National Pension Service Buys 18,167 Shares of American Tower Corporation $AMT

National Pension Service boosted its stake in American Tower Corporation (NYSE:AMT - Free Report) by 1.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,551,870 shares of the real estate investment trust's stock after buying an additional 18,167 shares during the quarter. National Pension Service owned approximately 0.33% of American Tower worth $253,839,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AMT. Operose Advisors LLC bought a new stake in shares of American Tower in the 2nd quarter worth $25,000. Swiss RE Ltd. bought a new position in shares of American Tower during the fourth quarter valued at about $25,000. Allied Private Wealth LLC purchased a new position in American Tower during the second quarter worth about $29,000. Triumph Capital Management bought a new stake in American Tower in the 3rd quarter worth about $29,000. Finally, Acumen Wealth Advisors LLC bought a new stake in American Tower in the 4th quarter worth about $29,000. 92.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Sanford C. Bernstein reissued an "outperform" rating and set a $214.00 target price on shares of American Tower in a research report on Wednesday, July 29th. Jefferies Financial Group cut their price objective 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. The Goldman Sachs Group set a $210.00 target price on American Tower in a research report on Tuesday, July 28th. BMO Capital Markets lifted their target price on American Tower from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 29th. Finally, Mizuho set a $208.00 price target on shares of American Tower in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $215.29.

Key Headlines Impacting American Tower

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

• Positive Sentiment: American Tower successfully priced a $1.6 billion senior unsecured notes offering, consisting of $500 million due 2031, $500 million due 2033 and $600 million due 2036. The financing provides long-term capital and liquidity for general corporate purposes, including potential debt refinancing. American Tower Corporation Prices Senior Notes Offering
• Neutral Sentiment: Management participated in Citi’s 2026 Global TMT Conference and Goldman Sachs’ Communacopia + Technology Conference. The available reports are transcripts, and no specific new guidance or material business update was identified in the supplied information. Citi Conference Transcript Goldman Sachs Conference Transcript
• Negative Sentiment: AMT declined more than the broader market, suggesting pressure from general market conditions and the stock’s interest-rate sensitivity rather than a clearly reported deterioration in tower operations. The company’s sizable debt load makes borrowing costs and bond-market conditions important considerations for investors. American Tower Dips More Than Broader Market
• Negative Sentiment: The new notes carry fixed annual interest rates of 5.300% for the 2031 securities and 5.560% for the 2033 securities, with the 2036 tranche also adding to future interest obligations. While the offering supports liquidity, the incremental financing reinforces concerns about AMT’s leverage and interest expense. American Tower Prices Senior Notes Offering

Insider Buying and Selling at American Tower

In other American Tower news, Director Rajesh Kalathur acquired 2,829 shares of the company's stock in a transaction on Friday, August 21st. The shares were acquired at an average cost of $177.00 per share, with a total value of $500,733.00. Following the completion of the acquisition, the director directly owned 7,765 shares in the company, valued at $1,374,405. This trade represents a 57.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert Joseph Meyer sold 5,000 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total transaction of $894,450.00. Following the transaction, the chief financial officer owned 21,428 shares of the company's stock, valued at $3,833,254.92. This represents a 18.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,791 shares of company stock valued at $1,204,091 over the last three months. 0.08% of the stock is currently owned by insiders.

American Tower Stock Performance

NYSE:AMT opened at $172.76 on Friday. The company has a market capitalization of $80.50 billion, a P/E ratio of 23.76, a P/E/G ratio of 2.82 and a beta of 0.89. The business has a fifty day simple moving average of $171.66 and a two-hundred day simple moving average of $177.16. 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 1 year low of $160.06 and a 1 year high of $199.13.

American Tower (NYSE:AMT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 EPS 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 analysts' expectations of $2.70 billion. During the same quarter in the prior year, the firm earned $2.60 EPS. The business's revenue for the quarter 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, analysts expect that American Tower Corporation will post 10.8 earnings per share for the current year.

About American Tower

American Tower Corporation NYSE: AMT is a global owner, operator and developer of wireless communications infrastructure. The company leases space on communications sites, including towers, rooftops and other structures, to wireless carriers, broadcasters, government agencies and other customers. Its infrastructure supports wireless networks and the transmission of voice, data and video services.

In addition to traditional macro towers, American Tower provides distributed antenna systems and other in-building or venue-based communications solutions designed to improve wireless coverage and capacity.

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