Russell Investments Group Ltd. Purchases 82,859 Shares of American Tower Corporation $AMT

Russell Investments Group Ltd. increased its position in shares of American Tower Corporation (NYSE:AMT) by 10.1% in the third quarter, HoldingsChannel reports. The firm owned 900,077 shares of the real estate investment trust’s stock after purchasing an additional 82,859 shares during the period. Russell Investments Group Ltd.’s holdings in American Tower were worth $173,473,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AMT. Brighton Jones LLC increased its holdings in American Tower by 113.0% during the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock valued at $727,000 after purchasing an additional 2,104 shares in the last quarter. Sivia Capital Partners LLC lifted its position in 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 worth $319,000 after buying an additional 368 shares in the last quarter. United Bank lifted its position in American Tower by 12.7% during the 2nd quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock worth $1,434,000 after buying an additional 733 shares in the last quarter. Modera Wealth Management LLC grew its holdings in American Tower by 6.2% during the 2nd quarter. Modera Wealth Management LLC now owns 2,062 shares of the real estate investment trust’s stock worth $456,000 after acquiring an additional 121 shares during the last quarter. Finally, Savant Capital LLC increased its position in American Tower by 25.7% in the 2nd quarter. Savant Capital LLC now owns 7,540 shares of the real estate investment trust’s stock valued at $1,667,000 after acquiring an additional 1,541 shares in the last quarter. 92.69% of the stock is owned by institutional investors.

American Tower Stock Up 0.7%

Shares of NYSE:AMT opened at $188.87 on Monday. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market cap of $88.03 billion, a price-to-earnings ratio of 35.04, a P/E/G ratio of 0.79 and a beta of 0.92. The company has a 50 day moving average of $180.60 and a 200-day moving average of $184.83. American Tower Corporation has a one year low of $166.88 and a one year high of $234.33.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share for the quarter, missing the consensus estimate of $2.54 by ($0.79). American Tower had a net margin of 23.76% and a return on equity of 24.36%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the company earned $2.62 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, sell-side analysts forecast that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be paid a $1.79 dividend. This is an increase from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.8%. American Tower’s dividend payout ratio (DPR) is currently 132.84%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. New Street Research raised shares of American Tower from a “neutral” rating to a “buy” rating and set a $203.00 target price for the company in a research note on Monday, January 5th. BMO Capital Markets raised their price target on shares of American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. dropped their price objective on shares of American Tower from $250.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Barclays reiterated an “equal weight” rating and issued a $200.00 price objective (down from $203.00) on shares of American Tower in a research report on Monday, December 1st. Finally, UBS Group lowered their target price on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $217.35.

Key Stories Impacting American Tower

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

• Positive Sentiment: Board raised the quarterly cash distribution to $1.79/share (5.3% increase versus prior quarter), payable April 28; the raise supports the stock’s income appeal and pushes the yield to roughly 3.8%. Read More.
• Neutral Sentiment: Sanford C. Bernstein initiated coverage with a Market Perform rating and $205 price target (~8.5% above current levels) — a modest positive signal but not a bullish endorsement. Read More.
• Neutral Sentiment: RBC Capital issued a Hold (sector perform) on AMT, signaling limited near‑term upside from their perspective and contributing to mixed analyst sentiment. Read More.
• Neutral Sentiment: Recent press pieces (e.g., “Balances 2025 Strength With 2026 Reset”) and assorted analyst target trims reflect a view that 2025 performance was solid but 2026 requires a reset — this keeps the story mixed for growth vs. valuation. Read More.
• Negative Sentiment: COO Eugene M. Noel sold 41,209 shares (≈$7.9M at the sale price), cutting his stake by ~58% — a sizable insider sale that can be perceived negatively by investors even if for personal/liquidity reasons. Read More.

Insider Buying and Selling at American Tower

In related news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of American Tower stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the completion of the sale, the insider directly owned 211,379 shares of the company’s stock, valued at $14,743,685.25. The trade was a 91.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Eugene M. Noel sold 41,209 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $191.05, for a total value of $7,872,979.45. Following the completion of the sale, the chief operating officer owned 29,592 shares of the company’s stock, valued at $5,653,551.60. This represents a 58.20% decrease in their position. The SEC filing for this sale provides additional information. 0.17% of the stock is owned by company insiders.

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.