MBL Wealth LLC Buys 6,612 Shares of American Tower Corporation $AMT

Key Points

• MBL Wealth LLC increased its American Tower position by 415.1% in the third quarter, adding 6,612 shares for a total holding of 8,205 shares valued at approximately $1.34 million. Institutional investors collectively own 92.69% of AMT.
• American Tower recently reported quarterly revenue of $2.75 billion and EPS of $2.71, beating analyst expectations, while revenue rose 4.6% year over year. Management reaffirmed fiscal 2026 EPS guidance of $11.00 to $11.17.
• Shares were trading around $181.62, and the company pays a quarterly dividend of $1.79, equivalent to a 3.9% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $214.90, though some firms have recently lowered their targets.

MBL Wealth LLC lifted its position in shares of American Tower Corporation (NYSE:AMT - Free Report) by 415.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,205 shares of the real estate investment trust's stock after purchasing an additional 6,612 shares during the quarter. MBL Wealth LLC's holdings in American Tower were worth $1,343,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AMT. Operose Advisors LLC purchased a new stake in American Tower during the second quarter worth $25,000. Allied Private Wealth LLC acquired a new stake in American Tower during the second quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in American Tower during the second quarter valued at $33,000. SBI Securities Co. Ltd. purchased a new position in American Tower in the third quarter valued at $35,000. Finally, Kelleher Financial Advisors purchased a new position in American Tower in the second quarter valued at $37,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Rajesh Kalathur purchased 2,829 shares of American Tower stock in a transaction that occurred on Friday, August 21st. The stock was purchased at an average price of $177.00 per share, for a total transaction of $500,733.00. Following the transaction, the director directly owned 7,765 shares in the company, valued at approximately $1,374,405. This trade represents a 57.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ruth T. Dowling sold 1,106 shares of the company's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total transaction of $193,505.76. Following the transaction, the executive vice president 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,791 shares of company stock worth $1,204,091 over the last 90 days. 0.08% of the stock is currently owned by company insiders.

Key American Tower News

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

• Positive Sentiment: Director Teresa Hillary Clarke disclosed a series of open-market purchases, including 43 shares bought October 20 at $183.20. Across the reported transactions, Clarke steadily increased her direct ownership to more than 5,600 shares. While the individual purchases are relatively small, repeated insider buying can signal confidence in American Tower’s long-term outlook. SEC insider trading filing
• Positive Sentiment: Analysts are preparing for American Tower’s third-quarter 2026 results, focusing on revenue, earnings and operating metrics. Expectations for connectivity and data demand provide a potential fundamental catalyst if the company meets or exceeds forecasts. Q3 American Tower estimates
• Neutral Sentiment: American Tower recently reported quarterly earnings above consensus estimates, with revenue up 4.6% year over year, and management provided fiscal 2026 EPS guidance of $11.00 to $11.17. Investors may look to the upcoming results for confirmation that growth remains on track.
• Negative Sentiment: Sanford C. Bernstein lowered its price target for American Tower, adding pressure to the investment case even as the stock gained momentum. Bernstein price target reduction
• Negative Sentiment: A recent analysis argued that American Tower remains a high-quality tower REIT but that its prior valuation discount has largely disappeared. With shares trading near $182 and at roughly 25 times earnings, further gains may require stronger operating results or favorable interest-rate conditions. American Tower valuation analysis

American Tower Trading Up 2.2%

Shares of NYSE:AMT opened at $181.62 on Friday. American Tower Corporation has a 1 year low of $160.06 and a 1 year high of $196.08. The firm has a market capitalization of $84.63 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 2.85 and a beta of 0.88. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52. The business's 50 day moving average price is $174.42 and its 200-day moving average price is $175.63.

American Tower (NYSE:AMT - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $1.14. The firm had revenue of $2.75 billion for the quarter, compared to analysts' expectations of $2.70 billion. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, equities research analysts forecast that American Tower Corporation will post 10.80 earnings per share for the current fiscal year.

American Tower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Wednesday, September 30th were given a $1.79 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $7.16 annualized dividend and a dividend yield of 3.9%. American Tower's dividend payout ratio (DPR) is 98.49%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMT. Scotiabank reiterated an "outperform" rating on shares of American Tower in a research report on Wednesday, July 29th. Royal Bank Of Canada raised shares of American Tower from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $195.00 to $205.00 in a research note on Friday, June 26th. Jefferies Financial Group dropped their target price 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. Sanford C. Bernstein cut their price target on American Tower from $214.00 to $212.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, Truist Financial reaffirmed a "buy" rating and issued a $207.00 price target (down from $208.00) on shares of American Tower in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, American Tower has a consensus rating of "Moderate Buy" and an average target price of $214.90.

American Tower Profile

American Tower Corporation NYSE: AMT is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications.

The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations.

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