American Tower (NYSE:AMT) EVP Ruth Dowling Sells 952 Shares of Stock

American Tower Corporation (NYSE:AMT) EVP Ruth Dowling sold 952 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $185.81, for a total transaction of $176,891.12. Following the transaction, the executive vice president owned 26,133 shares in the company, valued at approximately $4,855,772.73. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

American Tower Stock Up 1.0%

Shares of NYSE:AMT traded up $1.95 during midday trading on Friday, hitting $187.83. 3,111,300 shares of the stock were exchanged, compared to its average volume of 3,113,406. The company has a debt-to-equity ratio of 3.30, a quick ratio of 0.52 and a current ratio of 0.51. American Tower Corporation has a 52-week low of $160.06 and a 52-week high of $202.50. The business’s fifty day simple moving average is $175.61 and its two-hundred day simple moving average is $177.27. The company has a market capitalization of $87.52 billion, a PE ratio of 26.49, a P/E/G ratio of 2.95 and a beta of 0.88.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $1.64 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.64. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. American Tower had a return on equity of 32.71% and a net margin of 30.10%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.78 earnings per share. As a group, research analysts predict that American Tower Corporation will post 10.80 earnings per share for the current fiscal year.

American Tower announced that its board has initiated a share buyback plan on Tuesday, October 27th that permits the company to repurchase $2 billion in shares. This buyback authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its stock is undervalued.

American Tower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Wednesday, September 30th were given a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $7.16 dividend on an annualized basis and a yield of 3.8%. American Tower’s dividend payout ratio is presently 98.49%.

More American Tower News

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

• Positive Sentiment: Truist raises target and reiterates Buy: Truist Financial increased its price target for AMT from $207 to $210 and assigned a “Buy” rating. The new target implies approximately 12% upside from the reference price, providing a positive near-term catalyst.
• Positive Sentiment: Share repurchase plan approved: American Tower’s board approved a stock repurchase plan, potentially supporting the share price and signaling management’s confidence in the company’s valuation and cash-generation ability. Stock Repurchase Plan Approved by American Tower Board
• Positive Sentiment: CoreSite outlook remains favorable: Coverage highlighted CoreSite’s repeated guidance increases, suggesting continued strength in American Tower’s data-center and digital-infrastructure operations. Why Is CoreSite Lifting American Tower Guidance Again?
• Neutral Sentiment: Recent earnings were broadly in line: Third-quarter EPS matched consensus, while revenue exceeded estimates and increased year over year. The results provide fundamental support, although earnings growth remains a key consideration for investors. American Tower Q3 2026 Earnings
• Neutral Sentiment: Analyst views are mixed: Recent coverage describes differing opinions on AMT and other real-estate stocks, while performance comparisons examine whether American Tower is outperforming its finance-sector peers. Analysts Offer Insights on Real Estate Companies
• Negative Sentiment: JPMorgan and Citigroup lowered expectations: Both firms recently reduced their price targets for AMT, tempering the bullish impact of Truist’s upgrade. Citigroup nevertheless retained a “Buy” rating while cutting its target from $225 to $220. Citigroup Cuts American Tower Price Target JPMorgan Lowers Expectations for American Tower

Analyst Upgrades and Downgrades

AMT has been the topic of a number of research analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of American Tower in a report on Wednesday, July 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $205.00 price objective on shares of American Tower in a research report on Wednesday. Weiss Ratings raised American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. JPMorgan Chase & Co. lowered their price objective on shares of American Tower from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Citigroup dropped their target price on shares of American Tower from $225.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $216.44.

Institutional Investors Weigh In On American Tower

Several hedge funds have recently made changes to their positions in the stock. Dynamic Wealth Strategies LLC grew its holdings in shares of American Tower by 11.1% during the 3rd quarter. Dynamic Wealth Strategies LLC now owns 549 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 55 shares in the last quarter. TOWER TRUST & INVESTMENT Co increased its position in shares of American Tower by 1.2% during the third quarter. TOWER TRUST & INVESTMENT Co now owns 5,002 shares of the real estate investment trust’s stock valued at $819,000 after purchasing an additional 58 shares during the period. Pinnacle Bancorp Inc. increased its position in shares of American Tower by 1.3% during the third quarter. Pinnacle Bancorp Inc. now owns 4,491 shares of the real estate investment trust’s stock valued at $736,000 after purchasing an additional 59 shares during the period. William Allan Corp raised its stake in shares of American Tower by 4.7% in the third quarter. William Allan Corp now owns 1,391 shares of the real estate investment trust’s stock valued at $228,000 after purchasing an additional 62 shares in the last quarter. Finally, Community Financial Services Group LLC raised its stake in shares of American Tower by 1.2% in the second quarter. Community Financial Services Group LLC now owns 5,388 shares of the real estate investment trust’s stock valued at $895,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

About American Tower

American Tower Corporation (NYSE:AMT) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications.

The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations.