American Tower Corporation $AMT Stock Holdings Raised by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. increased its American Tower stake by 433.4% in the third quarter, bringing its holdings to 7,516 shares valued at approximately $1.23 million. Institutional investors collectively own 92.69% of AMT.
• American Tower reported quarterly revenue of $2.75 billion and adjusted earnings of $2.71 per share, exceeding analyst expectations, while revenue increased 4.6% year over year. The company issued fiscal 2026 EPS guidance of $11.00–$11.17.
• The REIT declared a quarterly dividend of $1.79 per share, equivalent to a 4.0% annual yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $215, above the stock’s reported price of $180.93.

First Citizens Bank & Trust Co. increased its stake in American Tower Corporation (NYSE:AMT - Free Report) by 433.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,516 shares of the real estate investment trust's stock after buying an additional 6,107 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in American Tower were worth $1,230,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AMT. Raleigh Capital Management Inc. increased its holdings in shares of American Tower by 489.1% in the first quarter. Raleigh Capital Management Inc. now owns 13,703 shares of the real estate investment trust's stock valued at $2,365,000 after purchasing an additional 11,377 shares during the last quarter. Canal Capital Management LLC lifted its stake in shares of American Tower by 81.9% during the 1st quarter. Canal Capital Management LLC now owns 34,471 shares of the real estate investment trust's stock worth $5,949,000 after buying an additional 15,520 shares during the last quarter. Bernzott Capital Advisors lifted its stake in shares of American Tower by 29.3% during the 1st quarter. Bernzott Capital Advisors now owns 42,161 shares of the real estate investment trust's stock worth $7,276,000 after buying an additional 9,556 shares during the last quarter. BIP Wealth LLC acquired a new stake in shares of American Tower during the 2nd quarter worth about $1,004,000. Finally, Groupe la Francaise boosted its holdings in shares of American Tower by 319.0% during the 2nd quarter. Groupe la Francaise now owns 33,505 shares of the real estate investment trust's stock worth $5,481,000 after buying an additional 25,508 shares during the period. Institutional investors and hedge funds own 92.69% of the company's stock.

Insider Buying and Selling

In other American Tower news, Director Rajesh Kalathur bought 2,829 shares of the firm's stock in a transaction on Friday, August 21st. The shares were purchased at an average price of $177.00 per share, for a total transaction of $500,733.00. Following the completion of the transaction, the director directly owned 7,765 shares in the company, valued at approximately $1,374,405. The trade was a 57.31% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, 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 transaction, 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 SEC filing for this sale provides additional information. Insiders sold a total of 6,791 shares of company stock worth $1,204,091 in the last ninety days. 0.08% of the stock is owned by insiders.

American Tower Stock Up 0.9%

NYSE AMT opened at $180.93 on Friday. The business has a fifty day moving average price of $173.32 and a two-hundred day moving average price of $175.29. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52. American Tower Corporation has a fifty-two week low of $160.06 and a fifty-two week high of $196.08. The stock has a market capitalization of $84.30 billion, a PE ratio of 16.37, a PEG ratio of 2.88 and a beta of 0.88.

American Tower (NYSE:AMT - Get Free Report) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $1.14. American Tower had a return on equity of 32.76% and a net margin of 31.08%. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the business posted $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. Equities analysts expect that American Tower Corporation will post 10.80 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Wednesday, September 30th will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Wednesday, September 30th. American Tower's dividend payout ratio is currently 98.49%.

Analysts Set New Price Targets

A number of brokerages recently commented on AMT. Mizuho set a $208.00 price target on shares of American Tower in a research note on Thursday, August 20th. The Goldman Sachs Group set a $210.00 price target on shares of American Tower in a report on Tuesday, July 28th. Sanford C. Bernstein reissued an "outperform" rating and issued a $214.00 price target on shares of American Tower in a report on Wednesday, July 29th. Scotiabank restated an "outperform" rating on shares of American Tower in a research report on Wednesday, July 29th. Finally, TD Cowen boosted their price objective on American Tower from $225.00 to $227.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, American Tower currently has a consensus rating of "Moderate Buy" and an average price target of $215.00.

American Tower Company Profile

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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