Edgestream Partners L.P. Acquires 25,821 Shares of American Tower Corporation $AMT

Edgestream Partners L.P. lifted its holdings in shares of American Tower Corporation (NYSE:AMT) by 187.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 39,582 shares of the real estate investment trust’s stock after buying an additional 25,821 shares during the period. Edgestream Partners L.P.’s holdings in American Tower were worth $6,831,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AMT. Richards Merrill & Peterson Inc. acquired a new position in shares of American Tower during the 4th quarter worth approximately $25,000. Oakworth Capital Inc. boosted its holdings in shares of American Tower by 90.7% in the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 68 shares during the last quarter. Swiss RE Ltd. bought a new position in shares of American Tower in the fourth quarter valued at $25,000. Triumph Capital Management acquired a new position in American Tower during the third quarter worth $29,000. Finally, Acumen Wealth Advisors LLC acquired a new position in American Tower during the fourth quarter worth $29,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Key Headlines Impacting American Tower

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

• Positive Sentiment: American Tower reported strong Q2 2026 results, with revenue increasing to approximately $2.75 billion and net income reaching $867.5 million. Record leasing at its CoreSite data-center business and solid global tower activity supported the performance. Record CoreSite Leasing And Strong Q2 Results at American Tower
• Positive Sentiment: The company raised its 2026 financial outlook for the second time and expects data-center revenue to grow roughly 15%, benefiting from demand related to artificial intelligence and cloud infrastructure. American Tower Raises 2026 Outlook Again
• Positive Sentiment: Scotiabank raised its price target to $220 from $218, while BMO Capital Markets increased its target to $195 from $190. The revisions indicate analysts see potential upside, although BMO maintained a “market perform” rating. Scotiabank Raises American Tower Price Target
• Neutral Sentiment: American Tower and Crown Castle are trading near one-year lows, but investor commentary favors American Tower because of its stronger data-center growth and repeated guidance increases. American Tower or Crown Castle
• Neutral Sentiment: Executive Vice President Ruth T. Dowling sold a combined 1,791 shares for approximately $309,641 under a pre-arranged Rule 10b5-1 plan. Because the sales were scheduled and the executive retained a sizable position, the transactions are a limited signal rather than a clear change in management’s outlook. SEC Insider Trading Filing
• Negative Sentiment: Analysts continue to flag American Tower’s sensitivity to interest rates. Higher rates can raise borrowing costs, pressure highly leveraged REITs and make dividend-oriented investments less attractive, likely contributing to the stock’s weakness despite improving operating results. American Tower Interest Rate Risk Analysis

Insider Buying and Selling

In other American Tower news, EVP Ruth T. Dowling sold 1,106 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total transaction of $193,505.76. Following the transaction, the executive vice president owned 27,711 shares in the company, valued at $4,848,316.56. This trade represents a 3.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on AMT shares. Citizens Jmp reissued a “market outperform” rating and issued a $260.00 price objective on shares of American Tower in a research report on Wednesday, April 29th. Royal Bank Of Canada raised shares of American Tower from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $195.00 to $205.00 in a report on Friday, June 26th. Scotiabank reiterated an “outperform” rating on shares of American Tower in a research note on Wednesday. Raymond James Financial reissued a “strong-buy” rating and set a $240.00 price target on shares of American Tower in a research report on Wednesday, April 29th. Finally, BMO Capital Markets upped their price objective on American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $215.19.

American Tower Price Performance

Shares of AMT opened at $174.55 on Friday. The company’s 50-day moving average is $176.07 and its 200-day moving average is $178.43. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.43. The firm has a market capitalization of $81.32 billion, a PE ratio of 24.01, a PEG ratio of 2.87 and a beta of 0.91. American Tower Corporation has a fifty-two week low of $160.06 and a fifty-two week high of $217.39.

American Tower (NYSE:AMT) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $1.24. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the business earned $2.75 EPS. American Tower’s quarterly revenue was up 6.8% on a year-over-year basis. Equities analysts forecast that American Tower Corporation will post 10.66 EPS for the current year.

American Tower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Friday, June 12th were paid a $1.79 dividend. The ex-dividend date was Friday, June 12th. This represents a $7.16 annualized dividend and a yield of 4.1%. American Tower’s payout ratio is 98.49%.

American Tower Company Profile

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.