American Tower Corporation $AMT Shares Newly Acquired by United Asset Strategies Inc.

United Asset Strategies Inc. purchased a new stake in shares of American Tower Corporation (NYSE:AMT) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,780 shares of the real estate investment trust’s stock, valued at approximately $455,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Operose Advisors LLC purchased a new stake in shares of American Tower during the 2nd quarter worth approximately $25,000. Allied Private Wealth LLC bought a new position in shares of American Tower during the 2nd quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of American Tower during the 2nd quarter valued at approximately $33,000. SBI Securities Co. Ltd. purchased a new position in shares of American Tower in the third quarter valued at $35,000. Finally, Kelleher Financial Advisors purchased a new position in shares of American Tower in the second quarter valued at $37,000. 92.69% of the stock is owned by institutional investors.

American Tower Price Performance

NYSE:AMT opened at $187.83 on Friday. The firm has a market capitalization of $87.52 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 3.36 and a beta of 0.88. American Tower Corporation has a 1 year low of $160.06 and a 1 year high of $202.50. The business has a 50 day simple moving average of $175.85 and a 200-day simple moving average of $177.35. The company has a debt-to-equity ratio of 3.30, a current ratio of 0.51 and a quick ratio of 0.52.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, October 27th. The real estate investment trust reported $1.64 EPS for the quarter, hitting analysts’ consensus estimates of $1.64. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. American Tower had a return on equity of 32.71% and a net margin of 30.10%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.78 EPS. Equities analysts forecast that American Tower Corporation will post 10.80 EPS for the current year.

American Tower declared that its Board of Directors has approved a stock repurchase plan on Tuesday, October 27th that permits the company to buy back $2 billion in shares. This buyback authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

American Tower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Wednesday, September 30th were given a $1.79 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $7.16 dividend on an annualized basis and a yield of 3.8%. American Tower’s dividend payout ratio (DPR) is currently 100.99%.

Insiders Place Their Bets

In other news, Director Rajesh Kalathur acquired 2,829 shares of the business’s stock in a transaction on Friday, August 21st. The shares were acquired at an average price of $177.00 per share, for a total transaction of $500,733.00. Following the completion of the transaction, the director directly owned 7,765 shares of the company’s stock, valued at approximately $1,374,405. The trade was a 57.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ruth T. Dowling sold 952 shares of the stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $185.81, for a total transaction of $176,891.12. Following the completion of the sale, the executive vice president directly owned 26,133 shares in the company, valued at approximately $4,855,772.73. This represents a 3.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AMT shares. Sanford C. Bernstein reduced their price target on shares of American Tower from $214.00 to $212.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of American Tower in a research report on Tuesday. Barclays lifted their price objective on shares of American Tower from $198.00 to $199.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 30th. Wolfe Research raised shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price objective for the company in a research note on Wednesday, July 8th. Finally, Mizuho set a $208.00 target price on shares of American Tower in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.44.

Key Stories Impacting American Tower

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

• Positive Sentiment: Truist raises target and reiterates Buy: Truist Financial increased its price target for AMT from $207 to $210 and assigned a “Buy” rating. The new target implies approximately 12% upside from the reference price, providing a positive near-term catalyst.
• Positive Sentiment: Share repurchase plan approved: American Tower’s board approved a stock repurchase plan, potentially supporting the share price and signaling management’s confidence in the company’s valuation and cash-generation ability. Stock Repurchase Plan Approved by American Tower Board
• Positive Sentiment: CoreSite outlook remains favorable: Coverage highlighted CoreSite’s repeated guidance increases, suggesting continued strength in American Tower’s data-center and digital-infrastructure operations. Why Is CoreSite Lifting American Tower Guidance Again?
• Neutral Sentiment: Recent earnings were broadly in line: Third-quarter EPS matched consensus, while revenue exceeded estimates and increased year over year. The results provide fundamental support, although earnings growth remains a key consideration for investors. American Tower Q3 2026 Earnings
• Neutral Sentiment: Analyst views are mixed: Recent coverage describes differing opinions on AMT and other real-estate stocks, while performance comparisons examine whether American Tower is outperforming its finance-sector peers. Analysts Offer Insights on Real Estate Companies
• Negative Sentiment: JPMorgan and Citigroup lowered expectations: Both firms recently reduced their price targets for AMT, tempering the bullish impact of Truist’s upgrade. Citigroup nevertheless retained a “Buy” rating while cutting its target from $225 to $220. Citigroup Cuts American Tower Price Target JPMorgan Lowers Expectations for American Tower

American Tower Profile

American Tower Corporation (NYSE:AMT) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications.

The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations.