Stock Yards Bank & Trust Co. Decreases Stake in American Tower Corporation $AMT

Stock Yards Bank & Trust Co. cut its stake in American Tower Corporation (NYSE:AMT) by 5.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,541 shares of the real estate investment trust’s stock after selling 4,695 shares during the period. Stock Yards Bank & Trust Co.’s holdings in American Tower were worth $15,280,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. J. Stern & Co. LLP raised its holdings in shares of American Tower by 28,121.1% in the fourth quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust’s stock worth $6,616,703,000 after buying an additional 37,553,436 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of American Tower by 20,721.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock valued at $1,705,254,000 after buying an additional 9,666,025 shares during the last quarter. Norges Bank purchased a new stake in shares of American Tower during the fourth quarter valued at $1,171,180,000. Lazard Asset Management LLC increased its position in shares of American Tower by 1,984.8% in the 3rd quarter. Lazard Asset Management LLC now owns 4,464,382 shares of the real estate investment trust’s stock valued at $858,552,000 after acquiring an additional 4,250,242 shares during the period. Finally, Capital International Investors raised its stake in American Tower by 157.0% in the 4th quarter. Capital International Investors now owns 3,871,368 shares of the real estate investment trust’s stock worth $679,696,000 after acquiring an additional 2,364,898 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

AMT has been the subject of a number of research reports. Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $189.00 to $205.00 in a research report on Wednesday, April 15th. Sanford C. Bernstein raised American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price objective on the stock in a report on Tuesday, May 19th. The Goldman Sachs Group began coverage on American Tower in a research note on Friday, June 26th. They issued a “buy” rating and a $215.00 price objective for the company. Raymond James Financial reaffirmed a “strong-buy” rating and set a $240.00 target price on shares of American Tower in a report on Wednesday, April 29th. Finally, Scotiabank upped their target price on American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.95.

Insider Buying and Selling

In related news, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total transaction of $73,856.64. Following the completion of the transaction, the executive vice president directly owned 29,461 shares in the company, valued at approximately $5,230,505.94. This trade represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by company insiders.

Key American Tower News

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

• Positive Sentiment: RBC Capital upgraded American Tower (AMT) to Outperform, which suggests improved confidence in the REIT’s outlook and can help support the shares. American Tower (AMT) Upgraded to Outperform at RBC Capital
• Positive Sentiment: Investors are focusing more on American Tower’s role in towers, data centers, and AI-related infrastructure, with commentary highlighting added index inclusion and growth opportunities that could broaden demand for the stock. Index Additions And AI Infrastructure Optimism Might Change The Case For Investing In American Tower (AMT)
• Positive Sentiment: American Tower (AMT) finished the latest session higher while the broader market fell, showing relative strength and suggesting renewed buying interest. American Tower (AMT) Ascends While Market Falls: Some Facts to Note
• Neutral Sentiment: American Tower announced it will report second-quarter 2026 results on July 28, which keeps investors focused on upcoming earnings but is not itself a material operating update. American Tower Plans Second Quarter 2026 Earnings Release and Conference Call
• Neutral Sentiment: The company also released its 2025 sustainability executive report, highlighting ESG progress and operational resilience, which may support the long-term investment case but is unlikely to move the stock on its own. American Tower Corporation Releases 2025 Sustainability Executive Report
• Negative Sentiment: Despite the recent bounce, American Tower (AMT) remains well below its recent highs, and articles continue to point to rate fears and a significant multi-month decline as key overhangs on the stock. American Tower (AMT) Stock After 24% Slide Is The Market Overreacting To Rate Fears

American Tower Trading Up 1.5%

NYSE AMT opened at $166.10 on Thursday. American Tower Corporation has a 1 year low of $162.27 and a 1 year high of $234.33. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $77.39 billion, a PE ratio of 26.83, a P/E/G ratio of 0.68 and a beta of 0.91. The company has a fifty day moving average of $180.32 and a 200 day moving average of $179.50.

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 for the quarter, topping the consensus estimate of $1.60 by $1.24. The company 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 27.79% and a net margin of 26.81%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $2.75 EPS. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Research analysts forecast that American Tower Corporation will post 10.66 earnings per share for the current year.

American Tower Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 12th will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, June 12th. American Tower’s dividend payout ratio (DPR) is 115.67%.

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.