Maryland State Retirement & Pension System Has $81.60 Million Stock Position in American Tower Corporation $AMT

Maryland State Retirement & Pension System grew its position in shares of American Tower Corporation (NYSE:AMT) by 1.6% in the 4th quarter, HoldingsChannel reports. The fund owned 464,765 shares of the real estate investment trust’s stock after buying an additional 7,490 shares during the period. American Tower makes up about 1.7% of Maryland State Retirement & Pension System’s holdings, making the stock its 7th biggest holding. Maryland State Retirement & Pension System’s holdings in American Tower were worth $81,599,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Richards Merrill & Peterson Inc. bought a new stake in shares of American Tower during the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. increased its holdings in shares of American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 68 shares in the last quarter. Swiss RE Ltd. bought a new stake in shares of American Tower during the fourth quarter valued at approximately $25,000. Holos Integrated Wealth LLC bought a new stake in shares of American Tower during the fourth quarter valued at approximately $27,000. Finally, Triumph Capital Management bought a new stake in shares of American Tower during the third quarter valued at approximately $29,000. Institutional investors own 92.69% of the company’s stock.

Trending Headlines about American Tower

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

• Positive Sentiment: Bernstein reiterated a bullish view on American Tower, upgrading AMT to Outperform with a $207 price target. The firm pointed to long-term demand from 5G expansion and data center growth, while saying the stock’s sensitivity to interest rates is easing. Article: Bernstein Upgrades American Tower (AMT) on Long-Term 5G and Data Center Demand
• Positive Sentiment: Recent coverage also highlighted American Tower as a beneficiary of expanding digital infrastructure, which can support leasing demand for its tower portfolio over time. Article: American Tower Gains Attention As Digital Infrastructure Expands
• Neutral Sentiment: Several articles framed AMT as a valuation and volatility debate rather than a clear near-term catalyst, with investors weighing its stable infrastructure cash flows against rate risk and competition concerns. Article: AMT vs. PSA: Which Stock Is the Better Value Option?
• Neutral Sentiment: A separate market commentary piece said American Tower has been volatile recently, with short-term moves offsetting a stronger multi-month recovery, which suggests investors are still reassessing the stock’s risk/reward profile. Article: American Tower (AMT) Stock After Recent Volatility Is The Current Price A Potential Opportunity

American Tower Stock Down 0.7%

AMT stock opened at $184.39 on Wednesday. The stock’s fifty day simple moving average is $181.47 and its two-hundred day simple moving average is $179.99. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33. The stock has a market cap of $85.90 billion, a P/E ratio of 29.79, a P/E/G ratio of 0.78 and a beta of 0.90.

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

American Tower Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Friday, June 12th will be given a $1.79 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $7.16 annualized dividend and a yield of 3.9%. American Tower’s payout ratio is currently 115.67%.

Insiders Place Their Bets

In other American Tower news, EVP Ruth T. Dowling sold 556 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total value of $99,234.88. Following the transaction, the executive vice president owned 29,877 shares of the company’s stock, valued at approximately $5,332,446.96. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMT. UBS Group cut their target price on American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $195.00 price target on shares of American Tower in a report on Thursday, April 30th. Jefferies Financial Group upped their price target on American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. TD Cowen decreased their price target on American Tower from $235.00 to $225.00 in a report on Wednesday, February 25th. Finally, Weiss Ratings upgraded American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, American Tower presently has an average rating of “Moderate Buy” and an average target price of $216.20.

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.