Border to Coast Pensions Partnership Ltd Increases Stake in American Tower Corporation $AMT

Key Points

• Border to Coast Pensions Partnership Ltd increased its stake in American Tower (AMT) by 1.9% to 399,764 shares (about $70.3M), and several other institutions also added positions — institutional ownership is roughly 92.7%.
• Insider activity was mixed: Director Rajesh Kalathur bought 2,671 shares at $185.30 (boosting his stake ~118%), while COO Eugene M. Noel sold 41,209 shares for about $7.87M (reducing his position ~58%).
• American Tower missed quarterly EPS ($1.75 vs. $2.54 expected) but beat revenue and set FY2026 guidance of $10.78–10.95 EPS; the company also raised its quarterly dividend to $1.79 (4.0% yield) amid generally favorable analyst revisions and a consensus target near $217.6.

Border to Coast Pensions Partnership Ltd increased its position in shares of American Tower Corporation (NYSE:AMT - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 399,764 shares of the real estate investment trust's stock after buying an additional 7,500 shares during the period. American Tower comprises approximately 1.2% of Border to Coast Pensions Partnership Ltd's holdings, making the stock its 24th largest holding. Border to Coast Pensions Partnership Ltd owned about 0.09% of American Tower worth $70,314,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. PFG Investments LLC increased its stake in shares of American Tower by 17.7% during the fourth quarter. PFG Investments LLC now owns 7,480 shares of the real estate investment trust's stock valued at $1,313,000 after buying an additional 1,124 shares during the period. Bridgewater Advisors Inc. increased its holdings in American Tower by 5.7% during the fourth quarter. Bridgewater Advisors Inc. now owns 2,965 shares of the real estate investment trust's stock valued at $493,000 after buying an additional 159 shares during the period. Farther Finance Advisors LLC increased its holdings in American Tower by 58.9% during the fourth quarter. Farther Finance Advisors LLC now owns 11,700 shares of the real estate investment trust's stock valued at $2,054,000 after buying an additional 4,335 shares during the period. Tyche Wealth Partners LLC increased its holdings in American Tower by 6.7% during the fourth quarter. Tyche Wealth Partners LLC now owns 2,254 shares of the real estate investment trust's stock valued at $396,000 after buying an additional 142 shares during the period. Finally, Patton Fund Management Inc. increased its holdings in American Tower by 19.3% during the fourth quarter. Patton Fund Management Inc. now owns 1,246 shares of the real estate investment trust's stock valued at $219,000 after buying an additional 202 shares during the period. Hedge funds and other institutional investors own 92.69% of the company's stock.

Insider Buying and Selling at American Tower

In other news, Director Rajesh Kalathur purchased 2,671 shares of the business's stock in a transaction on Tuesday, March 10th. The shares were acquired at an average cost of $185.30 per share, with a total value of $494,936.30. Following the completion of the acquisition, the director owned 4,936 shares of the company's stock, valued at $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Eugene M. Noel sold 41,209 shares of the business's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $191.05, for a total value of $7,872,979.45. Following the sale, the chief operating officer owned 29,592 shares in the company, valued at $5,653,551.60. The trade was a 58.20% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.17% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of American Tower from $185.00 to $200.00 and gave the company a "market perform" rating in a report on Wednesday, February 25th. Raymond James Financial cut their price objective on shares of American Tower from $231.00 to $229.00 and set a "strong-buy" rating on the stock in a report on Friday, January 23rd. New Street Research raised shares of American Tower from a "neutral" rating to a "buy" rating and set a $203.00 price objective on the stock in a report on Monday, January 5th. Royal Bank Of Canada cut their price objective on shares of American Tower from $220.00 to $195.00 and set a "sector perform" rating on the stock in a report on Monday, January 12th. Finally, Mizuho upgraded American Tower from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $189.00 to $205.00 in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $217.57.

American Tower Price Performance

AMT opened at $176.84 on Thursday. The business's 50-day moving average is $180.98 and its two-hundred day moving average is $180.78. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60. American Tower Corporation has a 1 year low of $165.08 and a 1 year high of $234.33. The firm has a market capitalization of $82.42 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 0.74 and a beta of 0.92.

American Tower (NYSE:AMT - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.54 by ($0.79). American Tower had a return on equity of 24.36% and a net margin of 23.76%.The firm had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.69 billion. During the same period in the prior year, the firm posted $2.62 earnings per share. American Tower's revenue for the quarter was up 7.5% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Research analysts anticipate that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be issued a $1.79 dividend. This is an increase from American Tower's previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, April 14th. American Tower's dividend payout ratio is presently 132.84%.

Key Stories Impacting American Tower

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

• Positive Sentiment: Mizuho upgraded AMT from Neutral to Outperform and lifted its price target to $205, arguing the shares look compelling after prolonged underperformance — a move that typically attracts buying interest. Mizuho Upgrades American Tower to Outperform
• Positive Sentiment: Jefferies raised its price target slightly to $210 and kept a Buy rating, signaling incremental analyst confidence and implying roughly double-digit upside from recent levels. Such reiterations can support demand from institutional buyers. Jefferies adjusts American Tower price target
• Neutral Sentiment: American Tower declared a quarterly cash distribution of $1.79 per share, underscoring a steady dividend policy; investors will watch upcoming quarterly results to see how earnings, cash flow and the dividend align with management’s capital-allocation plan. Does American Tower’s New Dividend Payout Clarify Its Long‑Term Capital Allocation Priorities?
• Neutral Sentiment: News of a new CEO at Radius Global Infrastructure (a competitor in tower/infrastructure) is noted by the market but is unlikely to meaningfully change AMT’s outlook in the near term; keep an eye on competitive moves in international infrastructure markets. Radius Global Infrastructure appoints CEO

American Tower 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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