Rathbones Group PLC Acquires 31,635 Shares of American Tower Corporation $AMT

Key Points

• Rathbones Group PLC boosted its stake in American Tower by 8.3%, purchasing 31,635 shares to hold 412,788 shares (about 0.09% of the company) valued at roughly $79.39 million at the end of the quarter.
• American Tower raised its quarterly dividend to $1.79 (annualized $7.16) from $1.70, lifting the yield to about 3.8% with an ex-dividend date of April 14 and payment on April 28.
• The company missed quarterly EPS estimates ($1.75 vs. $2.54 expected) despite 7.5% revenue growth, and set FY2026 guidance of $10.780–$10.950 EPS versus analysts' average forecast near $10.14.

Rathbones Group PLC lifted its holdings in shares of American Tower Corporation (NYSE:AMT - Free Report) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 412,788 shares of the real estate investment trust's stock after purchasing an additional 31,635 shares during the period. Rathbones Group PLC owned 0.09% of American Tower worth $79,387,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. YANKCOM Partnership grew its position in shares of American Tower by 2.9% during the 2nd quarter. YANKCOM Partnership now owns 1,729 shares of the real estate investment trust's stock worth $382,000 after buying an additional 49 shares during the period. Manchester Capital Management LLC lifted its position in shares of American Tower by 3.1% during the 2nd quarter. Manchester Capital Management LLC now owns 1,808 shares of the real estate investment trust's stock valued at $400,000 after acquiring an additional 54 shares during the period. Johnson Financial Group Inc. boosted its stake in American Tower by 7.1% during the second quarter. Johnson Financial Group Inc. now owns 833 shares of the real estate investment trust's stock worth $186,000 after acquiring an additional 55 shares in the last quarter. SOA Wealth Advisors LLC. grew its holdings in American Tower by 36.7% in the third quarter. SOA Wealth Advisors LLC. now owns 205 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 55 shares during the period. Finally, Accredited Investors Inc. increased its stake in American Tower by 5.2% in the second quarter. Accredited Investors Inc. now owns 1,167 shares of the real estate investment trust's stock valued at $258,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

American Tower Price Performance

American Tower stock opened at $188.87 on Friday. American Tower Corporation has a 52 week low of $166.88 and a 52 week high of $234.33. The company's 50 day moving average price is $180.60 and its two-hundred day moving average price is $185.00. The stock has a market cap of $88.03 billion, a P/E ratio of 35.04, a P/E/G ratio of 0.79 and a beta of 0.92. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27.

American Tower (NYSE:AMT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.54 by ($0.79). American Tower had a net margin of 23.76% and a return on equity of 24.36%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter last year, the company earned $2.62 EPS. The firm'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. On average, equities analysts predict that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend 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 dividend payout ratio (DPR) is presently 126.16%.

More American Tower News

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

• Positive Sentiment: Board raised the quarterly cash distribution to $1.79/share (5.3% increase versus prior quarter), payable April 28; the raise supports the stock’s income appeal and pushes the yield to roughly 3.8%. Read More.
• Neutral Sentiment: Sanford C. Bernstein initiated coverage with a Market Perform rating and $205 price target (~8.5% above current levels) — a modest positive signal but not a bullish endorsement. Read More.
• Neutral Sentiment: RBC Capital issued a Hold (sector perform) on AMT, signaling limited near‑term upside from their perspective and contributing to mixed analyst sentiment. Read More.
• Neutral Sentiment: Recent press pieces (e.g., “Balances 2025 Strength With 2026 Reset”) and assorted analyst target trims reflect a view that 2025 performance was solid but 2026 requires a reset — this keeps the story mixed for growth vs. valuation. Read More.
• Negative Sentiment: COO Eugene M. Noel sold 41,209 shares (≈$7.9M at the sale price), cutting his stake by ~58% — a sizable insider sale that can be perceived negatively by investors even if for personal/liquidity reasons. Read More.

Insiders Place Their Bets

In other news, COO Eugene M. Noel sold 41,209 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the completion of the transaction, the chief operating officer directly owned 29,592 shares in the company, valued at $5,653,551.60. The trade was a 58.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the business's stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total value of $159,631,314.75. Following the transaction, the insider owned 211,379 shares of the company's stock, valued at approximately $14,743,685.25. The trade was a 91.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. UBS Group cut their price objective on shares of American Tower from $254.00 to $248.00 and set a "buy" rating on the stock in a research report on Wednesday, February 25th. Barclays reaffirmed an "equal weight" rating and set a $200.00 price target (down from $203.00) on shares of American Tower in a research note on Monday, December 1st. New Street Research upgraded American Tower from a "neutral" rating to a "buy" rating and set a $203.00 price target on the stock in a report on Monday, January 5th. Royal Bank Of Canada reduced their price objective on American Tower from $220.00 to $195.00 and set a "sector perform" rating for the company in a research note on Monday, January 12th. Finally, Sanford C. Bernstein assumed coverage on American Tower in a report on Thursday. They set a "market perform" rating and a $205.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $217.35.

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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