American Tower Corporation $AMT Stock Holdings Lowered by Greenleaf Trust

Greenleaf Trust reduced its position in American Tower Corporation (NYSE:AMT) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,385 shares of the real estate investment trust’s stock after selling 4,239 shares during the period. Greenleaf Trust’s holdings in American Tower were worth $17,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in AMT. Dynamic Wealth Strategies LLC increased its position in shares of American Tower by 11.1% during the third quarter. Dynamic Wealth Strategies LLC now owns 549 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 55 shares during the period. TOWER TRUST & INVESTMENT Co raised its position in American Tower by 1.2% during the third quarter. TOWER TRUST & INVESTMENT Co now owns 5,002 shares of the real estate investment trust’s stock valued at $819,000 after acquiring an additional 58 shares in the last quarter. Pinnacle Bancorp Inc. raised its position in shares of American Tower by 1.3% in the third quarter. Pinnacle Bancorp Inc. now owns 4,491 shares of the real estate investment trust’s stock worth $736,000 after acquiring an additional 59 shares during the period. William Allan Corp increased its holdings in American Tower by 4.7% in the 3rd quarter. William Allan Corp now owns 1,391 shares of the real estate investment trust’s stock worth $228,000 after acquiring an additional 62 shares in the last quarter. Finally, Community Financial Services Group LLC boosted its stake in shares of American Tower by 1.2% in the second quarter. Community Financial Services Group LLC now owns 5,388 shares of the real estate investment trust’s stock worth $895,000 after acquiring an additional 65 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

American Tower Price Performance

AMT stock opened at $187.83 on Monday. American Tower Corporation has a 1 year low of $160.06 and a 1 year high of $202.50. The company has a debt-to-equity ratio of 3.30, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market cap of $87.52 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 3.39 and a beta of 0.85. The stock has a 50-day simple moving average of $175.85 and a 200-day simple moving average of $177.35.

American Tower (NYSE:AMT) last posted its quarterly 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 business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. American Tower had a return on equity of 32.71% and a net margin of 30.10%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $2.78 earnings per share. On average, equities analysts predict that American Tower Corporation will post 10.80 earnings per share for the current fiscal year.

American Tower announced that its Board of Directors has initiated a stock buyback program on Tuesday, October 27th that authorizes the company to repurchase $2 billion in shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

American Tower Dividend Announcement

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

American Tower News Summary

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

Insiders Place Their Bets

In other news, EVP Ruth T. Dowling sold 952 shares of the business’s stock in a transaction on Thursday, October 29th. The stock was 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 owned 26,133 shares in the company, valued at $4,855,772.73. The trade was a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur purchased 2,829 shares of the stock in a transaction dated Friday, August 21st. The stock was bought at an average cost of $177.00 per share, with a total value of $500,733.00. Following the completion of the purchase, the director owned 7,765 shares in the company, valued at $1,374,405. The trade was a 57.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Truist Financial boosted their price objective on shares of American Tower from $207.00 to $210.00 and gave the company a “buy” rating in a report on Friday. The Goldman Sachs Group reiterated a “buy” rating on shares of American Tower in a research report on Tuesday, October 27th. Wolfe Research upgraded shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price target on the stock in a research note on Wednesday, July 8th. Citigroup decreased their price objective on shares of American Tower from $225.00 to $220.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of American Tower from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $216.44.

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.