American Tower Corporation $AMT Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. cut its stake in American Tower Corporation (NYSE:AMT) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,604 shares of the real estate investment trust’s stock after selling 4,927 shares during the period. Cullen Frost Bankers Inc.’s holdings in American Tower were worth $10,991,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of American Tower during the fourth quarter worth approximately $14,257,000. PNC Financial Services Group Inc. boosted its position in American Tower by 39.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 392,595 shares of the real estate investment trust’s stock worth $68,928,000 after acquiring an additional 110,635 shares during the period. GSA Capital Partners LLP increased its holdings in shares of American Tower by 84.6% during the fourth quarter. GSA Capital Partners LLP now owns 9,579 shares of the real estate investment trust’s stock valued at $1,682,000 after purchasing an additional 4,389 shares during the period. Larson Financial Group LLC increased its holdings in shares of American Tower by 19.5% during the fourth quarter. Larson Financial Group LLC now owns 1,043 shares of the real estate investment trust’s stock valued at $183,000 after purchasing an additional 170 shares during the period. Finally, Profund Advisors LLC raised its stake in shares of American Tower by 16.8% during the fourth quarter. Profund Advisors LLC now owns 6,399 shares of the real estate investment trust’s stock valued at $1,123,000 after purchasing an additional 919 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on AMT shares. Sanford C. Bernstein raised shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 target price on the stock in a research note on Tuesday. Raymond James Financial reiterated a “strong-buy” rating and set a $240.00 price objective on shares of American Tower in a research note on Wednesday, April 29th. BMO Capital Markets upped their target price on American Tower from $185.00 to $200.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 25th. Citizens Jmp reiterated a “market outperform” rating and set a $260.00 price target on shares of American Tower in a research report on Wednesday, April 29th. Finally, Truist Financial upped their price objective on American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, American Tower has a consensus rating of “Moderate Buy” and a consensus target price of $216.20.

More American Tower News

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

• Positive Sentiment: Bernstein upgraded American Tower (AMT) to Outperform from Market Perform and set a $207 price target, helping fuel buying interest as investors reassessed the stock’s upside potential. Bernstein upgrades American Tower (AMT)
• Positive Sentiment: Analysts argued that concerns around satellite competition, interest rates, and Dish exposure may be overdone, which has improved sentiment toward the tower REIT group and AMT specifically. Bernstein turns bullish on American Tower, sees 17% upside
• Positive Sentiment: Recent commentary also points to American Tower’s stronger fundamentals and raised 2026 outlook after its latest quarterly report, reinforcing confidence in cash-flow growth and resilience. American Tower rises 3.4% as Bernstein upgrade revives optimism after raised 2026 outlook

American Tower Trading Up 0.5%

Shares of NYSE:AMT opened at $183.89 on Thursday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market capitalization of $85.67 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 0.76 and a beta of 0.90. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33. The company has a 50 day moving average price of $177.43 and a 200 day moving average price of $179.05.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, research analysts anticipate that American Tower Corporation will post 10.67 EPS for the current fiscal year.

American Tower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th were paid a $1.79 dividend. The ex-dividend date of this dividend was Tuesday, April 14th. This represents a $7.16 dividend on an annualized basis and a yield of 3.9%. This is an increase from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio (DPR) is 115.67%.

Insiders Place Their Bets

In other American Tower news, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were 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 directly owned 29,592 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rajesh Kalathur bought 2,671 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was 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 trade represents a 117.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have sold 42,181 shares of company stock worth $8,046,071. Company insiders own 0.08% of the company’s stock.

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.