7,631 Shares in American Tower Corporation $AMT Purchased by Pallas Capital Advisors LLC

Posted by Stanley Muller on Aug 19th, 2026

Pallas Capital Advisors LLC purchased a new stake in American Tower Corporation (NYSE:AMT – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 7,631 shares of the real estate investment trust’s stock, valued at approximately $1,248,000.

Other large investors also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. purchased a new position in shares of American Tower in the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. raised its stake in American Tower by 90.7% in the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 68 shares during the last quarter. Swiss RE Ltd. purchased a new position in American Tower in the 4th quarter valued at $25,000. Allied Private Wealth LLC acquired a new stake in American Tower during the 2nd quarter worth $29,000. Finally, Triumph Capital Management acquired a new stake in American Tower during the 3rd quarter worth $29,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMT has been the subject of a number of recent research reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $214.00 target price on shares of American Tower in a research report on Wednesday, July 29th. Wolfe Research upgraded shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price target on the stock in a research report on Wednesday, July 8th. TD Cowen increased 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. Citizens Jmp reissued a “market outperform” rating and issued a $260.00 target price on shares of American Tower in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada upgraded American Tower from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $195.00 to $205.00 in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, American Tower presently has an average rating of “Moderate Buy” and an average price target of $215.14.

Get Our Latest Stock Report on AMT

Insider Buying and Selling

In other American Tower news, CFO Robert Joseph Meyer sold 5,000 shares of American Tower stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the sale, the chief financial officer owned 21,428 shares in the company, valued at $3,833,254.92. The trade was a 18.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ruth T. Dowling sold 1,106 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total value of $193,505.76. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,791 shares of company stock valued at $1,204,091 in the last 90 days. Insiders own 0.08% of the company’s stock.

American Tower Stock Up 0.1%

NYSE AMT opened at $172.45 on Wednesday. American Tower Corporation has a 52 week low of $160.06 and a 52 week high of $214.79. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12. The business’s fifty day simple moving average is $172.11 and its 200-day simple moving average is $177.84. The firm has a market cap of $80.35 billion, a PE ratio of 23.72, a P/E/G ratio of 2.79 and a beta of 0.90.

American Tower (NYSE:AMT – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $1.14. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the firm posted $2.60 earnings per share. American Tower’s quarterly revenue was up 4.6% on a year-over-year basis. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, equities analysts anticipate that American Tower Corporation will post 10.78 earnings per share for the current year.

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Friday, June 12th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, June 12th. American Tower’s payout ratio is presently 98.49%.

About American Tower

(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.