Palouse Capital Management Inc. Invests $2.40 Million in American Tower Corporation $AMT

Palouse Capital Management Inc. bought a new stake in American Tower Corporation (NYSE:AMT) in the 1st quarter, Holdings Channel.com reports. The firm bought 13,884 shares of the real estate investment trust’s stock, valued at approximately $2,396,000. American Tower accounts for about 1.6% of Palouse Capital Management Inc.’s portfolio, making the stock its 27th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC raised its stake in American Tower by 113.0% in the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock valued at $727,000 after acquiring an additional 2,104 shares during the period. Sivia Capital Partners LLC boosted its position in American Tower by 34.3% during the second quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock worth $319,000 after purchasing an additional 368 shares during the period. United Bank boosted its position in American Tower by 12.7% during the second quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock worth $1,434,000 after purchasing an additional 733 shares during the period. Treasurer of the State of North Carolina increased its holdings in shares of American Tower by 2.2% in the second quarter. Treasurer of the State of North Carolina now owns 218,511 shares of the real estate investment trust’s stock valued at $48,295,000 after purchasing an additional 4,778 shares during the last quarter. Finally, Ieq Capital LLC raised its position in shares of American Tower by 52.2% in the second quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust’s stock valued at $7,570,000 after purchasing an additional 11,751 shares during the period. Institutional investors own 92.69% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Ruth T. Dowling sold 556 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was 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 approximately $5,332,446.96. This represents a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by corporate insiders.

Key Headlines Impacting American Tower

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

• Positive Sentiment: RBC Capital upgraded American Tower (AMT) to Outperform, which suggests improved confidence in the REIT’s outlook and can help support the shares. American Tower (AMT) Upgraded to Outperform at RBC Capital
• Positive Sentiment: Investors are focusing more on American Tower’s role in towers, data centers, and AI-related infrastructure, with commentary highlighting added index inclusion and growth opportunities that could broaden demand for the stock. Index Additions And AI Infrastructure Optimism Might Change The Case For Investing In American Tower (AMT)
• Positive Sentiment: American Tower (AMT) finished the latest session higher while the broader market fell, showing relative strength and suggesting renewed buying interest. American Tower (AMT) Ascends While Market Falls: Some Facts to Note
• Neutral Sentiment: American Tower announced it will report second-quarter 2026 results on July 28, which keeps investors focused on upcoming earnings but is not itself a material operating update. American Tower Plans Second Quarter 2026 Earnings Release and Conference Call
• Neutral Sentiment: The company also released its 2025 sustainability executive report, highlighting ESG progress and operational resilience, which may support the long-term investment case but is unlikely to move the stock on its own. American Tower Corporation Releases 2025 Sustainability Executive Report
• Negative Sentiment: Despite the recent bounce, American Tower (AMT) remains well below its recent highs, and articles continue to point to rate fears and a significant multi-month decline as key overhangs on the stock. American Tower (AMT) Stock After 24% Slide Is The Market Overreacting To Rate Fears

American Tower Stock Performance

Shares of NYSE:AMT opened at $166.10 on Thursday. American Tower Corporation has a 12-month low of $162.27 and a 12-month high of $234.33. The company’s 50 day moving average price is $180.32 and its two-hundred day moving average price is $179.50. The firm has a market cap of $77.39 billion, a PE ratio of 26.83, a PEG ratio of 0.68 and a beta of 0.91. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share 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 net margin of 26.81% and a return on equity of 27.79%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Equities research analysts predict that American Tower Corporation will post 10.66 earnings per share for the current year.

American Tower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Friday, June 12th will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, June 12th. American Tower’s dividend payout ratio (DPR) is 115.67%.

Analyst Upgrades and Downgrades

AMT has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their target price on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Barclays lowered their price target on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Scotiabank boosted their price objective on American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Weiss Ratings downgraded American Tower from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. Finally, Mizuho upgraded American Tower from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $189.00 to $205.00 in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $216.95.

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.