American Tower Corporation $AMT Position Lessened by Caisse Des Depots ET Consignations

Key Points

• Q1 beat and upgraded guidance: American Tower reported $2.84 EPS vs. $1.60 expected and $2.74B revenue vs. $2.66B, and raised FY‑2026 guidance to 10.90–11.07 EPS, supporting the company's fundamentals.
• Dividend boost amid high payout: The quarterly dividend was raised to $1.79 (annualized $7.16) for a ~3.9% yield, though the dividend payout ratio is elevated at about 115.7%.
• Major holder trimmed position: Caisse Des Depots et Consignations cut its stake by 55.9% to 4,598 shares (≈$807K), while institutional investors collectively own about 92.69% of AMT stock.

Caisse Des Depots ET Consignations decreased its stake in American Tower Corporation (NYSE:AMT - Free Report) by 55.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,598 shares of the real estate investment trust's stock after selling 5,835 shares during the period. Caisse Des Depots ET Consignations' holdings in American Tower were worth $807,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. PFA Pension Forsikringsaktieselskab bought a new stake in shares of American Tower in the 4th quarter worth approximately $52,050,000. Syntax Research Inc. lifted its holdings in shares of American Tower by 5,034.3% in the 4th quarter. Syntax Research Inc. now owns 12,117 shares of the real estate investment trust's stock worth $2,127,000 after purchasing an additional 11,881 shares during the last quarter. Robertson Stephens Wealth Management LLC lifted its holdings in shares of American Tower by 35.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,418 shares of the real estate investment trust's stock worth $251,000 after purchasing an additional 373 shares during the last quarter. Danske Bank A S lifted its holdings in shares of American Tower by 11.6% in the 4th quarter. Danske Bank A S now owns 247,525 shares of the real estate investment trust's stock worth $43,458,000 after purchasing an additional 25,762 shares during the last quarter. Finally, Mutual Advisors LLC lifted its holdings in shares of American Tower by 14.1% in the 4th quarter. Mutual Advisors LLC now owns 4,725 shares of the real estate investment trust's stock worth $830,000 after purchasing an additional 584 shares during the last quarter. Institutional investors own 92.69% of the company's stock.

American Tower Stock Down 0.5%

AMT opened at $181.72 on Friday. American Tower Corporation has a one year low of $165.08 and a one year high of $234.33. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.60 and a current ratio of 0.43. The stock's fifty day moving average is $180.04 and its 200-day moving average is $180.05. The company has a market capitalization of $84.69 billion, a PE ratio of 29.36, a P/E/G ratio of 0.77 and a beta of 0.90.

American Tower (NYSE:AMT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping 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 company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the previous year, the business earned $2.75 EPS. The company's quarterly revenue was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, equities analysts predict that American Tower Corporation will post 10.62 EPS for the current fiscal year.

American Tower Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMT. Jefferies Financial Group lifted their target price on American Tower from $209.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, April 14th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $195.00 target price on shares of American Tower in a research note on Thursday. BMO Capital Markets lifted their target price on American Tower from $185.00 to $200.00 and gave the company a "market perform" rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. cut their target price on American Tower from $245.00 to $240.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Barclays cut their target price on American Tower from $200.00 to $195.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, American Tower presently has a consensus rating of "Moderate Buy" and an average price target of $218.05.

Key Stories Impacting American Tower

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

• Positive Sentiment: Q1 beat and upgraded outlook — AMT reported AFFO and revenue above estimates and raised FY‑2026 guidance, giving the stock fundamental support from recurring cash flow strength. Read More.
• Positive Sentiment: CoreSite/AI tailwinds — CoreSite launched 100Gbps connectivity across its Open Cloud Exchange to target AI/ML and high‑bandwidth workloads, supporting data‑center growth that can diversify AMT’s revenue mix. Read More.
• Positive Sentiment: Dividend lift — the company raised the quarterly dividend (to $1.79) paid late April, reinforcing the REIT income profile that appeals to yield‑oriented holders. Read More.
• Positive Sentiment: Analyst support — several firms raised price targets or reiterated buy/overweight stances (e.g., Truist raised its target), which underpins medium‑term upside expectations. Read More.
• Neutral Sentiment: JPMorgan recalibration — JPM trimmed its target from $245 to $240 but kept an overweight rating; this is a modest adjustment rather than a downgrade and leaves meaningful upside. Read More.
• Neutral Sentiment: RBC reaffirmed sector‑perform ($195) — mixed analyst views persist across brokers, creating intra‑day volatility as investors weigh growth vs. valuation. Read More.
• Neutral Sentiment: Insider selling under 10b5‑1 — EVP Ruth T. Dowling sold small lots (pre‑arranged plan); routine plan sales can seed supply but do not necessarily signal deteriorating fundamentals. Read More.
• Negative Sentiment: Critical commentary on valuation/catalysts — some analysts and commentators argue AMT lacks near‑term re‑rating catalysts and flag margin/valuation risks, which can prompt short‑term profit‑taking. Read More.

Insider Transactions at American Tower

In other news, Director Rajesh Kalathur acquired 2,671 shares of the company's stock in a transaction dated Tuesday, March 10th. The shares were bought at an average price of $185.30 per share, with a total value of $494,936.30. Following the purchase, the director owned 4,936 shares of the company's stock, valued at approximately $914,640.80. This represents a 117.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total value of $73,856.64. Following the completion of the transaction, the executive vice president owned 29,461 shares in the company, valued at $5,230,505.94. The trade was a 1.39% decrease in their ownership of the stock. 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. In the last 90 days, insiders have sold 42,181 shares of company stock valued at $8,046,071. Corporate insiders own 0.08% of the company's stock.

About American Tower

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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