Rep. Dwight Evans Sells Off Shares of American Tower Corporation (NYSE:AMT)

Representative Dwight Evans (Democratic-Pennsylvania) recently sold shares of American Tower Corporation (NYSE:AMT). In a filing disclosed on May 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in American Tower stock on May 11th. The trade occurred in the Representative’s “CETERA” account.

Representative Dwight Evans also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Thermo Fisher Scientific (NYSE:TMO) on 5/7/2026.
• Sold $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 5/7/2026.
• Sold $1,001 – $15,000 in shares of Quanta Services (NYSE:PWR) on 5/7/2026.
• Sold $15,001 – $50,000 in shares of Micron Technology (NASDAQ:MU) on 3/24/2026.

American Tower Trading Up 3.1%

NYSE AMT traded up $5.58 during trading on Tuesday, hitting $182.86. The stock had a trading volume of 4,653,336 shares, compared to its average volume of 3,191,246. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a 50 day simple moving average of $177.60 and a 200 day simple moving average of $179.00. American Tower Corporation has a one year low of $165.08 and a one year high of $234.33. The stock has a market capitalization of $85.19 billion, a price-to-earnings ratio of 29.54, a P/E/G ratio of 0.71 and a beta of 0.90.

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, topping the consensus estimate of $1.60 by $1.24. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Sell-side analysts predict that American Tower Corporation will post 10.67 earnings per share for the current year.

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a yield of 3.9%. American Tower’s payout ratio is presently 115.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Riverwater Partners LLC raised its position in American Tower by 3.8% during the fourth quarter. Riverwater Partners LLC now owns 1,536 shares of the real estate investment trust’s stock worth $270,000 after acquiring an additional 56 shares during the period. Triumph Capital Management grew its position in shares of American Tower by 37.3% in the fourth quarter. Triumph Capital Management now owns 206 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 56 shares during the period. Personal CFO Solutions LLC increased its stake in shares of American Tower by 3.5% during the fourth quarter. Personal CFO Solutions LLC now owns 1,667 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 57 shares in the last quarter. Pines Wealth Management LLC raised its position in shares of American Tower by 4.1% during the 3rd quarter. Pines Wealth Management LLC now owns 1,488 shares of the real estate investment trust’s stock worth $286,000 after purchasing an additional 58 shares during the last quarter. Finally, Twin City Private Wealth LLC lifted its stake in American Tower by 0.7% in the 4th quarter. Twin City Private Wealth LLC now owns 7,799 shares of the real estate investment trust’s stock valued at $1,382,000 after buying an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Insider Buying and Selling

In other news, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total value of $73,856.64. Following the sale, the executive vice president directly owned 29,461 shares of the company’s stock, valued at $5,230,505.94. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur purchased 2,671 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average price 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 of the company’s stock, valued at $914,640.80. This represents a 117.92% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 42,181 shares of company stock worth $8,046,071. Insiders own 0.08% of the company’s stock.

American Tower News Roundup

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

• Positive Sentiment: Bernstein’s upgrade adds a fresh buy-side catalyst and suggests Wall Street sees more room for upside in American Tower’s valuation. Bernstein turns bullish on American Tower, sees 17% upside
• Positive Sentiment: The company’s recent quarterly update and raised 2026 outlook also continue to support sentiment, with higher guidance for property revenue, Adjusted EBITDA, and AFFO per share reinforcing cash-flow visibility. American Tower rises 3.4% as Bernstein upgrade revives optimism after raised 2026 outlook
• Neutral Sentiment: AMT also presented at a J.P. Morgan technology conference, which may keep investor attention on the company’s long-term tower and digital infrastructure growth story. American Tower Corporation (AMT) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMT. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $195.00 price objective on shares of American Tower in a research report on Thursday, April 30th. Citizens Jmp reissued a “market outperform” rating and set a $260.00 target price on shares of American Tower in a research report on Wednesday, April 29th. Truist Financial lifted their price objective on shares of American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Barclays decreased their price objective on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Finally, JPMorgan Chase & Co. decreased their price target on American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $216.20.

About Representative Evans

Dwight Evans (Democratic Party) is a member of the U.S. House, representing Pennsylvania’s 3rd Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027.

Evans (Democratic Party) is running for re-election to the U.S. House to represent Pennsylvania’s 3rd Congressional District. He declared candidacy for the 2026 election.

Evans earned his A.A. from the Community College of Philadelphia in 1973 and his bachelor’s degree from La Salle College in 1975. He then attended Graduate Work at Temple University from 1975 to 1976. His professional experience includes working as an employment counselor/job developer for the Urban League of Philadelphia and as a teacher in the Philadelphia Public School System.

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.