John G Ullman & Associates Inc. Has $10.75 Million Stock Holdings in American Tower Corporation $AMT

Posted by Stanley Muller on May 17th, 2026

John G Ullman & Associates Inc. lifted its stake in American Tower Corporation (NYSE:AMT – Free Report) by 7.9% during the fourth quarter, HoldingsChannel reports. The fund owned 61,218 shares of the real estate investment trust’s stock after purchasing an additional 4,500 shares during the quarter. American Tower comprises approximately 1.4% of John G Ullman & Associates Inc.’s holdings, making the stock its 18th biggest position. John G Ullman & Associates Inc.’s holdings in American Tower were worth $10,748,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AMT. Richards Merrill & Peterson Inc. acquired a new position in shares of American Tower in the fourth quarter worth $25,000. Oakworth Capital Inc. increased its position in American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 68 shares during the last quarter. Holos Integrated Wealth LLC acquired a new position in American Tower during the fourth quarter worth $27,000. Triumph Capital Management acquired a new position in American Tower during the third quarter worth $29,000. Finally, Steph & Co. increased its position in American Tower by 87.2% during the fourth quarter. Steph & Co. now owns 176 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 82 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

American Tower Trading Up 0.1%

Shares of NYSE:AMT opened at $170.74 on Friday. The company has a market cap of $79.54 billion, a P/E ratio of 27.58, a P/E/G ratio of 0.71 and a beta of 0.90. The stock’s 50-day moving average is $177.80 and its 200-day moving average is $179.11. American Tower Corporation has a 52-week low of $165.08 and a 52-week high of $234.33. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43.

American Tower (NYSE:AMT – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $1.24. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period last year, the business posted $2.75 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Equities research analysts predict that American Tower Corporation will post 10.67 earnings per share for the current year.

American Tower Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 14th were paid a $1.79 dividend. The ex-dividend date was Tuesday, April 14th. This is a boost from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a dividend yield of 4.2%. American Tower’s dividend payout ratio is 115.67%.

Insider Activity at American Tower

In related news, Director Rajesh Kalathur bought 2,671 shares of American Tower stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the completion of the purchase, the director owned 4,936 shares in the company, valued at approximately $914,640.80. This represents a 117.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Eugene M. Noel sold 41,209 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the completion of the sale, the chief operating officer owned 29,592 shares of the company’s stock, valued at approximately $5,653,551.60. The trade was a 58.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 42,181 shares of company stock worth $8,046,071. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AMT shares. Jefferies Financial Group increased their target price on shares of American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Mizuho raised shares of American Tower from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $189.00 to $205.00 in a research report on Wednesday, April 15th. Morgan Stanley lowered their target price on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. UBS Group lowered their target price on shares of American Tower from $254.00 to $248.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $260.00 target price on shares of American Tower in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $218.05.

View Our Latest Research Report on AMT

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.