United Asset Strategies Inc. Makes New Investment in American Tower Corporation $AMT

United Asset Strategies Inc. acquired a new stake in American Tower Corporation (NYSE:AMT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,780 shares of the real estate investment trust’s stock, valued at approximately $455,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMT. BlackRock Inc. bought a new stake in shares of American Tower during the second quarter worth $7,490,943,000. State Street Corp boosted its stake 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 purchasing an additional 631,593 shares during the period. Lazard Asset Management LLC grew its holdings 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 worth $1,264,311,000 after purchasing an additional 1,240,780 shares during the last quarter. Deutsche Bank AG bought a new position in shares of American Tower in the second quarter worth about $1,096,186,000. Finally, Legal & General Group Plc increased its stake in American Tower by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 4,853,850 shares of the real estate investment trust’s stock worth $793,944,000 after buying an additional 27,929 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Insider Activity at American Tower

In related news, Director Rajesh Kalathur bought 2,829 shares of the stock in a transaction on Friday, August 21st. The stock was bought at an average price of $177.00 per share, for a total transaction 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. This represents a 57.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ruth T. Dowling sold 952 shares of the stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $185.81, for a total value of $176,891.12. Following the sale, the executive vice president directly owned 26,133 shares in the company, valued at $4,855,772.73. This trade represents a 3.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company’s stock.

Key American Tower News

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AMT shares. TD Cowen lifted their price objective on shares of American Tower from $225.00 to $227.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Truist Financial upped their target price on shares of American Tower from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. BMO Capital Markets raised their target price on shares of American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. Finally, Barclays lifted their price target on shares of American Tower from $198.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, September 30th. One investment 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $216.44.

American Tower Stock Up 1.0%

NYSE:AMT opened at $187.83 on Friday. American Tower Corporation has a 1-year low of $160.06 and a 1-year high of $202.50. The company has a 50-day moving average of $175.85 and a 200 day moving average of $177.35. The firm has a market cap of $87.52 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 3.36 and a beta of 0.88. The company has a debt-to-equity ratio of 3.30, a current ratio of 0.51 and a quick ratio of 0.52.

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

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

American Tower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Wednesday, September 30th were paid a dividend of $1.79 per share. The ex-dividend date was Wednesday, September 30th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.8%. American Tower’s dividend payout ratio (DPR) is currently 100.99%.

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.