American Tower Corporation $AMT Stock Acquired by Sound Income Strategies LLC

Key Points

• Sound Income Strategies increased its American Tower position by 14.5% in the third quarter, adding 15,083 shares for a total holding of 118,811 shares valued at approximately $19.8 million. Institutional investors collectively own 92.69% of AMT.
• American Tower shares rose 9.3% to $182.24, supported by easing bond-yield pressure and investor interest in rate-sensitive REITs. The company reported year-over-year revenue growth, raised its 2026 AFFO-per-share outlook to $11.00–$11.17, and maintains a quarterly dividend of $1.79.
• Wall Street maintains a generally positive view, with a “Moderate Buy” consensus rating and an average price target of $215.48. However, insider selling, substantial leverage, a high dividend payout ratio, and interest-rate sensitivity remain key risks.

Sound Income Strategies LLC lifted its position in shares of American Tower Corporation (NYSE:AMT - Free Report) by 14.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,811 shares of the real estate investment trust's stock after buying an additional 15,083 shares during the period. Sound Income Strategies LLC's holdings in American Tower were worth $19,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in AMT. Bill Few Associates Inc. lifted its holdings in American Tower by 5.3% in the third quarter. Bill Few Associates Inc. now owns 22,439 shares of the real estate investment trust's stock valued at $3,673,000 after acquiring an additional 1,125 shares during the last quarter. Bullock Wealth Management Group increased its stake in American Tower by 4.8% during the third quarter. Bullock Wealth Management Group now owns 2,375 shares of the real estate investment trust's stock worth $383,000 after acquiring an additional 109 shares during the last quarter. Riversedge Advisors LLC increased its stake in American Tower by 107.1% during the third quarter. Riversedge Advisors LLC now owns 3,245 shares of the real estate investment trust's stock worth $531,000 after acquiring an additional 1,678 shares during the last quarter. Wedmont Private Capital raised its position in American Tower by 88.5% in the third quarter. Wedmont Private Capital now owns 5,266 shares of the real estate investment trust's stock valued at $862,000 after purchasing an additional 2,473 shares during the period. Finally, Journey Retirement Planning & Investment Management LLC raised its stake in shares of American Tower by 29.0% in the 3rd quarter. Journey Retirement Planning & Investment Management LLC now owns 2,096 shares of the real estate investment trust's stock valued at $343,000 after acquiring an additional 471 shares during the period. Hedge funds and other institutional investors own 92.69% of the company's stock.

American Tower News Roundup

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

• Positive Sentiment: Investors also appeared to rotate back into beaten-down, rate-sensitive REITs as bond-yield pressure eased. American Tower’s recent rebound follows a selloff tied partly to higher interest rates and financing concerns. American Tower gains as investors appear to rotate back into a beaten-down rate-sensitive REIT
• Positive Sentiment: The fundamental backdrop remains supportive ahead of the October 27 third-quarter report. American Tower previously reported higher revenue, adjusted EBITDA and adjusted funds from operations, cited strong tower leasing demand and record CoreSite activity, and raised its 2026 AFFO-per-share outlook to approximately $11.00–$11.17.
• Neutral Sentiment: Analysts expect third-quarter FFO of about $2.78 per diluted share, roughly unchanged from the prior-year period. Investors will likely focus on leasing growth, CoreSite demand, AFFO, the balance sheet and management’s full-year outlook when results are released. What to Expect From American Tower's Q3 2026 Earnings Report
• Neutral Sentiment: American Tower continues to be viewed as a relatively defensive communications-infrastructure REIT because mobile-data usage supports demand for tower space, although dividend safety and interest-rate sensitivity remain important considerations. Americans Cannot Stop Using Their Phones. These 3 REITs Collect the Rent
• Negative Sentiment: Recent insider activity has been mixed, with five reported sales versus one purchase over six months. This is a secondary signal, but it may temper enthusiasm alongside AMT’s substantial leverage and ongoing sensitivity to interest rates.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Truist Financial reissued a "buy" rating and issued a $207.00 price objective (down from $208.00) on shares of American Tower in a research note on Wednesday, August 12th. Jefferies Financial Group reduced their price target on American Tower from $210.00 to $201.00 and set a "buy" rating on the stock in a research report on Wednesday, July 15th. BMO Capital Markets lifted their price objective on American Tower from $190.00 to $195.00 and gave the company a "market perform" rating in a research note on Wednesday, July 29th. The Goldman Sachs Group set a $210.00 target price on shares of American Tower in a research note on Tuesday, July 28th. Finally, Mizuho set a $208.00 price target on shares of American Tower in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, American Tower has an average rating of "Moderate Buy" and an average price target of $215.48.

Insiders Place Their Bets

In other news, CFO Robert Joseph Meyer sold 5,000 shares of the business's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the completion of the sale, the chief financial officer directly owned 21,428 shares of the company's stock, valued at approximately $3,833,254.92. The trade was a 18.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ruth T. Dowling sold 1,106 shares of the company's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total value of $193,505.76. Following the completion of the sale, the executive vice president directly owned 27,711 shares of the company's stock, valued at approximately $4,848,316.56. This trade represents a 3.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 6,791 shares of company stock valued at $1,204,091. 0.08% of the stock is currently owned by insiders.

American Tower Stock Up 9.3%

American Tower stock traded up $15.51 during mid-day trading on Friday, hitting $182.24. The company had a trading volume of 8,511,909 shares, compared to its average volume of 3,077,115. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12. American Tower Corporation has a 1 year low of $160.06 and a 1 year high of $196.08. The business has a fifty day moving average of $172.62 and a 200 day moving average of $174.97. The stock has a market cap of $84.92 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 2.67 and a beta of 0.88.

American Tower (NYSE:AMT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping the consensus estimate of $1.57 by $1.14. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the firm earned $2.60 EPS. The company's revenue was up 4.6% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, sell-side analysts expect that American Tower Corporation will post 10.8 earnings per share for the current fiscal year.

American Tower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Wednesday, September 30th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, September 30th. American Tower's dividend payout ratio is currently 98.49%.

About American Tower

American Tower Corporation NYSE: AMT is a global real estate investment trust that owns, operates and develops communications infrastructure. Its portfolio includes wireless and broadcast towers, rooftop sites, distributed antenna systems and other facilities that support wireless communications, television and radio broadcasting, government communications and other connectivity services.

The company leases space on its communications sites to wireless carriers, broadcasters, government agencies and other customers.

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