Trust Co. of Vermont Reduces Stock Position in American Tower Corporation $AMT

Trust Co. of Vermont cut its holdings in American Tower Corporation (NYSE:AMT) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,067 shares of the real estate investment trust’s stock after selling 2,928 shares during the period. Trust Co. of Vermont’s holdings in American Tower were worth $7,035,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lazard Asset Management LLC boosted its holdings in shares of American Tower by 1,984.8% in the third quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock worth $858,552,000 after acquiring an additional 4,250,242 shares during the period. Viking Global Investors LP lifted its holdings in American Tower by 233.5% during the 2nd quarter. Viking Global Investors LP now owns 2,797,125 shares of the real estate investment trust’s stock worth $618,221,000 after purchasing an additional 1,958,329 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in American Tower during the 3rd quarter worth about $305,872,000. Arrowstreet Capital Limited Partnership boosted its stake in American Tower by 35.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,796,007 shares of the real estate investment trust’s stock worth $537,728,000 after purchasing an additional 724,504 shares during the period. Finally, Invesco Ltd. boosted its stake in American Tower by 11.9% in the 2nd quarter. Invesco Ltd. now owns 6,680,524 shares of the real estate investment trust’s stock worth $1,476,529,000 after purchasing an additional 708,808 shares during the period. Institutional investors own 92.69% of the company’s stock.

Insiders Place Their Bets

In other news, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $191.05, for a total value 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 approximately $5,653,551.60. This represents a 58.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rajesh Kalathur acquired 2,671 shares of American Tower stock in a transaction dated Tuesday, March 10th. The shares were purchased at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the transaction, the director directly owned 4,936 shares in the company, valued at approximately $914,640.80. The trade was a 117.92% increase in their position. The SEC filing for this purchase provides additional information. 0.17% of the stock is owned by corporate insiders.

American Tower Stock Down 0.8%

AMT stock opened at $171.16 on Thursday. The company’s 50 day moving average is $181.18 and its 200 day moving average is $181.98. The stock has a market cap of $79.77 billion, a price-to-earnings ratio of 31.75, a price-to-earnings-growth ratio of 0.72 and a beta of 0.92. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.54 by ($0.79). The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.69 billion. American Tower had a net margin of 23.76% and a return on equity of 24.36%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.62 earnings per share. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. Sell-side analysts predict that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 4.2%. 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 132.84%.

Key Stories Impacting American Tower

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

• Positive Sentiment: Truist initiated coverage with a Buy and a $205 price target, calling towers a high-quality business with long-term upside — this gives investors a near‑term analyst catalyst and implied ~20% upside from current levels. Truist Financial Initiates American Tower Corporation (AMT) with Buy, Sees Long-Term Upside
• Positive Sentiment: Zacks/Zacks-linked reports upgraded AMT to a strong‑buy, reinforcing the bullish analyst flow and supporting demand in the stock. Zacks.com
• Positive Sentiment: Management signaled a 2026 strategic refocus at the Media, Internet & Telecom Conference: targeted expansion in Europe and a multi‑year cost‑saving plan intended to lift margins and enforce more disciplined operations — a structural positive for profitability if execution sticks. American Tower Refocuses On Europe As Cost Plan Targets Margin Gains
• Neutral Sentiment: Company set its Q1 2026 earnings release and conference call for April 28 (7:00 a.m. ET release; 8:30 a.m. call) — an upcoming event that could produce fresh guidance/metrics and move the stock. American Tower Plans First Quarter 2026 Earnings Release and Conference Call
• Neutral Sentiment: Recent market commentary noted the stock rose modestly on a recent session but lagged broader market gains — suggests limited immediate upside absent fresh fundamental news. American Tower (AMT) Increases Yet Falls Behind Market: What Investors Need to Know
• Negative Sentiment: Management flagged continued challenges in Latin America and specified Dish Network is not part of its near‑term growth framework — these regional headwinds and the lack of a large new tenant opportunity could limit revenue/occupancy upside in the near term. American Tower Refocuses On Europe As Cost Plan Targets Margin Gains

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Scotiabank decreased their price target on American Tower from $220.00 to $214.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, February 25th. Truist Financial started coverage on shares of American Tower in a research note on Tuesday. They set a “buy” rating and a $205.00 price objective for the company. UBS Group decreased their target price on shares of American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. New Street Research upgraded shares of American Tower from a “neutral” rating to a “buy” rating and set a $203.00 target price on the stock in a research note on Monday, January 5th. Finally, BMO Capital Markets raised their price target on shares of American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, American Tower currently has an average rating of “Moderate Buy” and an average target price of $216.76.

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.