MBL Wealth LLC Purchases 6,612 Shares of American Tower Corporation $AMT

MBL Wealth LLC grew its holdings in shares of American Tower Corporation (NYSE:AMT) by 415.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 8,205 shares of the real estate investment trust’s stock after buying an additional 6,612 shares during the period. MBL Wealth LLC’s holdings in American Tower were worth $1,343,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in American Tower during the 2nd quarter valued at about $7,490,943,000. State Street Corp grew its position in shares of American Tower by 2.9% in 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 purchasing an additional 631,593 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of American Tower by 20.4% in 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 purchasing an additional 1,240,780 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of American Tower in the second quarter valued at approximately $1,096,186,000. Finally, Legal & General Group Plc increased its holdings in shares of American Tower by 0.6% in the second quarter. Legal & General Group Plc now owns 4,853,850 shares of the real estate investment trust’s stock valued at $793,944,000 after purchasing an additional 27,929 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on AMT shares. Royal Bank Of Canada upgraded American Tower from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $195.00 to $205.00 in a research report on Friday, June 26th. Scotiabank reissued an “outperform” rating on shares of American Tower in a research note on Wednesday, July 29th. BMO Capital Markets upped their target price on American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Wednesday, July 29th. Truist Financial reaffirmed a “buy” rating and issued a $207.00 target price (down from $208.00) on shares of American Tower in a research note on Wednesday, August 12th. Finally, The Goldman Sachs Group set a $210.00 price target on American Tower in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $214.90.

Insider Activity at American Tower

In related news, Director Rajesh Kalathur acquired 2,829 shares of American Tower stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average cost of $177.00 per share, for a total transaction of $500,733.00. Following the acquisition, the director owned 7,765 shares in the company, valued at approximately $1,374,405. This represents a 57.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Ruth Dowling sold 1,106 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total value of $193,505.76. Following the transaction, the executive vice president owned 27,711 shares of the company’s stock, valued at approximately $4,848,316.56. This represents a 3.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 6,791 shares of company stock worth $1,204,091. Company insiders own 0.08% of the company’s stock.

American Tower Stock Up 2.2%

AMT stock opened at $181.62 on Friday. American Tower Corporation has a one year low of $160.06 and a one year high of $196.08. The firm has a market cap of $84.63 billion, a PE ratio of 24.98, a PEG ratio of 2.85 and a beta of 0.88. The firm’s 50 day moving average price is $174.42 and its 200-day moving average price is $175.63. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52.

American Tower (NYSE:AMT) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping the consensus estimate of $1.57 by $1.14. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, equities research analysts anticipate that American Tower Corporation will post 10.80 EPS for the current year.

American Tower Announces Dividend

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

More American Tower News

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

• Positive Sentiment: Director Teresa Hillary Clarke disclosed a series of open-market purchases, including 43 shares bought October 20 at $183.20. Across the reported transactions, Clarke steadily increased her direct ownership to more than 5,600 shares. While the individual purchases are relatively small, repeated insider buying can signal confidence in American Tower’s long-term outlook. SEC insider trading filing
• Positive Sentiment: Analysts are preparing for American Tower’s third-quarter 2026 results, focusing on revenue, earnings and operating metrics. Expectations for connectivity and data demand provide a potential fundamental catalyst if the company meets or exceeds forecasts. Q3 American Tower estimates
• Neutral Sentiment: American Tower recently reported quarterly earnings above consensus estimates, with revenue up 4.6% year over year, and management provided fiscal 2026 EPS guidance of $11.00 to $11.17. Investors may look to the upcoming results for confirmation that growth remains on track.
• Negative Sentiment: Sanford C. Bernstein lowered its price target for American Tower, adding pressure to the investment case even as the stock gained momentum. Bernstein price target reduction
• Negative Sentiment: A recent analysis argued that American Tower remains a high-quality tower REIT but that its prior valuation discount has largely disappeared. With shares trading near $182 and at roughly 25 times earnings, further gains may require stronger operating results or favorable interest-rate conditions. American Tower valuation analysis

About American Tower

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.