American Tower Corporation $AMT Shares Sold by Wendell David Associates Inc.

Wendell David Associates Inc. trimmed its holdings in shares of American Tower Corporation (NYSE:AMT) by 31.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,144 shares of the real estate investment trust’s stock after selling 5,979 shares during the period. Wendell David Associates Inc.’s holdings in American Tower were worth $2,268,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. CIBC Bancorp USA Inc. purchased a new position in shares of American Tower in the third quarter worth approximately $35,633,000. Nordea Investment Management AB lifted its position in shares of American Tower by 10.4% in the 4th quarter. Nordea Investment Management AB now owns 1,743,321 shares of the real estate investment trust’s stock valued at $306,284,000 after acquiring an additional 164,645 shares in the last quarter. Legal & General Group Plc boosted its stake in American Tower by 4.7% in the 4th quarter. Legal & General Group Plc now owns 4,873,695 shares of the real estate investment trust’s stock worth $855,675,000 after purchasing an additional 220,447 shares during the period. Rathbones Group PLC boosted its stake in American Tower by 14.9% in the 4th quarter. Rathbones Group PLC now owns 474,216 shares of the real estate investment trust’s stock worth $83,258,000 after purchasing an additional 61,428 shares during the period. Finally, Merit Financial Group LLC grew its position in American Tower by 60.6% during the 4th quarter. Merit Financial Group LLC now owns 23,212 shares of the real estate investment trust’s stock worth $4,075,000 after purchasing an additional 8,758 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

More American Tower News

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

• Positive Sentiment: American Tower was added to multiple FTSE Russell value and defensive indices, which can increase passive fund buying and support the stock. Analysts at RBC Capital Markets and Goldman Sachs also struck a constructive tone on its tower, data center, and AI-infrastructure growth prospects. Index Additions And AI Infrastructure Optimism Might Change The Case For Investing In American Tower (AMT)
• Positive Sentiment: The company released its 2025 sustainability executive report, reinforcing its image as a long-term, resilient digital infrastructure owner with disciplined ESG practices. That kind of disclosure is usually supportive for large institutional investors, even if it is not a direct earnings catalyst. American Tower Corporation Releases 2025 Sustainability Executive Report
• Positive Sentiment: Several recent commentary pieces argue that American Tower’s quality, data-demand exposure, and valuation could make the stock attractive, suggesting investor confidence in the REIT’s long-term earnings and infrastructure demand story. American Tower’s Quality Will Shine Through
• Neutral Sentiment: American Tower announced it will report second-quarter 2026 results on July 28 and hold a conference call that morning. This is an expected calendar event, but it keeps the stock in focus ahead of earnings. American Tower Plans Second Quarter 2026 Earnings Release and Conference Call
• Neutral Sentiment: Recent market articles note that AMT has been moving higher on strong trading volume, but also warn that FFO estimate revisions may not fully support continued gains in the near term. American Tower (AMT) Moves 4.1% Higher: Will This Strength Last?
• Negative Sentiment: Some commentary suggests the recent rally may be getting ahead of fundamentals if analyst revisions do not improve, which could temper investor enthusiasm after the stock’s run-up. American Tower (AMT) Moves 4.1% Higher: Will This Strength Last?

Insider Buying and Selling

In other American Tower news, EVP Ruth T. Dowling sold 556 shares of the company’s stock in a transaction dated 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 directly owned 29,877 shares of the company’s stock, valued at $5,332,446.96. This represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on AMT. Scotiabank boosted their target price on shares of American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group started coverage on American Tower in a report on Friday. They set a “buy” rating and a $215.00 price target on the stock. Royal Bank Of Canada raised American Tower from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $195.00 to $205.00 in a research report on Friday, June 26th. Raymond James Financial reissued a “strong-buy” rating and issued a $240.00 price objective on shares of American Tower in a research note on Wednesday, April 29th. Finally, Truist Financial raised their price objective on American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.95.

American Tower Stock Down 3.1%

AMT stock opened at $163.39 on Wednesday. The company has a 50 day moving average of $180.62 and a two-hundred day moving average of $179.61. The company has a market cap of $76.12 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 0.70 and a beta of 0.90. American Tower Corporation has a 12-month low of $162.40 and a 12-month high of $234.33. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07.

American Tower (NYSE:AMT) last posted its quarterly 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. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the company posted $2.75 EPS. American Tower’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. On average, equities analysts anticipate that American Tower Corporation will post 10.66 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Friday, June 12th will be paid a $1.79 dividend. The ex-dividend date is Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a yield of 4.4%. American Tower’s payout ratio is 115.67%.

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.