Greenleaf Trust Sells 4,239 Shares of American Tower Corporation $AMT

Greenleaf Trust decreased its stake in shares of American Tower Corporation (NYSE:AMT) by 3.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 106,385 shares of the real estate investment trust’s stock after selling 4,239 shares during the quarter. Greenleaf Trust’s holdings in American Tower were worth $17,414,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in American Tower in the 3rd quarter valued at $21,309,000. Profund Advisors LLC lifted its position in American Tower by 27.0% during the third quarter. Profund Advisors LLC now owns 5,972 shares of the real estate investment trust’s stock valued at $978,000 after buying an additional 1,270 shares during the period. Vise Technologies Inc. grew its position in American Tower by 7.7% during the 3rd quarter. Vise Technologies Inc. now owns 20,037 shares of the real estate investment trust’s stock valued at $3,280,000 after purchasing an additional 1,435 shares during the last quarter. Cidel Asset Management Inc. lifted its position in American Tower by 10.9% during the third quarter. Cidel Asset Management Inc. now owns 2,524 shares of the real estate investment trust’s stock valued at $413,000 after purchasing an additional 248 shares during the period. Finally, MGO One Seven LLC grew its position in shares of American Tower by 1.1% during the 3rd quarter. MGO One Seven LLC now owns 25,389 shares of the real estate investment trust’s stock valued at $4,156,000 after acquiring an additional 274 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

American Tower News Summary

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

• Positive Sentiment: Truist raises target and reiterates Buy: Truist Financial increased its price target for AMT from $207 to $210 and assigned a “Buy” rating. The new target implies approximately 12% upside from the reference price, providing a positive near-term catalyst.
• Positive Sentiment: Share repurchase plan approved: American Tower’s board approved a stock repurchase plan, potentially supporting the share price and signaling management’s confidence in the company’s valuation and cash-generation ability. Stock Repurchase Plan Approved by American Tower Board
• Positive Sentiment: CoreSite outlook remains favorable: Coverage highlighted CoreSite’s repeated guidance increases, suggesting continued strength in American Tower’s data-center and digital-infrastructure operations. Why Is CoreSite Lifting American Tower Guidance Again?
• Neutral Sentiment: Recent earnings were broadly in line: Third-quarter EPS matched consensus, while revenue exceeded estimates and increased year over year. The results provide fundamental support, although earnings growth remains a key consideration for investors. American Tower Q3 2026 Earnings
• Neutral Sentiment: Analyst views are mixed: Recent coverage describes differing opinions on AMT and other real-estate stocks, while performance comparisons examine whether American Tower is outperforming its finance-sector peers. Analysts Offer Insights on Real Estate Companies
• Negative Sentiment: JPMorgan and Citigroup lowered expectations: Both firms recently reduced their price targets for AMT, tempering the bullish impact of Truist’s upgrade. Citigroup nevertheless retained a “Buy” rating while cutting its target from $225 to $220. Citigroup Cuts American Tower Price Target JPMorgan Lowers Expectations for American Tower

American Tower Trading Up 0.0%

American Tower stock opened at $187.83 on Monday. American Tower Corporation has a 52 week low of $160.06 and a 52 week high of $202.50. The stock has a market cap of $87.52 billion, a PE ratio of 26.49, a P/E/G ratio of 3.39 and a beta of 0.85. The stock has a 50-day moving average price of $175.85 and a 200 day moving average price of $177.35. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 3.30.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $1.64 EPS for the quarter, meeting analysts’ consensus estimates of $1.64. American Tower had a return on equity of 32.71% and a net margin of 30.10%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the business earned $2.78 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts predict that American Tower Corporation will post 10.80 earnings per share for the current fiscal year.

American Tower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Wednesday, September 30th were issued a dividend of $1.79 per share. The ex-dividend date was Wednesday, September 30th. This represents a $7.16 annualized dividend and a dividend yield of 3.8%. American Tower’s payout ratio is presently 100.99%.

American Tower announced that its board has approved a stock repurchase plan on Tuesday, October 27th that allows the company to buy back $2 billion in shares. This repurchase authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMT. The Goldman Sachs Group reaffirmed a “buy” rating on shares of American Tower in a report on Tuesday, October 27th. JPMorgan Chase & Co. decreased their price objective on American Tower from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. Scotiabank reiterated an “outperform” rating on shares of American Tower in a research note on Wednesday, July 29th. Barclays upped their price target on American Tower from $198.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, September 30th. Finally, Sanford C. Bernstein decreased their price target on shares of American Tower from $214.00 to $212.00 and set an “outperform” rating for the company in a research note on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $216.44.

Insider Activity at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 952 shares of the firm’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $185.81, for a total transaction of $176,891.12. Following the completion of the transaction, the executive vice president directly owned 26,133 shares of the company’s stock, valued at $4,855,772.73. This trade represents a 3.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur purchased 2,829 shares of the stock in a transaction dated Friday, August 21st. The stock was purchased at an average price of $177.00 per share, with a total value of $500,733.00. Following the completion of the acquisition, the director directly owned 7,765 shares in the company, valued at approximately $1,374,405. The trade was a 57.31% increase in their position. The SEC filing for this purchase provides additional information. 0.08% of the stock is owned by company 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.