Palouse Capital Management Inc. Makes New Investment in American Tower Corporation $AMT

Key Points

• Palouse Capital Management opened a new position in American Tower, buying 13,884 shares worth about $2.4 million in the first quarter. The stake represents roughly 1.6% of the firm’s portfolio.
• American Tower reported strong first-quarter results, with EPS of $2.84 beating estimates by a wide margin and revenue of $2.74 billion topping forecasts. The company also raised its FY 2026 EPS guidance to 10.90–11.07.
• The REIT declared a quarterly dividend of $1.79 per share, equal to an annualized yield of about 4.3%. However, the payout ratio is high at 115.67%, and the stock remains well below its 52-week high despite recent analyst upgrades.

Palouse Capital Management Inc. acquired a new stake in American Tower Corporation (NYSE:AMT - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 13,884 shares of the real estate investment trust's stock, valued at approximately $2,396,000. American Tower accounts for about 1.6% of Palouse Capital Management Inc.'s investment portfolio, making the stock its 27th biggest holding.

A number of other large investors have also bought and sold shares of the business. J. Stern & Co. LLP lifted its stake in American Tower by 28,121.1% in the fourth quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust's stock valued at $6,616,703,000 after buying an additional 37,553,436 shares in the last quarter. State Street Corp raised its holdings in shares of American Tower by 0.3% during the fourth quarter. State Street Corp now owns 20,987,534 shares of the real estate investment trust's stock worth $3,719,634,000 after acquiring an additional 71,605 shares during the period. Geode Capital Management LLC lifted its position in American Tower by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 13,499,035 shares of the real estate investment trust's stock valued at $2,361,675,000 after acquiring an additional 227,361 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in American Tower by 20,721.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust's stock worth $1,705,254,000 after purchasing an additional 9,666,025 shares during the period. Finally, Invesco Ltd. boosted its stake in American Tower by 0.9% in the 4th quarter. Invesco Ltd. now owns 6,948,190 shares of the real estate investment trust's stock worth $1,219,894,000 after purchasing an additional 59,557 shares during the period. 92.69% of the stock is owned by institutional investors.

American Tower Trading Up 1.5%

American Tower stock opened at $166.10 on Thursday. The company has a market cap of $77.39 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 0.68 and a beta of 0.91. The firm has a 50-day moving average of $180.32 and a 200-day moving average of $179.50. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. American Tower Corporation has a one year low of $162.27 and a one year high of $234.33.

American Tower (NYSE:AMT - Get Free Report) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the previous year, the business earned $2.75 earnings per share. American Tower's quarterly revenue was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, equities analysts expect that American Tower Corporation will post 10.66 earnings per share for the current fiscal year.

American Tower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Friday, June 12th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, June 12th. American Tower's dividend payout ratio (DPR) is currently 115.67%.

Key Stories Impacting American Tower

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

• Positive Sentiment: RBC Capital upgraded American Tower (AMT) to Outperform, which suggests improved confidence in the REIT’s outlook and can help support the shares. American Tower (AMT) Upgraded to Outperform at RBC Capital
• Positive Sentiment: Investors are focusing more on American Tower’s role in towers, data centers, and AI-related infrastructure, with commentary highlighting added index inclusion and growth opportunities that could broaden demand for the stock. Index Additions And AI Infrastructure Optimism Might Change The Case For Investing In American Tower (AMT)
• Positive Sentiment: American Tower (AMT) finished the latest session higher while the broader market fell, showing relative strength and suggesting renewed buying interest. American Tower (AMT) Ascends While Market Falls: Some Facts to Note
• Neutral Sentiment: American Tower announced it will report second-quarter 2026 results on July 28, which keeps investors focused on upcoming earnings but is not itself a material operating update. American Tower Plans Second Quarter 2026 Earnings Release and Conference Call
• Neutral Sentiment: The company also released its 2025 sustainability executive report, highlighting ESG progress and operational resilience, which may support the long-term investment case but is unlikely to move the stock on its own. American Tower Corporation Releases 2025 Sustainability Executive Report
• Negative Sentiment: Despite the recent bounce, American Tower (AMT) remains well below its recent highs, and articles continue to point to rate fears and a significant multi-month decline as key overhangs on the stock. American Tower (AMT) Stock After 24% Slide Is The Market Overreacting To Rate Fears

Insider Buying and Selling at American Tower

In other news, EVP Ruth T. Dowling sold 556 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total value of $99,234.88. Following the completion of the sale, the executive vice president owned 29,877 shares of the company's stock, valued at approximately $5,332,446.96. This represents a 1.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Mizuho upgraded American Tower from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $189.00 to $205.00 in a report on Wednesday, April 15th. Jefferies Financial Group increased their price objective on American Tower from $209.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, April 14th. Raymond James Financial reissued a "strong-buy" rating and issued a $240.00 target price on shares of American Tower in a research report on Wednesday, April 29th. Truist Financial boosted their target price on American Tower from $205.00 to $208.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Finally, Sanford C. Bernstein raised American Tower from a "market perform" rating to an "outperform" rating and set a $207.00 price target for the company in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, American Tower has a consensus rating of "Moderate Buy" and an average price target of $216.95.

About American Tower

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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