Resolution Capital Ltd Decreases Stock Position in American Tower Corporation $AMT

Resolution Capital Ltd cut its position in American Tower Corporation (NYSE:AMT) by 70.2% during the first quarter, HoldingsChannel.com reports. The fund owned 6,791 shares of the real estate investment trust’s stock after selling 15,998 shares during the period. Resolution Capital Ltd’s holdings in American Tower were worth $1,172,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Richards Merrill & Peterson Inc. purchased a new position in American Tower in the 4th quarter valued at $25,000. Oakworth Capital Inc. grew its holdings in shares of American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 68 shares in the last quarter. Swiss RE Ltd. acquired a new stake in shares of American Tower in the fourth quarter valued at about $25,000. Triumph Capital Management purchased a new position in shares of American Tower in the third quarter worth about $29,000. Finally, Acumen Wealth Advisors LLC acquired a new position in American Tower during the fourth quarter worth about $29,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

American Tower Price Performance

American Tower stock opened at $171.70 on Wednesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. The company has a 50-day moving average price of $176.34 and a 200 day moving average price of $178.32. American Tower Corporation has a 12-month low of $160.06 and a 12-month high of $219.00. The stock has a market cap of $79.99 billion, a P/E ratio of 27.74, a PEG ratio of 0.70 and a beta of 0.91.

American Tower (NYSE:AMT) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating the consensus estimate of $1.60 by $1.24. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.75 EPS. Sell-side analysts anticipate that American Tower Corporation will post 10.66 earnings per share for the current year.

American Tower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Friday, June 12th were issued a $1.79 dividend. The ex-dividend date was Friday, June 12th. This represents a $7.16 dividend on an annualized basis and a yield of 4.2%. American Tower’s dividend payout ratio is currently 115.67%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Jefferies Financial Group upped their price objective on shares of American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Wolfe Research upgraded American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 target price on the stock in a report on Wednesday, July 8th. JPMorgan Chase & Co. dropped their price target on American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Mizuho raised 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 report on Wednesday, April 15th. Finally, Sanford C. Bernstein upgraded American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price objective on the stock in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $215.33.

More American Tower News

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

• Positive Sentiment: American Tower reported second-quarter revenue of approximately $2.75 billion, up about 4.7% year over year and ahead of the $2.70 billion consensus estimate. Reported EPS was $1.86, while FFO was $2.71 per share, up from $2.60 a year earlier. Reuters American Tower earnings report
• Positive Sentiment: The REIT raised the midpoints of its 2026 forecasts for property revenue, adjusted EBITDA, AFFO and AFFO per share. Its full-year EPS guidance of $11.00-$11.17 is above the roughly $10.66 analyst consensus, supported by favorable currency movements and better data-center performance. American Tower second-quarter results
• Positive Sentiment: CoreSite achieved record leasing activity, and management cited robust global tower leasing demand. Data-center revenue growth and continued mobile-data usage provide potential long-term growth drivers beyond traditional tower colocation.
• Neutral Sentiment: Adjusted funds from operations attributable to AMT common stockholders rose 3.8% to $1.264 billion, while adjusted EBITDA increased 3.2% to $1.808 billion. The company also maintained substantial liquidity of approximately $9.9 billion and declared a quarterly distribution of $1.79 per share.
• Negative Sentiment: Despite the improved outlook, some reports noted that the full-year revenue forecast was below market expectations. Investors are also monitoring DISH-related tenant churn, refinancing costs and the impact of strategic divestitures, which could limit near-term growth and cash-flow expansion. American Tower Q2 earnings call highlights

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.