The Manufacturers Life Insurance Company Decreases Stake in American Tower Corporation $AMT

The Manufacturers Life Insurance Company lessened its holdings in shares of American Tower Corporation (NYSE:AMT) by 19.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,872,067 shares of the real estate investment trust’s stock after selling 443,852 shares during the period. The Manufacturers Life Insurance Company’s holdings in American Tower were worth $306,214,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Swiss RE Ltd. acquired a new position in shares of American Tower during the 4th quarter worth approximately $25,000. Triumph Capital Management acquired a new position in American Tower during the third quarter worth $29,000. Operose Advisors LLC purchased a new stake in American Tower in the 2nd quarter valued at $25,000. Acumen Wealth Advisors LLC acquired a new stake in shares of American Tower in the 4th quarter worth $29,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of American Tower during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Stock Down 1.5%

Shares of AMT opened at $172.76 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.12. The firm has a market cap of $80.50 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 2.82 and a beta of 0.89. The company’s 50-day moving average price is $171.66 and its 200 day moving average price is $177.16. American Tower Corporation has a 12-month low of $160.06 and a 12-month high of $199.13.

American Tower (NYSE:AMT) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $1.14. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.70 billion. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the business earned $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, sell-side analysts forecast that American Tower Corporation will post 10.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AMT shares. TD Cowen raised their price objective on shares of American Tower from $225.00 to $227.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Wolfe Research upgraded shares of 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. Royal Bank Of Canada raised shares of American Tower from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $195.00 to $205.00 in a research note on Friday, June 26th. Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. Finally, BMO Capital Markets upped their price objective on American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, American Tower currently has an average rating of “Moderate Buy” and an average target price of $215.29.

American Tower News Roundup

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

• Positive Sentiment: American Tower successfully priced a $1.6 billion senior unsecured notes offering, consisting of $500 million due 2031, $500 million due 2033 and $600 million due 2036. The financing provides long-term capital and liquidity for general corporate purposes, including potential debt refinancing. American Tower Corporation Prices Senior Notes Offering
• Neutral Sentiment: Management participated in Citi’s 2026 Global TMT Conference and Goldman Sachs’ Communacopia + Technology Conference. The available reports are transcripts, and no specific new guidance or material business update was identified in the supplied information. Citi Conference Transcript Goldman Sachs Conference Transcript
• Negative Sentiment: AMT declined more than the broader market, suggesting pressure from general market conditions and the stock’s interest-rate sensitivity rather than a clearly reported deterioration in tower operations. The company’s sizable debt load makes borrowing costs and bond-market conditions important considerations for investors. American Tower Dips More Than Broader Market
• Negative Sentiment: The new notes carry fixed annual interest rates of 5.300% for the 2031 securities and 5.560% for the 2033 securities, with the 2036 tranche also adding to future interest obligations. While the offering supports liquidity, the incremental financing reinforces concerns about AMT’s leverage and interest expense. American Tower Prices Senior Notes Offering

Insider Activity at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 1,106 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were 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 owned 27,711 shares of the company’s stock, valued at $4,848,316.56. This trade represents a 3.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur acquired 2,829 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were bought at an average cost of $177.00 per share, for a total transaction of $500,733.00. Following the transaction, the director directly owned 7,765 shares of the company’s stock, valued at approximately $1,374,405. This trade represents a 57.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders sold 6,791 shares of company stock worth $1,204,091. Corporate insiders own 0.08% of the company’s stock.

About American Tower

American Tower Corporation (NYSE:AMT) is a global owner, operator and developer of wireless communications infrastructure. The company leases space on communications sites, including towers, rooftops and other structures, to wireless carriers, broadcasters, government agencies and other customers. Its infrastructure supports wireless networks and the transmission of voice, data and video services.

In addition to traditional macro towers, American Tower provides distributed antenna systems and other in-building or venue-based communications solutions designed to improve wireless coverage and capacity.