American Tower Corporation $AMT Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in American Tower Corporation (NYSE:AMT) by 2.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 363,543 shares of the real estate investment trust’s stock after selling 10,564 shares during the quarter. New York State Teachers Retirement System’s holdings in American Tower were worth $63,827,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AMT. Vanguard Group Inc. increased its holdings in American Tower by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust’s stock worth $12,239,277,000 after acquiring an additional 611,801 shares in the last quarter. Invesco Ltd. lifted its holdings in American Tower by 3.1% during the third quarter. Invesco Ltd. now owns 6,888,633 shares of the real estate investment trust’s stock valued at $1,324,822,000 after purchasing an additional 208,109 shares in the last quarter. Capital Research Global Investors lifted its holdings in American Tower by 0.3% during the third quarter. Capital Research Global Investors now owns 4,924,771 shares of the real estate investment trust’s stock valued at $947,132,000 after purchasing an additional 15,145 shares in the last quarter. Legal & General Group Plc grew its position in shares of American Tower by 3.5% in the third quarter. Legal & General Group Plc now owns 4,653,248 shares of the real estate investment trust’s stock valued at $894,913,000 after purchasing an additional 159,223 shares during the period. Finally, Lazard Asset Management LLC increased its stake in shares of American Tower by 1,984.8% during 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 purchasing an additional 4,250,242 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on AMT shares. Mizuho upgraded shares of American Tower from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $189.00 to $205.00 in a research report on Wednesday, April 15th. Barclays lowered their price objective on American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. UBS Group cut their price objective on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Royal Bank Of Canada reissued a “sector perform” rating and set a $195.00 target price on shares of American Tower in a report on Thursday. Finally, TD Cowen lowered their price target on American Tower from $235.00 to $225.00 in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, American Tower currently has an average rating of “Moderate Buy” and an average price target of $218.05.

Insider Activity

In other American Tower news, COO Eugene M. Noel sold 41,209 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the completion of the sale, the chief operating officer owned 29,592 shares of the company’s stock, valued at $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rajesh Kalathur bought 2,671 shares of American Tower stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the transaction, the director directly owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have sold 42,181 shares of company stock valued at $8,046,071. 0.08% of the stock is currently owned by company insiders.

Trending Headlines about American Tower

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

• Positive Sentiment: Q1 beat and raised outlook — AMT reported AFFO of $2.84 (above estimates) and revenue of $2.74B; management raised full‑year outlook, driving investor confidence. Read More.
• Positive Sentiment: Data‑center momentum — CoreSite rolled out 100Gbps across its Open Cloud Exchange to support AI/ML high‑bandwidth workloads; management cites this segment as a growth driver. Read More.
• Positive Sentiment: Analyst upside — several firms raised targets or ratings (Truist, Scotiabank, Sanford/Bernstein, Citizens/JMP among others), signaling institutional support for AMT’s growth story. Read More.
• Neutral Sentiment: JPMorgan trimmed its price target from $245 to $240 but kept an overweight stance — still a sizable upside, so the move is more of a calibration than a negative re‑rating. Read More.
• Neutral Sentiment: Mixed/varied brokerage views — RBC reaffirmed sector perform ($195), Barclays & Mizuho issued mixed notes; analysts differ on regional/margin risks versus long‑run growth. Read More.
• Neutral Sentiment: Insider selling disclosed — EVP Ruth T. Dowling sold small lots under a pre‑arranged Rule 10b5‑1 plan (minor ownership reduction); typical for planned programs and not an immediate red flag for fundamentals. Read More.
• Negative Sentiment: Critical analyst commentary — a Seeking Alpha piece argued the stock lacks catalysts to re‑rate and flagged margin/valuation concerns, which may fuel short‑term profit‑taking by some investors. Read More.

American Tower Trading Up 2.6%

Shares of AMT stock opened at $182.89 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.60 and a debt-to-equity ratio of 3.07. American Tower Corporation has a twelve month low of $165.08 and a twelve month high of $234.33. The company’s 50-day moving average price is $180.04 and its 200-day moving average price is $180.05. The stock has a market cap of $85.24 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 0.75 and a beta of 0.92.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. American Tower’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, equities analysts predict that American Tower Corporation will post 10.59 earnings per share for the current year.

American Tower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, April 14th. This is a boost from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio is presently 115.67%.

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.