Kentucky Retirement Systems Purchases 3,214 Shares of American Tower Corporation $AMT

Posted by George Bondi on Jul 31st, 2026

Kentucky Retirement Systems grew its position in American Tower Corporation (NYSE:AMT – Free Report) by 10.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,582 shares of the real estate investment trust’s stock after acquiring an additional 3,214 shares during the quarter. Kentucky Retirement Systems’ holdings in American Tower were worth $5,623,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AMT. Oddo BHF Asset Management Sas boosted its position in shares of American Tower by 4.2% during the first quarter. Oddo BHF Asset Management Sas now owns 34,704 shares of the real estate investment trust’s stock valued at $5,989,000 after buying an additional 1,402 shares during the period. Strategic Investment Advisors MI raised its holdings in shares of American Tower by 317.1% in the first quarter. Strategic Investment Advisors MI now owns 12,530 shares of the real estate investment trust’s stock worth $2,165,000 after buying an additional 9,526 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of American Tower by 7.5% during the 1st quarter. Arkadios Wealth Advisors now owns 2,141 shares of the real estate investment trust’s stock worth $369,000 after acquiring an additional 149 shares during the last quarter. IFS Group LLC purchased a new position in American Tower during the 1st quarter valued at $254,000. Finally, Amundi boosted its holdings in American Tower by 21.0% during the 1st quarter. Amundi now owns 3,830,533 shares of the real estate investment trust’s stock valued at $661,056,000 after acquiring an additional 663,976 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

More American Tower News

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

Positive Sentiment: American Tower reported strong Q2 2026 results, with revenue increasing to approximately $2.75 billion and net income reaching $867.5 million. Record leasing at its CoreSite data-center business and solid global tower activity supported the performance. Record CoreSite Leasing And Strong Q2 Results at American Tower
Positive Sentiment: The company raised its 2026 financial outlook for the second time and expects data-center revenue to grow roughly 15%, benefiting from demand related to artificial intelligence and cloud infrastructure. American Tower Raises 2026 Outlook Again
Positive Sentiment: Scotiabank raised its price target to $220 from $218, while BMO Capital Markets increased its target to $195 from $190. The revisions indicate analysts see potential upside, although BMO maintained a “market perform” rating. Scotiabank Raises American Tower Price Target
Neutral Sentiment: American Tower and Crown Castle are trading near one-year lows, but investor commentary favors American Tower because of its stronger data-center growth and repeated guidance increases. American Tower or Crown Castle
Neutral Sentiment: Executive Vice President Ruth T. Dowling sold a combined 1,791 shares for approximately $309,641 under a pre-arranged Rule 10b5-1 plan. Because the sales were scheduled and the executive retained a sizable position, the transactions are a limited signal rather than a clear change in management’s outlook. SEC Insider Trading Filing
Negative Sentiment: Analysts continue to flag American Tower’s sensitivity to interest rates. Higher rates can raise borrowing costs, pressure highly leveraged REITs and make dividend-oriented investments less attractive, likely contributing to the stock’s weakness despite improving operating results. American Tower Interest Rate Risk Analysis

American Tower Stock Performance

AMT stock opened at $174.55 on Friday. American Tower Corporation has a 1-year low of $160.06 and a 1-year high of $217.39. The business has a 50-day moving average price of $176.07 and a 200 day moving average price of $178.43. The company has a market capitalization of $81.32 billion, a P/E ratio of 24.01, a PEG ratio of 2.87 and a beta of 0.91. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.43.

American Tower (NYSE:AMT – Get Free Report) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $1.24. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.66 billion. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.75 EPS. As a group, equities research analysts forecast that American Tower Corporation will post 10.66 EPS for the current fiscal year.

American Tower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Friday, June 12th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, June 12th. American Tower’s dividend payout ratio is presently 98.49%.

Analyst Upgrades and Downgrades

AMT has been the topic of a number of recent analyst reports. Barclays reduced their target price on American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Royal Bank Of Canada raised shares of American Tower from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $195.00 to $205.00 in a research note on Friday, June 26th. BMO Capital Markets upped their price target on shares of American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday. Citizens Jmp reaffirmed a “market outperform” rating and issued a $260.00 price target on shares of American Tower in a research note on Wednesday, April 29th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.19.

Read Our Latest Report on AMT

Insider Activity

In other news, EVP Ruth T. Dowling sold 1,106 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total transaction of $193,505.76. Following the transaction, the executive vice president directly owned 27,711 shares in the company, valued at approximately $4,848,316.56. This trade represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.08% of the company’s stock.

American Tower Company Profile

(Free Report)

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.