages recently commented on AMT. Royal Bank Of Canada reiterated a "sector perform" rating and set a $195.00 price target on shares of American Tower in a report on Thursday. Mizuho raised American Tower from a "neutral" rating to an "outperform" rating and upped their target price for the company from $189.00 to $205.00 in a research note on Wednesday, April 15th. Morgan Stanley reduced their price target on American Tower from $225.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, February 25th. Scotiabank boosted their price objective on American Tower from $214.00 to $218.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, The Goldman Sachs Group cut their price objective on American Tower from $230.00 to $210.00 and set a "buy" rating on the stock in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $218.05.

Insider Activity at American Tower

In other American Tower news, Director Rajesh Kalathur acquired 2,671 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was bought at an average cost of $185.30 per share, with a total value of $494,936.30. Following the completion of the purchase, the director directly owned 4,936 shares in the company, valued at $914,640.80. The trade was a 117.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the transaction, the chief operating officer owned 29,592 shares in the company, valued at approximately $5,653,551.60. The trade was a 58.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 42,181 shares of company stock worth $8,046,071 over the last three months. 0.08% of the stock is owned by corporate insiders.

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.

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