6,040 American Tower Corporation $AMT Shares Sold by MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd lessened its holdings in shares of American Tower Corporation (NYSE:AMT) by 12.7% in the third quarter, HoldingsChannel.com reports. The firm owned 41,453 shares of the real estate investment trust’s stock after selling 6,040 shares during the period. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd’s holdings in American Tower were worth $6,785,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AMT. BlackRock Inc. bought a new position in shares of American Tower in the second quarter valued at $7,490,943,000. State Street Corp grew its holdings in shares of American Tower by 2.9% during the second quarter. State Street Corp now owns 22,066,202 shares of the real estate investment trust’s stock valued at $3,647,491,000 after buying an additional 631,593 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of American Tower by 20.4% during the first quarter. Lazard Asset Management LLC now owns 7,325,943 shares of the real estate investment trust’s stock valued at $1,264,311,000 after buying an additional 1,240,780 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of American Tower during the second quarter worth about $1,096,186,000. Finally, Legal & General Group Plc increased its position in shares of American Tower by 0.6% during the second quarter. Legal & General Group Plc now owns 4,853,850 shares of the real estate investment trust’s stock worth $793,944,000 after acquiring an additional 27,929 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMT. Royal Bank Of Canada restated an “outperform” rating and issued a $205.00 target price on shares of American Tower in a report on Wednesday. Scotiabank reissued an “outperform” rating on shares of American Tower in a report on Wednesday, July 29th. Barclays increased their price objective on American Tower from $198.00 to $199.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 30th. Jefferies Financial Group dropped their target price on American Tower from $210.00 to $201.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Finally, BMO Capital Markets lifted their target price on American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $215.95.

American Tower News Summary

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

• Positive Sentiment: American Tower’s Q3 results exceeded expectations on key operating measures: adjusted funds from operations were $2.87 per share versus the $2.84 consensus, while revenue reached $2.78 billion. Management raised its full-year 2026 outlook for the third time, supported by steady global leasing demand. American Tower Raises Its 2026 Outlook For Third Time
• Positive Sentiment: CoreSite data-center revenue increased 16.3%, driven by strong AI and cloud leasing activity. American Tower also lifted its 2026 data-center revenue growth outlook to 16% and is targeting 200–300 basis points of tower-margin expansion by 2030, reinforcing its long-term growth narrative. American Tower Raises Data Center Revenue Outlook
• Positive Sentiment: The board authorized a $2 billion share-repurchase program. Buybacks can support per-share results and signal that management views the stock as attractively valued. American Tower Share Repurchase Program
• Neutral Sentiment: Citigroup lowered its price target from $225 to $220 but maintained a “buy” rating, while JPMorgan reduced its target from $240 to $230 and retained an “overweight” rating. Both firms still imply substantial upside, but the reductions may temper investor enthusiasm. Citigroup American Tower Rating
• Negative Sentiment: The headline earnings reaction has been weak even though cash generation and guidance improved. Reported EPS of $1.64 met estimates rather than exceeded them, and revenue growth was modest at 2.5% year over year, leaving investors concerned that the positive developments may already be reflected in the valuation. American Tower Stock Price Dips as Q3 Results Lift Guidance

American Tower Stock Performance

AMT stock opened at $183.46 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12. The firm has a market cap of $85.48 billion, a PE ratio of 25.23, a P/E/G ratio of 3.03 and a beta of 0.88. The business has a 50 day moving average of $175.39 and a 200-day moving average of $177.18. American Tower Corporation has a 12-month low of $160.06 and a 12-month high of $202.50.

American Tower (NYSE:AMT) last issued 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 for the quarter, compared to analyst estimates of $2.76 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%. American Tower’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $2.78 earnings per share. As a group, sell-side analysts expect that American Tower Corporation will post 10.80 earnings per share for the current year.

American Tower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Wednesday, September 30th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Wednesday, September 30th. American Tower’s dividend payout ratio is 98.49%.

American Tower declared that its Board of Directors has authorized a share buyback program on Tuesday, October 27th that authorizes the company to buy back $2 billion in shares. This repurchase authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Share repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other American Tower news, Director Rajesh Kalathur bought 2,829 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was purchased at an average cost of $177.00 per share, with a total value of $500,733.00. Following the transaction, the director directly owned 7,765 shares in the company, valued at $1,374,405. This trade represents a 57.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

American Tower Company 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.