American Tower Corporation $AMT Shares Purchased by Wilkins Investment Counsel Inc.

Wilkins Investment Counsel Inc. lifted its position in American Tower Corporation (NYSE:AMT) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,480 shares of the real estate investment trust’s stock after acquiring an additional 4,225 shares during the period. Wilkins Investment Counsel Inc.’s holdings in American Tower were worth $7,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of American Tower by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 63,640,168 shares of the real estate investment trust’s stock valued at $12,239,277,000 after acquiring an additional 611,801 shares during the period. Invesco Ltd. increased its position in shares of American Tower by 3.1% in the 3rd quarter. Invesco Ltd. now owns 6,888,633 shares of the real estate investment trust’s stock valued at $1,324,822,000 after acquiring an additional 208,109 shares during the period. Capital Research Global Investors grew its position in American Tower by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 4,924,771 shares of the real estate investment trust’s stock worth $947,132,000 after purchasing an additional 15,145 shares during the period. Legal & General Group Plc grew its position in American Tower by 3.5% during the 3rd quarter. Legal & General Group Plc now owns 4,653,248 shares of the real estate investment trust’s stock worth $894,913,000 after purchasing an additional 159,223 shares during the period. Finally, Lazard Asset Management LLC grew its position in American Tower by 1,984.8% during the 3rd quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock worth $858,552,000 after purchasing an additional 4,250,242 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on AMT. The Goldman Sachs Group cut their price target on American Tower from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. New Street Research raised American Tower from a “neutral” rating to a “buy” rating and set a $203.00 price target on the stock in a research report on Monday, January 5th. Barclays cut their price target on American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Sanford C. Bernstein increased their price target on American Tower from $205.00 to $207.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 28th. Finally, UBS Group cut their price target on American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $218.05.

Insider Transactions at American Tower

In other news, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the sale, the chief operating officer directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Rajesh Kalathur bought 2,671 shares of the stock in a transaction dated Tuesday, March 10th. The shares were purchased at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the purchase, the director owned 4,936 shares in the company, valued at approximately $914,640.80. This represents a 117.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 42,181 shares of company stock valued at $8,046,071 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

American Tower News Roundup

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

• Positive Sentiment: Q1 beat and upgraded outlook — AMT reported AFFO and revenue above estimates and raised FY‑2026 guidance, giving the stock fundamental support from recurring cash flow strength. Read More.
• Positive Sentiment: CoreSite/AI tailwinds — CoreSite launched 100Gbps connectivity across its Open Cloud Exchange to target AI/ML and high‑bandwidth workloads, supporting data‑center growth that can diversify AMT’s revenue mix. Read More.
• Positive Sentiment: Dividend lift — the company raised the quarterly dividend (to $1.79) paid late April, reinforcing the REIT income profile that appeals to yield‑oriented holders. Read More.
• Positive Sentiment: Analyst support — several firms raised price targets or reiterated buy/overweight stances (e.g., Truist raised its target), which underpins medium‑term upside expectations. Read More.
• Neutral Sentiment: JPMorgan recalibration — JPM trimmed its target from $245 to $240 but kept an overweight rating; this is a modest adjustment rather than a downgrade and leaves meaningful upside. Read More.
• Neutral Sentiment: RBC reaffirmed sector‑perform ($195) — mixed analyst views persist across brokers, creating intra‑day volatility as investors weigh growth vs. valuation. Read More.
• Neutral Sentiment: Insider selling under 10b5‑1 — EVP Ruth T. Dowling sold small lots (pre‑arranged plan); routine plan sales can seed supply but do not necessarily signal deteriorating fundamentals. Read More.
• Negative Sentiment: Critical commentary on valuation/catalysts — some analysts and commentators argue AMT lacks near‑term re‑rating catalysts and flag margin/valuation risks, which can prompt short‑term profit‑taking. Read More.

American Tower Trading Down 0.5%

AMT stock opened at $181.72 on Friday. The company’s 50-day simple moving average is $180.04 and its 200-day simple moving average is $180.03. The company has a quick ratio of 0.60, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. American Tower Corporation has a 52-week low of $165.08 and a 52-week high of $234.33. The firm has a market cap of $84.69 billion, a P/E ratio of 29.36, a PEG ratio of 0.76 and a beta of 0.90.

American Tower (NYSE:AMT) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $2.66 billion. During the same period in the prior year, the company posted $2.75 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. As a group, equities analysts forecast that American Tower Corporation will post 10.67 EPS for the current fiscal year.

American Tower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, April 14th. This is an increase from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio is currently 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.