American Tower Corporation $AMT Stock Bought by Pinnacle Associates Ltd.

Posted by George Bondi on Oct 22nd, 2026

Pinnacle Associates Ltd. lifted its position in shares of American Tower Corporation (NYSE:AMT – Free Report) by 1,376.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,853 shares of the real estate investment trust’s stock after buying an additional 58,597 shares during the period. Pinnacle Associates Ltd.’s holdings in American Tower were worth $10,288,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. raised its holdings in shares of American Tower by 259.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 674,870 shares of the real estate investment trust’s stock worth $110,469,000 after purchasing an additional 487,107 shares during the period. Rare Wolf Capital LLC lifted its stake in shares of American Tower by 160.5% in the 3rd quarter. Rare Wolf Capital LLC now owns 4,726 shares of the real estate investment trust’s stock valued at $774,000 after purchasing an additional 2,912 shares in the last quarter. Redwood Family Wealth LLC purchased a new stake in shares of American Tower during the 3rd quarter worth about $238,000. MBM Wealth Consultants LLC grew its holdings in shares of American Tower by 26.2% during the 3rd quarter. MBM Wealth Consultants LLC now owns 3,600 shares of the real estate investment trust’s stock worth $589,000 after purchasing an additional 748 shares during the period. Finally, Norway Savings Bank acquired a new stake in American Tower during the 3rd quarter worth approximately $672,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Royal Bank Of Canada upgraded shares of American Tower from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $195.00 to $205.00 in a report on Friday, June 26th. Mizuho set a $208.00 price target on shares of American Tower in a research report on Thursday, August 20th. The Goldman Sachs Group set a $210.00 price objective on shares of American Tower in a research note on Tuesday, July 28th. 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 research report on Wednesday, July 8th. Finally, Weiss Ratings lowered shares of American Tower from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, American Tower currently has an average rating of “Moderate Buy” and a consensus price target of $214.90.

Get Our Latest Research Report on AMT

Insiders Place Their Bets

In other American Tower news, CFO Robert Joseph Meyer sold 5,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 21,428 shares in the company, valued at $3,833,254.92. This represents a 18.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ruth 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 completion of the sale, the executive vice president directly owned 27,711 shares of the company’s stock, valued at $4,848,316.56. This trade represents a 3.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,791 shares of company stock worth $1,204,091 in the last 90 days. 0.08% of the stock is owned by company insiders.

American Tower Trading Down 3.3%

Shares of AMT opened at $177.45 on Thursday. The stock’s 50-day moving average is $174.27 and its two-hundred day moving average is $175.58. The stock has a market cap of $82.69 billion, a PE ratio of 24.41, a P/E/G ratio of 2.95 and a beta of 0.88. American Tower Corporation has a 12 month low of $160.06 and a 12 month high of $196.08. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52.

American Tower (NYSE:AMT – Get Free Report) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping the consensus estimate of $1.57 by $1.14. American Tower had a return on equity of 32.76% and a net margin of 31.08%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the business earned $2.60 earnings per share. The company’s 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. Equities analysts forecast that American Tower Corporation will post 10.80 earnings per share for the current fiscal year.

American Tower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Wednesday, September 30th were given a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $7.16 annualized dividend and a yield of 4.0%. American Tower’s payout ratio is 98.49%.

American Tower Profile

(Free Report)

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.