Fifth Third Bancorp Has $16.05 Million Stake in American Tower Corporation $AMT

Fifth Third Bancorp trimmed its holdings in American Tower Corporation (NYSE:AMT) by 35.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,394 shares of the real estate investment trust’s stock after selling 50,024 shares during the period. Fifth Third Bancorp’s holdings in American Tower were worth $16,046,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Danske Bank A S lifted its position in shares of American Tower by 11.6% in the fourth quarter. Danske Bank A S now owns 247,525 shares of the real estate investment trust’s stock valued at $43,458,000 after buying an additional 25,762 shares during the last quarter. Mutual Advisors LLC lifted its position in shares of American Tower by 14.1% in the fourth quarter. Mutual Advisors LLC now owns 4,725 shares of the real estate investment trust’s stock valued at $830,000 after buying an additional 584 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of American Tower by 1.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 121,641 shares of the real estate investment trust’s stock valued at $21,357,000 after buying an additional 1,627 shares during the last quarter. Safe Harbor Family Capital LLC acquired a new stake in shares of American Tower in the fourth quarter valued at approximately $478,000. Finally, Activest Wealth Management lifted its position in shares of American Tower by 183.2% in the fourth quarter. Activest Wealth Management now owns 286 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 185 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Key American Tower News

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

• Positive Sentiment: Q1 beat and upgraded outlook — AMT reported AFFO and revenue above estimates and raised FY?2026 guidance, giving the stock fundamental support from recurring cash flow strength. Read More.
• Positive Sentiment: CoreSite/AI tailwinds — CoreSite launched 100Gbps connectivity across its Open Cloud Exchange to target AI/ML and high?bandwidth workloads, supporting data?center growth that can diversify AMT’s revenue mix. Read More.
• Positive Sentiment: Dividend lift — the company raised the quarterly dividend (to $1.79) paid late April, reinforcing the REIT income profile that appeals to yield?oriented holders. Read More.
• Positive Sentiment: Analyst support — several firms raised price targets or reiterated buy/overweight stances (e.g., Truist raised its target), which underpins medium?term upside expectations. Read More.
• Neutral Sentiment: JPMorgan recalibration — JPM trimmed its target from $245 to $240 but kept an overweight rating; this is a modest adjustment rather than a downgrade and leaves meaningful upside. Read More.
• Neutral Sentiment: RBC reaffirmed sector?perform ($195) — mixed analyst views persist across brokers, creating intra?day volatility as investors weigh growth vs. valuation. Read More.
• Neutral Sentiment: Insider selling under 10b5?1 — EVP Ruth T. Dowling sold small lots (pre?arranged plan); routine plan sales can seed supply but do not necessarily signal deteriorating fundamentals. Read More.
• Negative Sentiment: Critical commentary on valuation/catalysts — some analysts and commentators argue AMT lacks near?term re?rating catalysts and flag margin/valuation risks, which can prompt short?term profit?taking. Read More.

Insider Transactions at American Tower

In other American Tower news, COO Eugene M. Noel sold 41,209 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the transaction, the chief operating officer owned 29,592 shares in the company, valued at $5,653,551.60. This trade represents a 58.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rajesh Kalathur acquired 2,671 shares of the stock in a transaction on Tuesday, March 10th. The shares were bought at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the purchase, the director owned 4,936 shares in the company, valued at approximately $914,640.80. This trade represents a 117.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have sold 42,181 shares of company stock worth $8,046,071. Company insiders own 0.08% of the company’s stock.

American Tower Price Performance

Shares of NYSE AMT opened at $181.72 on Friday. The firm has a market cap of $84.69 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 0.77 and a beta of 0.90. The company has a current ratio of 0.43, a quick ratio of 0.60 and a debt-to-equity ratio of 3.07. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33. The business’s 50 day moving average is $180.04 and its 200-day moving average is $180.05.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $1.24. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Equities research analysts predict that American Tower Corporation will post 10.62 earnings per share for the current year.

American Tower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from American Tower’s previous quarterly dividend of $1.70. The ex-dividend date was Tuesday, April 14th. American Tower’s dividend payout ratio is 115.67%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMT. New Street Research raised American Tower from a “neutral” rating to a “buy” rating and set a $203.00 price objective for the company in a research report on Monday, January 5th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $260.00 price objective on shares of American Tower in a research report on Wednesday. Scotiabank raised their price objective on American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday. Mizuho raised American Tower from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $189.00 to $205.00 in a research report on Wednesday, April 15th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $240.00 target price on shares of American Tower in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, American Tower has a consensus rating of “Moderate Buy” and a consensus target price of $218.05.

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.