KBC Group NV Buys 12,900 Shares of American Tower Corporation $AMT

KBC Group NV grew its stake in shares of American Tower Corporation (NYSE:AMT) by 5.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 230,550 shares of the real estate investment trust’s stock after purchasing an additional 12,900 shares during the period. KBC Group NV’s holdings in American Tower were worth $40,477,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMT. Abound Wealth Management increased its holdings in American Tower by 137.3% during the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 81 shares in the last quarter. Holos Integrated Wealth LLC bought a new stake in American Tower during the 4th quarter worth approximately $27,000. Triumph Capital Management bought a new stake in American Tower during the 3rd quarter worth approximately $29,000. Steph & Co. increased its stake in American Tower by 87.2% in the 4th quarter. Steph & Co. now owns 176 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 82 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in American Tower in the 3rd quarter valued at about $32,000. 92.69% of the stock is owned by institutional investors.

Insider Activity at American Tower

In related news, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief operating officer owned 29,592 shares in the company, valued at approximately $5,653,551.60. This represents a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rajesh Kalathur acquired 2,671 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the purchase, the director owned 4,936 shares of the company’s stock, valued at $914,640.80. The trade was a 117.92% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.17% of the stock is currently owned by corporate insiders.

American Tower Stock Performance

AMT stock opened at $178.35 on Friday. The firm has a market cap of $83.13 billion, a PE ratio of 33.09, a P/E/G ratio of 0.74 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. The business has a 50 day moving average of $181.11 and a 200-day moving average of $180.77. American Tower Corporation has a 12-month low of $165.08 and a 12-month high of $234.33.

American Tower (NYSE:AMT) last released 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). 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 period in the prior year, the company earned $2.62 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. As a group, sell-side analysts expect that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th will be paid a $1.79 dividend. The ex-dividend date is Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a yield of 4.0%. American Tower’s dividend payout ratio (DPR) is currently 132.84%.

Key American Tower News

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

• Positive Sentiment: Mizuho upgraded AMT from Neutral to Outperform and raised its price target to $205, citing that CoreSite’s data‑center contribution and stronger 5G leasing demand make the company’s mix of tower and data‑center earnings undervalued — this upgrade is the primary catalyst for buying interest today. American Tower’s Valuation After Upgrade Highlighting CoreSite Growth And 5G Leasing Demand
• Positive Sentiment: Jefferies nudged its price target to $210 (maintaining a Buy), giving additional analyst support and signaling incremental upside versus current levels; that reinforces the positive narrative from Mizuho. Jefferies adjusts American Tower price target to 210
• Neutral Sentiment: American Tower recently declared a $1.79 quarterly cash distribution; the steady dividend supports the yield story but raises the usual investor question about balancing shareholder returns with capital needs for data‑center and tower growth. Investors will watch upcoming quarter results for signs of free cash flow to sustain both growth and payouts. Does American Tower’s (AMT) New Dividend Payout Clarify Its Long‑Term Capital Allocation Priorities?
• Negative Sentiment: Despite the upgrades, AMT has shown prolonged underperformance (multi‑month and multi‑quarter share declines) and earlier quarterly results included an EPS miss, which keeps some investors cautious about valuation and near‑term earnings execution. That backdrop limits how much the stock may rally on upgrades alone. Mizuho Upgrades American Tower to Outperform: Will This Cell Tower Giant Finally Reclaim Its Crown?

Analysts Set New Price Targets

Several equities research analysts have commented on AMT shares. UBS Group decreased their price objective 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, February 25th. Raymond James Financial reduced their target price on American Tower from $231.00 to $229.00 and set a “strong-buy” rating for the company in a report on Friday, January 23rd. BMO Capital Markets upped their target price on American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a report on Wednesday, February 25th. TD Cowen reduced their target price on American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Tower in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $217.33.

American Tower Company 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.