Conestoga Capital Advisors LLC Acquires 82,989 Shares of American Tower Corporation $AMT

Posted by Francis Steltz on Nov 5th, 2026

Conestoga Capital Advisors LLC acquired a new stake in American Tower Corporation (NYSE:AMT – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 82,989 shares of the real estate investment trust’s stock, valued at approximately $13,584,000.

A number of other hedge funds also recently modified their holdings of AMT. Dynamic Wealth Strategies LLC boosted its holdings in shares of American Tower by 11.1% during the 3rd quarter. Dynamic Wealth Strategies LLC now owns 549 shares of the real estate investment trust’s stock worth $90,000 after buying an additional 55 shares during the period. TOWER TRUST & INVESTMENT Co raised its holdings in American Tower by 1.2% in the 3rd quarter. TOWER TRUST & INVESTMENT Co now owns 5,002 shares of the real estate investment trust’s stock valued at $819,000 after acquiring an additional 58 shares during the period. Pinnacle Bancorp Inc. raised its holdings in American Tower by 1.3% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 4,491 shares of the real estate investment trust’s stock valued at $736,000 after acquiring an additional 59 shares during the period. William Allan Corp lifted its position in American Tower by 4.7% during the third quarter. William Allan Corp now owns 1,391 shares of the real estate investment trust’s stock worth $228,000 after acquiring an additional 62 shares during the last quarter. Finally, Community Financial Services Group LLC lifted its position in American Tower by 1.2% during the second quarter. Community Financial Services Group LLC now owns 5,388 shares of the real estate investment trust’s stock worth $895,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analysts Set New Price Targets

AMT has been the topic of several research reports. BMO Capital Markets upped their target price on American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. Mizuho set a $208.00 price target on American Tower in a report on Thursday, August 20th. Truist Financial boosted their price target on American Tower from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Wolfe Research upgraded American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price target for the company in a research note on Wednesday, July 8th. Finally, Citigroup decreased their price objective on American Tower from $225.00 to $220.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $216.44.

Check Out Our Latest Stock Analysis on American Tower

American Tower Price Performance

NYSE:AMT opened at $195.16 on Thursday. American Tower Corporation has a 52 week low of $160.06 and a 52 week high of $202.50. The company has a debt-to-equity ratio of 3.30, a quick ratio of 0.51 and a current ratio of 0.51. The firm’s 50-day simple moving average is $176.60 and its 200 day simple moving average is $177.54. The firm has a market cap of $90.93 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 3.38 and a beta of 0.85.

American Tower (NYSE:AMT – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $1.64 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.64. American Tower had a net margin of 30.10% and a return on equity of 32.71%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the firm posted $2.78 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts predict that American Tower Corporation will post 10.80 earnings per share for the current year.

American Tower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Wednesday, September 30th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Wednesday, September 30th. American Tower’s payout ratio is presently 100.99%.

American Tower announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 27th that permits the company to buy back $2 billion in shares. This buyback authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 952 shares of American Tower stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $185.81, for a total value of $176,891.12. Following the completion of the transaction, the executive vice president directly owned 26,133 shares of the company’s stock, valued at $4,855,772.73. The trade was a 3.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur purchased 2,829 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average price of $177.00 per share, for a total transaction of $500,733.00. Following the transaction, the director directly owned 7,765 shares of the company’s stock, valued at $1,374,405. This trade represents a 57.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.08% of the company’s stock.

American Tower Company 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.