Fulton Bank N.A. Buys 11,695 Shares of American Tower Corporation $AMT

Fulton Bank N.A. grew its stake in American Tower Corporation (NYSE:AMT) by 510.0% during the first quarter, HoldingsChannel reports. The firm owned 13,988 shares of the real estate investment trust’s stock after buying an additional 11,695 shares during the quarter. Fulton Bank N.A.’s holdings in American Tower were worth $2,414,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Richards Merrill & Peterson Inc. acquired a new stake in American Tower in 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 worth $25,000 after buying an additional 68 shares in the last quarter. Swiss RE Ltd. bought a new position in shares of American Tower in the 4th quarter valued at $25,000. Holos Integrated Wealth LLC bought a new stake in American Tower during the 4th quarter worth $27,000. Finally, Triumph Capital Management acquired a new position in American Tower in the 3rd quarter worth about $29,000. 92.69% of the stock is owned by institutional investors.

American Tower Stock Up 1.5%

Shares of NYSE AMT opened at $166.10 on Thursday. The company’s 50 day moving average price is $180.32 and its 200-day moving average price is $179.50. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. American Tower Corporation has a 52-week low of $162.27 and a 52-week high of $234.33. The company has a market capitalization of $77.39 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 0.68 and a beta of 0.91.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, beating the consensus estimate of $1.60 by $1.24. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Equities analysts forecast that American Tower Corporation will post 10.66 earnings per share for the current year.

American Tower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Investors 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 4.3%. American Tower’s dividend payout ratio (DPR) is presently 115.67%.

Trending Headlines about 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

Analyst Ratings Changes

A number of analysts have recently commented on AMT shares. Scotiabank lifted their price target on American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada raised American Tower from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $195.00 to $205.00 in a research note on Friday, June 26th. Barclays dropped their price objective on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Truist Financial boosted their target price on shares of American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Mizuho upgraded shares of American Tower from a “neutral” rating to an “outperform” rating and upped their price target for the company from $189.00 to $205.00 in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $216.95.

Insider Buying and Selling

In other American Tower news, EVP Ruth T. Dowling sold 416 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total transaction of $73,856.64. Following the completion of the sale, the executive vice president owned 29,461 shares in the company, valued at approximately $5,230,505.94. The trade was a 1.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company’s stock.

About American Tower

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.