American Tower (NYSE:AMT) to Repurchase $2 billion in Shares

Posted by Geri Gentry on Oct 27th, 2026

American Tower (NYSE:AMT – Get Free Report) declared that its board has approved a share repurchase plan on Tuesday, October 27th, RTT News reports. The company plans to buy back $2 billion in shares. This repurchase authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

American Tower Price Performance

NYSE AMT traded down $4.57 during trading hours on Tuesday, hitting $183.71. 3,550,253 shares of the company were exchanged. The company has a 50 day moving average of $175.17 and a two-hundred day moving average of $177.12. American Tower has a 52-week low of $160.06 and a 52-week high of $202.50.

American Tower (NYSE:AMT – Get Free Report) last released its earnings results on Tuesday, October 27th. The real estate investment trust reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $1.23. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the company posted $2.78 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts forecast that American Tower will post 10.80 EPS for the current fiscal year.

American Tower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Wednesday, September 30th were paid a $1.79 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $7.16 dividend on an annualized basis and a yield of 3.9%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. BMO Capital Markets increased their price objective on American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group restated a “buy” rating on shares of American Tower in a research report on Tuesday. Truist Financial reaffirmed a “buy” rating and issued a $207.00 price target (down from $208.00) on shares of American Tower in a research note on Wednesday, August 12th. Sanford C. Bernstein lowered their price target on American Tower from $214.00 to $212.00 and set an “outperform” rating for the company in a report on Tuesday, October 20th. Finally, Scotiabank reiterated an “outperform” rating on shares of American Tower in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $214.90.

View Our Latest Analysis on American Tower

Insider Buying and Selling

In other American Tower 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 transaction 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 legal filing with the SEC, which is available at this link. 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 in the company, valued at approximately $4,848,316.56. This represents a 3.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by insiders.

American Tower News Summary

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

Positive Sentiment: Q3 results exceeded expectations. American Tower reported $2.87 in funds from operations (FFO) per share, up from $2.78 a year earlier and ahead of the $2.84 consensus estimate. Revenue rose 2.5% year over year to approximately $2.79 billion, surpassing estimates of $2.76 billion. American Tower Q3 earnings report
Positive Sentiment: Management raised its 2026 outlook for the third time. Higher expected property revenue and AFFO reflect steady global leasing demand and continued tenant activity. American Tower raises 2026 outlook
Positive Sentiment: Data-center growth strengthened. CoreSite revenue increased 16.3%, supported by record demand from artificial-intelligence and cloud customers. American Tower now expects 2026 data-center revenue growth of 16% and is targeting 200–300 basis points of tower-margin expansion by 2030. American Tower data-center outlook

About American Tower

(Get 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.

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