National Pension Service Raises Stake in American Tower Corporation $AMT

National Pension Service boosted its stake in American Tower Corporation (NYSE:AMT) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,551,870 shares of the real estate investment trust’s stock after purchasing an additional 18,167 shares during the quarter. National Pension Service’s holdings in American Tower were worth $253,839,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in AMT. Brighton Jones LLC lifted 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 worth $727,000 after purchasing an additional 2,104 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of American Tower by 34.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 368 shares in the last quarter. United Bank increased its holdings in shares of American Tower by 12.7% in 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 worth $48,295,000 after purchasing an additional 4,778 shares during the period. 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 worth $7,570,000 after buying an additional 11,751 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Key American Tower News

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

• Positive Sentiment: American Tower successfully priced a $1.6 billion senior unsecured notes offering, consisting of $500 million due 2031, $500 million due 2033 and $600 million due 2036. The financing provides long-term capital and liquidity for general corporate purposes, including potential debt refinancing. American Tower Corporation Prices Senior Notes Offering
• Neutral Sentiment: Management participated in Citi’s 2026 Global TMT Conference and Goldman Sachs’ Communacopia + Technology Conference. The available reports are transcripts, and no specific new guidance or material business update was identified in the supplied information. Citi Conference Transcript Goldman Sachs Conference Transcript
• Negative Sentiment: AMT declined more than the broader market, suggesting pressure from general market conditions and the stock’s interest-rate sensitivity rather than a clearly reported deterioration in tower operations. The company’s sizable debt load makes borrowing costs and bond-market conditions important considerations for investors. American Tower Dips More Than Broader Market
• Negative Sentiment: The new notes carry fixed annual interest rates of 5.300% for the 2031 securities and 5.560% for the 2033 securities, with the 2036 tranche also adding to future interest obligations. While the offering supports liquidity, the incremental financing reinforces concerns about AMT’s leverage and interest expense. American Tower Prices Senior Notes Offering

American Tower Stock Down 1.5%

AMT opened at $172.76 on Friday. The stock has a market cap of $80.50 billion, a PE ratio of 23.76, a P/E/G ratio of 2.82 and a beta of 0.89. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12. American Tower Corporation has a 52 week low of $160.06 and a 52 week high of $199.13. The business’s fifty day simple moving average is $171.66 and its 200 day simple moving average is $177.16.

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

Insiders Place Their Bets

In other American Tower news, EVP Ruth Dowling sold 1,106 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total value of $193,505.76. Following the completion of the sale, the executive vice president owned 27,711 shares of the company’s stock, valued at $4,848,316.56. This represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Joseph Meyer sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $178.89, for a total transaction of $894,450.00. Following the transaction, the chief financial officer owned 21,428 shares in the company, valued at $3,833,254.92. The trade was a 18.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,791 shares of company stock valued at $1,204,091 over the last quarter. 0.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on AMT. Scotiabank restated an “outperform” rating on shares of American Tower in a research report on Wednesday, July 29th. TD Cowen raised their price target on American Tower from $225.00 to $227.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Wolfe Research upgraded American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price target for the company in a research report on Wednesday, July 8th. The Goldman Sachs Group set a $210.00 price objective on American Tower in a report on Tuesday, July 28th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $207.00 target price (down from $208.00) on shares of American Tower in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $215.29.

American Tower Profile

American Tower Corporation (NYSE:AMT) is a global owner, operator and developer of wireless communications infrastructure. The company leases space on communications sites, including towers, rooftops and other structures, to wireless carriers, broadcasters, government agencies and other customers. Its infrastructure supports wireless networks and the transmission of voice, data and video services.

In addition to traditional macro towers, American Tower provides distributed antenna systems and other in-building or venue-based communications solutions designed to improve wireless coverage and capacity.