Strs Ohio Cuts Stake in American Tower Corporation $AMT

Strs Ohio lowered its position in shares of American Tower Corporation (NYSE:AMT) by 2.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 149,999 shares of the real estate investment trust’s stock after selling 4,268 shares during the period. Strs Ohio’s holdings in American Tower were worth $26,335,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of AMT. Lazard Asset Management LLC raised its position in American Tower by 1,984.8% during the 3rd quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock worth $858,552,000 after buying an additional 4,250,242 shares during the last quarter. Viking Global Investors LP raised its position 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 buying an additional 1,958,329 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in American Tower during the 3rd quarter worth $305,872,000. Arrowstreet Capital Limited Partnership raised its position in American Tower by 35.0% during 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 buying an additional 724,504 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of American Tower by 733.1% in the 3rd quarter. Two Sigma Investments LP now owns 804,761 shares of the real estate investment trust’s stock valued at $154,772,000 after purchasing an additional 708,158 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMT. JPMorgan Chase & Co. reduced their price objective on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday. Morgan Stanley reduced their price objective on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Sanford C. Bernstein raised their price objective on shares of American Tower from $205.00 to $207.00 and gave the company a “market perform” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $195.00 price objective on shares of American Tower in a research note on Thursday. Finally, Barclays reduced their price objective on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $218.05.

Insider Buying and Selling at American Tower

In other news, EVP Ruth T. Dowling sold 556 shares of American Tower stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total transaction of $99,234.88. Following the completion of the sale, the executive vice president directly owned 29,877 shares in the company, valued at $5,332,446.96. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur purchased 2,671 shares of the stock in a transaction dated Tuesday, March 10th. The shares were purchased at an average price of $185.30 per share, with a total value of $494,936.30. Following the completion of the acquisition, the director owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. This represents a 117.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders sold 42,181 shares of company stock worth $8,046,071. 0.08% of the stock is owned by corporate insiders.

American Tower Stock Performance

NYSE:AMT opened at $181.72 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. The firm has a 50-day moving average price of $180.04 and a two-hundred day moving average price of $180.03. American Tower Corporation has a twelve month low of $165.08 and a twelve month high of $234.33. The company has a market capitalization of $84.69 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 0.76 and a beta of 0.90.

American Tower (NYSE:AMT) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating the consensus estimate of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period last year, the firm posted $2.75 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, research analysts expect that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th were issued a dividend of $1.79 per share. This is an increase from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date was Tuesday, April 14th. This represents a $7.16 annualized dividend and a yield of 3.9%. American Tower’s payout ratio is 115.67%.

Key American Tower News

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

• Positive Sentiment: Q1 beat and upgraded outlook — AMT reported AFFO and revenue above estimates and raised FY‑2026 guidance, giving the stock fundamental support from recurring cash flow strength. Read More.
• Positive Sentiment: CoreSite/AI tailwinds — CoreSite launched 100Gbps connectivity across its Open Cloud Exchange to target AI/ML and high‑bandwidth workloads, supporting data‑center growth that can diversify AMT’s revenue mix. Read More.
• Positive Sentiment: Dividend lift — the company raised the quarterly dividend (to $1.79) paid late April, reinforcing the REIT income profile that appeals to yield‑oriented holders. Read More.
• Positive Sentiment: Analyst support — several firms raised price targets or reiterated buy/overweight stances (e.g., Truist raised its target), which underpins medium‑term upside expectations. Read More.
• Neutral Sentiment: JPMorgan recalibration — JPM trimmed its target from $245 to $240 but kept an overweight rating; this is a modest adjustment rather than a downgrade and leaves meaningful upside. Read More.
• Neutral Sentiment: RBC reaffirmed sector‑perform ($195) — mixed analyst views persist across brokers, creating intra‑day volatility as investors weigh growth vs. valuation. Read More.
• Neutral Sentiment: Insider selling under 10b5‑1 — EVP Ruth T. Dowling sold small lots (pre‑arranged plan); routine plan sales can seed supply but do not necessarily signal deteriorating fundamentals. Read More.
• Negative Sentiment: Critical commentary on valuation/catalysts — some analysts and commentators argue AMT lacks near‑term re‑rating catalysts and flag margin/valuation risks, which can prompt short‑term profit‑taking. Read More.

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.