Ruth Dowling Sells 685 Shares of American Tower (NYSE:AMT) Stock

American Tower Corporation (NYSE:AMT) EVP Ruth Dowling sold 685 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $169.54, for a total transaction of $116,134.90. Following the completion of the sale, the executive vice president directly owned 28,817 shares of the company’s stock, valued at $4,885,634.18. The trade was a 2.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

American Tower Stock Down 2.6%

Shares of NYSE:AMT traded down $4.71 during midday trading on Thursday, hitting $174.55. 3,650,905 shares of the company’s stock traded hands, compared to its average volume of 3,241,917. The firm’s fifty day moving average price is $176.26 and its two-hundred day moving average price is $178.38. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.43 and a current ratio of 0.52. American Tower Corporation has a twelve month low of $160.06 and a twelve month high of $217.39. The company has a market cap of $81.32 billion, a PE ratio of 24.01, a P/E/G ratio of 0.72 and a beta of 0.91.

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 (EPS) for the quarter, beating the consensus estimate of $1.60 by $1.24. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the prior year, the firm earned $2.75 EPS. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts anticipate that American Tower Corporation will post 10.66 EPS for the current fiscal year.

American Tower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Friday, June 12th were given a $1.79 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $7.16 annualized dividend and a dividend yield of 4.1%. American Tower’s dividend payout ratio is presently 115.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AMT. Raleigh Capital Management Inc. boosted its stake in shares of American Tower by 489.1% during the 1st quarter. Raleigh Capital Management Inc. now owns 13,703 shares of the real estate investment trust’s stock valued at $2,365,000 after buying an additional 11,377 shares during the last quarter. Canal Capital Management LLC increased its stake in shares of American Tower by 81.9% in the first quarter. Canal Capital Management LLC now owns 34,471 shares of the real estate investment trust’s stock worth $5,949,000 after buying an additional 15,520 shares during the last quarter. Bernzott Capital Advisors increased its stake in shares of American Tower by 29.3% in the first quarter. Bernzott Capital Advisors now owns 42,161 shares of the real estate investment trust’s stock worth $7,276,000 after buying an additional 9,556 shares during the last quarter. Legal & General Group Plc raised its holdings in American Tower by 4.7% in the fourth quarter. Legal & General Group Plc now owns 4,873,695 shares of the real estate investment trust’s stock valued at $855,675,000 after acquiring an additional 220,447 shares in the last quarter. Finally, Rathbones Group PLC boosted its stake in American Tower by 14.9% during the 4th quarter. Rathbones Group PLC now owns 474,216 shares of the real estate investment trust’s stock valued at $83,258,000 after acquiring an additional 61,428 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower News Summary

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

• Positive Sentiment: 2026 outlook raised again: American Tower increased its full-year forecasts, supported by favorable currency movements, stronger global tower leasing and continued demand for data-center capacity. The company is targeting approximately 15% growth in CoreSite data-center revenue. American Tower raises 2026 outlook again
• Positive Sentiment: Strong quarterly performance: Second-quarter revenue reached about $2.75 billion and net income was approximately $867.5 million. Record leasing at CoreSite, driven partly by artificial-intelligence demand, and healthy global tower activity improved the company’s investment outlook. American Tower Q2 2026 earnings highlights
• Positive Sentiment: Analyst targets moved higher: Scotiabank raised its price target to $220 from $218, while BMO lifted its target to $195 from $190. BMO nevertheless maintained a “market perform” rating, indicating limited conviction in near-term outperformance. Scotiabank adjusts American Tower price target
• Neutral Sentiment: Wall Street comparisons favor American Tower over Crown Castle among beaten-down tower REITs, citing AMT’s stronger data-center growth and repeated guidance increases. American Tower or Crown Castle
• Negative Sentiment: Interest-rate and balance-sheet risks remain significant: American Tower carries substantial leverage, and higher borrowing costs could pressure cash flow, valuation and future refinancing. Analysts also flagged DISH-related churn and refinancing expenses as continuing headwinds. American Tower interest-rate sensitivity analysis

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMT. The Goldman Sachs Group set a $210.00 price target on American Tower in a research report on Tuesday. BMO Capital Markets lifted their price objective on shares of American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Wednesday. Wolfe Research raised shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 target price on the stock in a research report on Wednesday, July 8th. Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $260.00 price target on shares of American Tower in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, American Tower presently has an average rating of “Moderate Buy” and an average target price of $215.19.

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.