Capital Research Global Investors Boosts Stake in American Tower Corporation $AMT

Key Points

• Capital Research Global Investors increased its stake in American Tower by 0.3% to 4,924,771 shares, representing about 1.05% of the company and valued at roughly $947.13 million at quarter-end.
• American Tower missed on quarterly EPS ($1.75 vs. $2.54 expected) but beat revenue ($2.74B), issued FY2026 guidance of 10.780–10.950 EPS, and holds a consensus Moderate Buy rating with an average price target of $217.35.
• The company raised its quarterly dividend to $1.79 (annualized $7.16, ~3.8% yield), while COO Eugene Noel sold 41,209 shares for about $7.87 million; institutional investors own ~92.7% of the stock.

Capital Research Global Investors raised its position in shares of American Tower Corporation (NYSE:AMT - Free Report) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,924,771 shares of the real estate investment trust's stock after buying an additional 15,145 shares during the quarter. Capital Research Global Investors owned about 1.05% of American Tower worth $947,132,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Brighton Jones LLC boosted 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 worth $727,000 after buying an additional 2,104 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of American Tower by 34.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust's stock worth $319,000 after acquiring an additional 368 shares during the last quarter. United Bank grew its position in shares of American Tower by 12.7% during the 2nd quarter. United Bank now owns 6,488 shares of the real estate investment trust's stock valued at $1,434,000 after acquiring an additional 733 shares during the period. Modera Wealth Management LLC increased its stake in shares of American Tower by 6.2% in the 2nd quarter. Modera Wealth Management LLC now owns 2,062 shares of the real estate investment trust's stock worth $456,000 after purchasing an additional 121 shares in the last quarter. Finally, Savant Capital LLC raised its holdings in American Tower by 25.7% in the 2nd quarter. Savant Capital LLC now owns 7,540 shares of the real estate investment trust's stock worth $1,667,000 after purchasing an additional 1,541 shares during the period. Institutional investors own 92.69% of the company's stock.

Analyst Ratings Changes

AMT has been the topic of a number of analyst reports. Sanford C. Bernstein initiated coverage on shares of American Tower in a research note on Thursday, March 5th. They set a "market perform" rating and a $205.00 target price on the stock. Raymond James Financial dropped their price objective on American Tower from $231.00 to $229.00 and set a "strong-buy" rating for the company in a research note on Friday, January 23rd. New Street Research upgraded American Tower from a "neutral" rating to a "buy" rating and set a $203.00 target price for the company in a research report on Monday, January 5th. Mizuho decreased their target price on American Tower from $217.00 to $189.00 and set a "neutral" rating on the stock in a research note on Monday, January 12th. Finally, Barclays reissued an "equal weight" rating and issued a $200.00 price target (down from $203.00) on shares of American Tower in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $217.35.

Insider Buying and Selling

In other news, COO Eugene M. Noel sold 41,209 shares of American Tower stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total value of $7,872,979.45. Following the transaction, the chief operating officer owned 29,592 shares of the company's stock, valued at $5,653,551.60. The trade was a 58.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.18% of the company's stock.

American Tower Price Performance

AMT stock opened at $186.45 on Tuesday. The stock has a market cap of $86.90 billion, a PE ratio of 34.59, a P/E/G ratio of 0.79 and a beta of 0.92. American Tower Corporation has a 12 month low of $166.88 and a 12 month high of $234.33. The company has a 50-day moving average price of $180.81 and a 200 day moving average price of $184.66. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27.

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

American Tower Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 3.8%. This is a boost from American Tower's previous quarterly dividend of $1.70. The ex-dividend date is Tuesday, April 14th. American Tower's payout ratio is presently 126.16%.

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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