Sound Income Strategies LLC Acquires 15,083 Shares of American Tower Corporation $AMT

Sound Income Strategies LLC grew its holdings in American Tower Corporation (NYSE:AMT) by 14.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 118,811 shares of the real estate investment trust’s stock after buying an additional 15,083 shares during the period. Sound Income Strategies LLC’s holdings in American Tower were worth $19,809,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AMT. Operose Advisors LLC acquired a new position in American Tower in the 2nd quarter valued at about $25,000. Allied Private Wealth LLC purchased a new stake in American Tower during the 2nd quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in American Tower during the 2nd quarter worth approximately $33,000. Cache Advisors LLC purchased a new position in shares of American Tower in the 1st quarter valued at approximately $38,000. Finally, Bayban acquired a new position in shares of American Tower in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Buying and Selling at American Tower

In other news, Director Rajesh Kalathur purchased 2,829 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were acquired at an average price of $177.00 per share, for a total transaction of $500,733.00. Following the acquisition, the director directly owned 7,765 shares in the company, valued at approximately $1,374,405. The trade was a 57.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert Joseph Meyer sold 5,000 shares of American Tower stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the transaction, the chief financial officer directly owned 21,428 shares of the company’s stock, valued at approximately $3,833,254.92. This represents a 18.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 6,791 shares of company stock valued at $1,204,091. Corporate insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AMT. Mizuho set a $208.00 price target on American Tower in a report on Thursday, August 20th. Truist Financial restated a “buy” rating and set a $207.00 price objective (down from $208.00) on shares of American Tower in a research report on Wednesday, August 12th. Scotiabank restated an “outperform” rating on shares of American Tower in a research note on Wednesday, July 29th. The Goldman Sachs Group set a $210.00 target price on shares of American Tower in a report on Tuesday, July 28th. Finally, Wolfe Research raised shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 target price on the stock in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.48.

Trending Headlines about American Tower

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

• Positive Sentiment: Investors also appeared to rotate back into beaten-down, rate-sensitive REITs as bond-yield pressure eased. American Tower’s recent rebound follows a selloff tied partly to higher interest rates and financing concerns. American Tower gains as investors appear to rotate back into a beaten-down rate-sensitive REIT
• Positive Sentiment: The fundamental backdrop remains supportive ahead of the October 27 third-quarter report. American Tower previously reported higher revenue, adjusted EBITDA and adjusted funds from operations, cited strong tower leasing demand and record CoreSite activity, and raised its 2026 AFFO-per-share outlook to approximately $11.00–$11.17.
• Neutral Sentiment: Analysts expect third-quarter FFO of about $2.78 per diluted share, roughly unchanged from the prior-year period. Investors will likely focus on leasing growth, CoreSite demand, AFFO, the balance sheet and management’s full-year outlook when results are released. What to Expect From American Tower’s Q3 2026 Earnings Report
• Neutral Sentiment: American Tower continues to be viewed as a relatively defensive communications-infrastructure REIT because mobile-data usage supports demand for tower space, although dividend safety and interest-rate sensitivity remain important considerations. Americans Cannot Stop Using Their Phones. These 3 REITs Collect the Rent
• Negative Sentiment: Recent insider activity has been mixed, with five reported sales versus one purchase over six months. This is a secondary signal, but it may temper enthusiasm alongside AMT’s substantial leverage and ongoing sensitivity to interest rates.

American Tower Price Performance

NYSE:AMT traded up $15.51 during trading hours on Friday, hitting $182.24. The company’s stock had a trading volume of 8,511,909 shares, compared to its average volume of 3,077,115. The business’s 50-day moving average is $172.62 and its two-hundred day moving average is $174.97. The company has a market capitalization of $84.92 billion, a PE ratio of 25.07, a PEG ratio of 2.67 and a beta of 0.88. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52. American Tower Corporation has a 52-week low of $160.06 and a 52-week high of $196.08.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 EPS for the quarter, topping the consensus estimate of $1.57 by $1.14. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the firm earned $2.60 EPS. The business’s revenue was up 4.6% on a year-over-year basis. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, research analysts anticipate that American Tower Corporation will post 10.8 EPS for the current fiscal year.

American Tower Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Wednesday, September 30th will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, September 30th. American Tower’s dividend payout ratio is presently 98.49%.

American Tower Company Profile

American Tower Corporation (NYSE: AMT) is a global real estate investment trust that owns, operates and develops communications infrastructure. Its portfolio includes wireless and broadcast towers, rooftop sites, distributed antenna systems and other facilities that support wireless communications, television and radio broadcasting, government communications and other connectivity services.

The company leases space on its communications sites to wireless carriers, broadcasters, government agencies and other customers.