Kentucky Retirement Systems Boosts Stock Position in American Tower Corporation $AMT

Kentucky Retirement Systems boosted its position in American Tower Corporation (NYSE:AMT) by 10.9% in the first quarter, HoldingsChannel.com reports. The firm owned 32,582 shares of the real estate investment trust’s stock after acquiring an additional 3,214 shares during the period. Kentucky Retirement Systems’ holdings in American Tower were worth $5,623,000 as of its most recent SEC filing.

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

Insider Buying and Selling at American Tower

In other news, EVP Ruth T. Dowling sold 1,106 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total value of $193,505.76. Following the completion of the transaction, the executive vice president directly owned 27,711 shares in the company, valued at $4,848,316.56. This trade represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.08% of the company’s stock.

More American Tower News

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

American Tower Trading Down 2.6%

NYSE:AMT opened at $174.55 on Friday. The company has a market capitalization of $81.32 billion, a P/E ratio of 24.01, a PEG ratio of 2.87 and a beta of 0.91. The company has a current ratio of 0.52, a quick ratio of 0.43 and a debt-to-equity ratio of 3.12. American Tower Corporation has a 12 month low of $160.06 and a 12 month high of $217.39. The firm has a fifty day simple moving average of $176.07 and a 200-day simple moving average of $178.43.

American Tower (NYSE:AMT) last released its 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. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The firm’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.75 EPS. On average, equities research analysts anticipate that American Tower Corporation will post 10.66 earnings per share for the current year.

American Tower Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AMT shares. Weiss Ratings raised American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $214.00 target price on shares of American Tower in a research report on Wednesday. Mizuho upgraded American Tower from a “neutral” rating to an “outperform” rating and increased their price target for the company from $189.00 to $205.00 in a research note on Wednesday, April 15th. Scotiabank reissued an “outperform” rating on shares of American Tower in a report on Wednesday. Finally, The Goldman Sachs Group set a $210.00 price target on American Tower in a research note on Tuesday. One investment 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $215.19.

American Tower 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.