Wedbush Fund Advisers LLC Invests $607,000 in American Tower Corporation $AMT

Posted by Francis Steltz on Aug 26th, 2026

Wedbush Fund Advisers LLC bought a new stake in shares of American Tower Corporation (NYSE:AMT – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 3,710 shares of the real estate investment trust’s stock, valued at approximately $607,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. grew its stake in shares of 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 period. Swiss RE Ltd. acquired a new stake in American Tower in the 4th quarter valued at $25,000. Allied Private Wealth LLC acquired a new stake in American Tower in the 2nd quarter valued at $29,000. Triumph Capital Management bought a new stake in American Tower in the third quarter valued at $29,000. Finally, Acumen Wealth Advisors LLC acquired a new position in American Tower during the fourth quarter worth $29,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

AMT has been the subject of a number of analyst reports. Scotiabank reissued an “outperform” rating on shares of American Tower in a report on Wednesday, July 29th. Royal Bank Of Canada upgraded shares of American Tower from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $195.00 to $205.00 in a research report on Friday, June 26th. Citizens Jmp reissued a “market outperform” rating and set a $260.00 price target on shares of American Tower in a report on Wednesday, April 29th. Mizuho set a $208.00 price objective on shares of American Tower in a research note on Thursday, August 20th. Finally, Wolfe Research raised shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price objective for the company in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $215.29.

Get Our Latest Stock Report on AMT

Insider Activity at American Tower

In related news, CFO Robert Joseph Meyer sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $178.89, for a total value of $894,450.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at 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 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 directly owned 27,711 shares in the company, valued at approximately $4,848,316.56. This represents a 3.84% 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. Insiders sold a total of 6,791 shares of company stock valued at $1,204,091 over the last quarter. Corporate insiders own 0.08% of the company’s stock.

American Tower Stock Performance

American Tower stock opened at $178.66 on Wednesday. The stock has a 50-day simple moving average of $171.00 and a 200 day simple moving average of $177.83. The stock has a market capitalization of $83.25 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 2.82 and a beta of 0.90. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12. American Tower Corporation has a 12-month low of $160.06 and a 12-month high of $209.10.

American Tower (NYSE:AMT – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $2.70 billion. During the same quarter last year, the company posted $2.60 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, research analysts anticipate that American Tower Corporation will post 10.8 earnings per share for the current fiscal year.

American Tower 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.