Westpac Banking Corp Sells 3,724 Shares of American Tower Corporation $AMT

Westpac Banking Corp decreased its position in American Tower Corporation (NYSE:AMT) by 16.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,509 shares of the real estate investment trust’s stock after selling 3,724 shares during the period. Westpac Banking Corp’s holdings in American Tower were worth $3,560,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of American Tower by 5.4% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 939,247 shares of the real estate investment trust’s stock valued at $180,636,000 after purchasing an additional 47,966 shares during the period. AlphaCore Capital LLC lifted its stake in American Tower by 4.4% in the third quarter. AlphaCore Capital LLC now owns 2,133 shares of the real estate investment trust’s stock valued at $414,000 after buying an additional 90 shares during the period. Second Half Financial Partners LLC boosted its holdings in shares of American Tower by 8.1% during the 3rd quarter. Second Half Financial Partners LLC now owns 2,622 shares of the real estate investment trust’s stock worth $504,000 after buying an additional 196 shares in the last quarter. Hager Investment Management Services LLC grew its position in shares of American Tower by 22,222.2% during the 3rd quarter. Hager Investment Management Services LLC now owns 2,009 shares of the real estate investment trust’s stock worth $386,000 after buying an additional 2,000 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in shares of American Tower during the 3rd quarter valued at $756,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AMT shares. UBS Group decreased their price target on shares of American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday. Scotiabank dropped their price target on American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a research note on Wednesday. Jefferies Financial Group reduced their price objective on American Tower from $226.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th. BMO Capital Markets upped their target price on American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Morgan Stanley reduced their price target on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $217.63.

American Tower Stock Performance

NYSE AMT opened at $182.41 on Thursday. The company has a fifty day moving average price of $178.51 and a 200-day moving average price of $185.77. The firm has a market cap of $85.39 billion, a price-to-earnings ratio of 33.84, a PEG ratio of 0.79 and a beta of 0.93. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.89. American Tower Corporation has a 1 year low of $166.88 and a 1 year high of $234.33.

American Tower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, December 29th were paid a $1.70 dividend. The ex-dividend date was Monday, December 29th. This represents a $6.80 annualized dividend and a yield of 3.7%. American Tower’s dividend payout ratio (DPR) is 108.63%.

Key Headlines Impacting American Tower

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

• Positive Sentiment: Q4 results beat estimates — AFFO and revenue topped expectations and management highlighted robust leasing demand and accelerating data-center growth, supporting longer-term revenue diversification. American Tower Sees Robust Leasing Demand Across Towers, Data Centers
• Positive Sentiment: Analyst support remains: BMO raised its target to $200 (market perform), and Morgan Stanley remains overweight with a $220 target — both signal continued conviction in AMT’s fundamentals despite volatility. BMO / MarketScreener Morgan Stanley / MarketScreener
• Positive Sentiment: Industry commentary (Seeking Alpha) argues AMT may outperform peers (e.g., Crown Castle) thanks to its global footprint and data-center expansion. American Tower Poised To Outperform Crown Castle
• Neutral Sentiment: Multiple firms adjusted price targets: UBS trimmed $254→$248 (buy), Scotiabank $220→$214 (sector outperform), TD Cowen $235→$225, and others — most retain constructive ratings, so changes are more calibration than sell signals. Benzinga (analyst notes)
• Neutral Sentiment: Valuation/attractiveness pieces note recent share volatility and mixed short-term returns; these help frame whether current levels offer a buying opportunity but don’t change fundamentals. Yahoo Finance: Is AMT Pricing Attractive
• Negative Sentiment: DISH Network lease default — AMT is pursuing legal remedies and has revised its 2026 outlook to reflect lost DISH revenue in the U.S. market; management is leaning on cost actions and data-center growth to offset the hit. This is the clearest near-term headwind. American Tower Weighs DISH Default
• Negative Sentiment: Mixed guidance messaging — some outlets describe 2026 guidance as “light” despite management’s focus on cost efficiency and revised outlook, creating near-term uncertainty around growth cadence and investor expectations. MSN: Light 2026 Guidance
• Neutral Sentiment: Peripheral/market items (fund portfolio moves, AST SpaceMobile contract story) may influence sector sentiment but are not direct drivers of AMT fundamentals. AST SpaceMobile article

Insider Activity at American Tower

In other news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $14,743,685.25. The trade was a 91.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

American Tower Profile

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.