ProShare Advisors LLC Buys 10,645 Shares of American Tower Corporation $AMT

ProShare Advisors LLC lifted its stake in shares of American Tower Corporation (NYSE:AMT) by 8.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 142,242 shares of the real estate investment trust’s stock after acquiring an additional 10,645 shares during the period. ProShare Advisors LLC’s holdings in American Tower were worth $24,973,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. GLOBALT Investments LLC GA raised its holdings in shares of American Tower by 3.0% during the fourth quarter. GLOBALT Investments LLC GA now owns 6,410 shares of the real estate investment trust’s stock valued at $1,125,000 after purchasing an additional 188 shares during the period. Mission Wealth Management LP grew its stake in shares of American Tower by 7.8% in the 4th quarter. Mission Wealth Management LP now owns 2,432 shares of the real estate investment trust’s stock valued at $427,000 after buying an additional 176 shares during the period. Pacific Heights Asset Management LLC increased its position in American Tower by 60.0% in the 4th quarter. Pacific Heights Asset Management LLC now owns 200,000 shares of the real estate investment trust’s stock valued at $35,114,000 after buying an additional 75,000 shares in the last quarter. Gabelli Funds LLC increased its position in American Tower by 1.2% in the 4th quarter. Gabelli Funds LLC now owns 108,040 shares of the real estate investment trust’s stock valued at $18,969,000 after buying an additional 1,300 shares in the last quarter. Finally, Requisite Capital Management LLC acquired a new position in American Tower during the 4th quarter worth approximately $521,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting American Tower

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

• Positive Sentiment: Bernstein upgraded American Tower (AMT) to Outperform from Market Perform and set a $207 price target, helping fuel buying interest as investors reassessed the stock’s upside potential. Bernstein upgrades American Tower (AMT)
• Positive Sentiment: Analysts argued that concerns around satellite competition, interest rates, and Dish exposure may be overdone, which has improved sentiment toward the tower REIT group and AMT specifically. Bernstein turns bullish on American Tower, sees 17% upside
• Positive Sentiment: Recent commentary also points to American Tower’s stronger fundamentals and raised 2026 outlook after its latest quarterly report, reinforcing confidence in cash-flow growth and resilience. American Tower rises 3.4% as Bernstein upgrade revives optimism after raised 2026 outlook

American Tower Stock Performance

Shares of American Tower stock opened at $183.89 on Thursday. American Tower Corporation has a 52 week low of $165.08 and a 52 week high of $234.33. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. The business has a 50 day moving average price of $177.43 and a 200-day moving average price of $179.05. The company has a market cap of $85.67 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 0.76 and a beta of 0.90.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the firm earned $2.75 earnings per share. American Tower’s quarterly revenue was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Equities analysts anticipate that American Tower Corporation will post 10.67 earnings per share for the current fiscal 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 $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio (DPR) is currently 115.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMT. Sanford C. Bernstein raised American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 price objective for the company in a research note on Tuesday. Weiss Ratings raised American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. BMO Capital Markets lifted their price target on shares of American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a research report on Wednesday, February 25th. Scotiabank boosted their price target on shares of American Tower from $214.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley lowered their price objective on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $216.20.

Insider Activity

In other news, Director Rajesh Kalathur acquired 2,671 shares of American Tower stock in a transaction on Tuesday, March 10th. The stock was acquired at an average cost of $185.30 per share, with a total value of $494,936.30. Following the transaction, the director owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. This trade represents a 117.92% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Eugene M. Noel sold 41,209 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $191.05, for a total value of $7,872,979.45. Following the completion of the transaction, the chief operating officer owned 29,592 shares in the company, valued at $5,653,551.60. The trade was a 58.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,181 shares of company stock worth $8,046,071 over the last quarter. Insiders own 0.08% of the company’s stock.

American Tower 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.