American Tower (NYSE:AMT) EVP Sells $113,932.00 in Stock

Key Points

• Insider sale: EVP Ruth Dowling sold 626 American Tower shares for approximately $113,932 under a pre-arranged Rule 10b5-1 plan, reducing her position by 2.26% while retaining 27,085 shares.
• Quarterly performance and shareholder returns: American Tower matched analysts’ quarterly EPS estimate at $1.64, exceeded revenue expectations with $2.79 billion, and reported 2.5% year-over-year revenue growth. The REIT also maintains a $7.16 annualized dividend yielding about 3.8% and authorized a $2 billion share-repurchase program.
• Analyst sentiment remains positive: American Tower has a consensus “Moderate Buy” rating and an average price target of $216.44, compared with a reported share price of $187.83.

American Tower Corporation (NYSE:AMT - Get Free Report) EVP Ruth Dowling sold 626 shares of the stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $182.00, for a total value of $113,932.00. Following the sale, the executive vice president directly owned 27,085 shares of the company's stock, valued at approximately $4,929,470. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

American Tower Trading Up 1.0%

Shares of AMT traded up $1.95 during mid-day trading on Friday, hitting $187.83. 3,111,300 shares of the company's stock traded hands, compared to its average volume of 3,113,406. The business's 50-day moving average price is $175.61 and its 200-day moving average price is $177.27. American Tower Corporation has a 1 year low of $160.06 and a 1 year high of $202.50. The firm has a market capitalization of $87.52 billion, a P/E ratio of 26.49, a PEG ratio of 2.95 and a beta of 0.88. The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 3.30.

American Tower (NYSE:AMT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $1.64 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.64. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. American Tower had a return on equity of 32.71% and a net margin of 30.10%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.78 earnings per share. As a group, sell-side analysts forecast that American Tower Corporation will post 10.80 EPS for the current fiscal year.

American Tower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Wednesday, September 30th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, September 30th. American Tower's payout ratio is currently 98.49%.

American Tower announced that its board has authorized a stock repurchase program on Tuesday, October 27th that authorizes the company to buy back $2 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMT. Wolfe Research upgraded American Tower from a "peer perform" rating to an "outperform" rating and set a $188.00 price target for the company in a report on Wednesday, July 8th. Sanford C. Bernstein decreased their price objective on American Tower from $214.00 to $212.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 20th. Barclays increased their price objective on shares of American Tower from $198.00 to $199.00 and gave the company an "overweight" rating in a report on Wednesday, September 30th. TD Cowen raised their price target on American Tower from $225.00 to $227.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Finally, Scotiabank restated an "outperform" rating on shares of American Tower in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, American Tower currently has an average rating of "Moderate Buy" and a consensus target price of $216.44.

Institutional Investors Weigh In On American Tower

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dynamic Wealth Strategies LLC boosted its holdings in American Tower by 11.1% during the third quarter. Dynamic Wealth Strategies LLC now owns 549 shares of the real estate investment trust's stock worth $90,000 after buying an additional 55 shares in the last quarter. TOWER TRUST & INVESTMENT Co increased its stake in American Tower by 1.2% during the third quarter. TOWER TRUST & INVESTMENT Co now owns 5,002 shares of the real estate investment trust's stock worth $819,000 after acquiring an additional 58 shares during the last quarter. Pinnacle Bancorp Inc. boosted its position in shares of American Tower by 1.3% during the third quarter. Pinnacle Bancorp Inc. now owns 4,491 shares of the real estate investment trust's stock worth $736,000 after buying an additional 59 shares during the period. William Allan Corp raised its position in American Tower by 4.7% in the 3rd quarter. William Allan Corp now owns 1,391 shares of the real estate investment trust's stock valued at $228,000 after purchasing an additional 62 shares in the last quarter. Finally, Community Financial Services Group LLC lifted its stake in American Tower by 1.2% during the second quarter. Community Financial Services Group LLC now owns 5,388 shares of the real estate investment trust's stock worth $895,000 after purchasing an additional 65 shares during the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

American Tower News Summary

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

• Positive Sentiment: Truist raises target and reiterates Buy: Truist Financial increased its price target for AMT from $207 to $210 and assigned a “Buy” rating. The new target implies approximately 12% upside from the reference price, providing a positive near-term catalyst.
• Positive Sentiment: Share repurchase plan approved: American Tower’s board approved a stock repurchase plan, potentially supporting the share price and signaling management’s confidence in the company’s valuation and cash-generation ability. Stock Repurchase Plan Approved by American Tower Board
• Positive Sentiment: CoreSite outlook remains favorable: Coverage highlighted CoreSite’s repeated guidance increases, suggesting continued strength in American Tower’s data-center and digital-infrastructure operations. Why Is CoreSite Lifting American Tower Guidance Again?
• Neutral Sentiment: Recent earnings were broadly in line: Third-quarter EPS matched consensus, while revenue exceeded estimates and increased year over year. The results provide fundamental support, although earnings growth remains a key consideration for investors. American Tower Q3 2026 Earnings
• Neutral Sentiment: Analyst views are mixed: Recent coverage describes differing opinions on AMT and other real-estate stocks, while performance comparisons examine whether American Tower is outperforming its finance-sector peers. Analysts Offer Insights on Real Estate Companies
• Negative Sentiment: JPMorgan and Citigroup lowered expectations: Both firms recently reduced their price targets for AMT, tempering the bullish impact of Truist’s upgrade. Citigroup nevertheless retained a “Buy” rating while cutting its target from $225 to $220. Citigroup Cuts American Tower Price Target JPMorgan Lowers Expectations for American Tower

American Tower Company 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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