American Tower Corporation $AMT Position Increased by Parcion Private Wealth LLC

Parcion Private Wealth LLC lifted its position in American Tower Corporation (NYSE:AMT) by 160.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,999 shares of the real estate investment trust’s stock after buying an additional 4,923 shares during the period. Parcion Private Wealth LLC’s holdings in American Tower were worth $1,309,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in American Tower in the second quarter valued at approximately $7,490,943,000. State Street Corp increased its position in shares of American Tower by 2.9% during the second quarter. State Street Corp now owns 22,066,202 shares of the real estate investment trust’s stock worth $3,647,491,000 after purchasing an additional 631,593 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of American Tower by 20.4% during the first quarter. Lazard Asset Management LLC now owns 7,325,943 shares of the real estate investment trust’s stock worth $1,264,311,000 after purchasing an additional 1,240,780 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of American Tower during the second quarter worth $1,096,186,000. Finally, Legal & General Group Plc lifted its holdings in shares of American Tower by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 4,853,850 shares of the real estate investment trust’s stock valued at $793,944,000 after purchasing an additional 27,929 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

Key Stories Impacting American Tower

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

• Positive Sentiment: Truist raises target and reiterates Buy: Truist Financial increased its price target for AMT from $207 to $210 and assigned a “Buy” rating. The new target implies approximately 12% upside from the reference price, providing a positive near-term catalyst.
• Positive Sentiment: Share repurchase plan approved: American Tower’s board approved a stock repurchase plan, potentially supporting the share price and signaling management’s confidence in the company’s valuation and cash-generation ability. Stock Repurchase Plan Approved by American Tower Board
• Positive Sentiment: CoreSite outlook remains favorable: Coverage highlighted CoreSite’s repeated guidance increases, suggesting continued strength in American Tower’s data-center and digital-infrastructure operations. Why Is CoreSite Lifting American Tower Guidance Again?
• Neutral Sentiment: Recent earnings were broadly in line: Third-quarter EPS matched consensus, while revenue exceeded estimates and increased year over year. The results provide fundamental support, although earnings growth remains a key consideration for investors. American Tower Q3 2026 Earnings
• Neutral Sentiment: Analyst views are mixed: Recent coverage describes differing opinions on AMT and other real-estate stocks, while performance comparisons examine whether American Tower is outperforming its finance-sector peers. Analysts Offer Insights on Real Estate Companies
• Negative Sentiment: JPMorgan and Citigroup lowered expectations: Both firms recently reduced their price targets for AMT, tempering the bullish impact of Truist’s upgrade. Citigroup nevertheless retained a “Buy” rating while cutting its target from $225 to $220. Citigroup Cuts American Tower Price Target JPMorgan Lowers Expectations for American Tower

Analysts Set New Price Targets

AMT has been the subject of a number of recent analyst reports. Barclays raised their price objective on American Tower from $198.00 to $199.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 30th. BMO Capital Markets upped their target price on American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of American Tower in a research report on Tuesday. Weiss Ratings upgraded American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. Finally, Truist Financial raised their price target on American Tower from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $216.44.

Insider Buying and Selling at American Tower

In related news, EVP Ruth T. Dowling sold 952 shares of the firm’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $185.81, for a total transaction of $176,891.12. Following the completion of the transaction, the executive vice president owned 26,133 shares of the company’s stock, valued at $4,855,772.73. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur bought 2,829 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were acquired at an average price of $177.00 per share, with a total value of $500,733.00. Following the completion of the transaction, the director directly owned 7,765 shares of the company’s stock, valued at $1,374,405. This trade represents a 57.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.08% of the stock is owned by corporate insiders.

American Tower Trading Up 1.0%

American Tower stock opened at $187.83 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 3.30. American Tower Corporation has a 52 week low of $160.06 and a 52 week high of $202.50. The company has a market capitalization of $87.52 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 3.39 and a beta of 0.88. The stock has a 50-day moving average price of $175.85 and a 200 day moving average price of $177.35.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, October 27th. The real estate investment trust reported $1.64 EPS for the quarter, meeting analysts’ consensus estimates of $1.64. American Tower had a return on equity of 32.71% and a net margin of 30.10%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the firm earned $2.78 earnings per share. American Tower’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts anticipate that American Tower Corporation will post 10.80 EPS for the current year.

American Tower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Wednesday, September 30th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 3.8%. The ex-dividend date was Wednesday, September 30th. American Tower’s payout ratio is presently 100.99%.

American Tower declared that its board has authorized a share buyback plan on Tuesday, October 27th that authorizes the company to repurchase $2 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

About American Tower

American Tower Corporation (NYSE:AMT) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications.

The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations.