Wendell David Associates Inc. Reduces Stock Holdings in American Tower Corporation $AMT

Wendell David Associates Inc. lessened its stake in shares of American Tower Corporation (NYSE:AMT) by 46.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,123 shares of the real estate investment trust’s stock after selling 16,510 shares during the quarter. Wendell David Associates Inc.’s holdings in American Tower were worth $3,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Skylands Capital LLC increased its position in American Tower by 52.8% during the 4th quarter. Skylands Capital LLC now owns 63,730 shares of the real estate investment trust’s stock worth $11,189,000 after purchasing an additional 22,010 shares in the last quarter. Vest Financial LLC increased its position in American Tower by 14.9% during the 4th quarter. Vest Financial LLC now owns 62,819 shares of the real estate investment trust’s stock worth $11,029,000 after purchasing an additional 8,123 shares in the last quarter. Oakworth Capital Inc. increased its position in American Tower by 90.7% during the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 68 shares in the last quarter. Wealthfront Advisers LLC increased its position in American Tower by 10.5% during the 4th quarter. Wealthfront Advisers LLC now owns 97,961 shares of the real estate investment trust’s stock worth $17,199,000 after purchasing an additional 9,302 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in American Tower by 103.9% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 540,963 shares of the real estate investment trust’s stock worth $94,984,000 after purchasing an additional 275,600 shares in the last quarter. Hedge funds and other institutional investors 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: Q1 results materially beat expectations — AFFO/FFO of $2.84/sh and revenue of $2.74B topped consensus, and management raised full‑year guidance on stronger leasing and cloud/data‑center demand. This is the primary bullish catalyst supporting the stock. Article Title
• Positive Sentiment: Data‑center momentum and product expansion add growth optionality — CoreSite (an AMT business) launched 100Gbps EVCs and management cited robust demand from cloud and AI workloads, reinforcing higher growth expectations for property revenue. Article Title
• Positive Sentiment: Several sell‑side price targets were raised or ratings reaffirmed after the print — Scotiabank raised its target to $218 (sector outperform) and Citizens JMP reaffirmed with a $260 target, signaling continued analyst conviction in long‑term upside. Article TitleRead More.
• Neutral Sentiment: Mixed analyst moves — JPMorgan trimmed its target to $240 but kept an Overweight rating (still implying meaningful upside from current levels); Sanford Bernstein nudged its target to $207 but kept Market Perform. These moves show differing views on upside vs valuation. Article TitleBernstein Note
• Neutral Sentiment: Barclays and other firms offer mixed views — Barclays recently trimmed its price recommendation and reiterated an Equal Weight, reflecting concerns about near‑term growth variability despite attractive dividend yield (~3.9%). Article Title
• Negative Sentiment: Some bearish commentary and perceived headwinds — a Seeking Alpha piece and portions of the call note margin pressures and regional growth challenges; these concerns likely cap near‑term multiple expansion despite the beat. Article Title

Analyst Ratings Changes

A number of research firms recently commented on AMT. Royal Bank Of Canada dropped their price objective on American Tower from $220.00 to $195.00 and set a “sector perform” rating for the company in a research report on Monday, January 12th. The Goldman Sachs Group dropped their price objective on American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Morgan Stanley dropped their price objective on American Tower from $225.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Scotiabank lifted their price objective on American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, UBS Group dropped their price objective on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $217.90.

American Tower Stock Down 0.1%

Shares of NYSE:AMT opened at $178.22 on Thursday. The firm has a market cap of $83.07 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 0.74 and a beta of 0.92. American Tower Corporation has a 12-month low of $165.08 and a 12-month high of $234.33. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.27. The stock’s 50-day moving average price is $180.08 and its two-hundred day moving average price is $180.03.

American Tower (NYSE:AMT) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $1.25. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.65 billion. American Tower had a net margin of 23.76% and a return on equity of 24.36%. American Tower’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, research analysts forecast that American Tower Corporation will post 10.59 EPS for the current year.

American Tower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 4.0%. This is a positive change from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date of this dividend was Tuesday, April 14th. American Tower’s dividend payout ratio is presently 115.67%.

Insider Buying and Selling

In other American Tower news, Director Rajesh Kalathur purchased 2,671 shares of American Tower stock in a transaction on Tuesday, March 10th. The shares were purchased at an average cost of $185.30 per share, with a total value of $494,936.30. Following the completion of the transaction, the director directly owned 4,936 shares in the company, valued at approximately $914,640.80. This represents a 117.92% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Eugene M. Noel sold 41,209 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $191.05, for a total value of $7,872,979.45. Following the transaction, the chief operating officer directly owned 29,592 shares in the company, valued at $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.08% of the company’s stock.

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.