Palisade Asset Management LLC Has $6.51 Million Stake in American Tower Corporation $AMT

Posted by Francis Steltz on Jun 15th, 2026

Palisade Asset Management LLC decreased its position in American Tower Corporation (NYSE:AMT – Free Report) by 22.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,066 shares of the real estate investment trust’s stock after selling 10,482 shares during the quarter. Palisade Asset Management LLC’s holdings in American Tower were worth $6,508,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AMT. Richards Merrill & Peterson Inc. acquired a new position in shares of American Tower in the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. grew its position in shares of American Tower by 90.7% in the fourth 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 last quarter. Swiss RE Ltd. acquired a new position in shares of American Tower in the fourth quarter valued at approximately $25,000. Holos Integrated Wealth LLC acquired a new position in shares of American Tower in the fourth quarter valued at approximately $27,000. Finally, Triumph Capital Management bought a new stake in shares of American Tower in the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Stock Up 0.0%

NYSE AMT opened at $187.20 on Monday. American Tower Corporation has a fifty-two week low of $165.08 and a fifty-two week high of $234.33. The stock has a market capitalization of $87.22 billion, a PE ratio of 30.24, a PEG ratio of 0.78 and a beta of 0.90. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. The business has a fifty day moving average price of $181.01 and a two-hundred day moving average price of $179.92.

American Tower (NYSE:AMT – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the prior year, the company earned $2.75 EPS. American Tower’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 analysts expect that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Friday, June 12th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, June 12th. American Tower’s dividend payout ratio is presently 115.67%.

Insider Activity at American Tower

In other news, EVP Ruth T. Dowling sold 556 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total value of $99,234.88. Following the completion of the transaction, the executive vice president directly owned 29,877 shares in the company, valued at approximately $5,332,446.96. This represents a 1.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

AMT has been the subject of several recent research reports. UBS Group cut their price target on American Tower from $254.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Jefferies Financial Group upped their target price on American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Royal Bank Of Canada restated a “sector perform” rating and set a $195.00 target price on shares of American Tower in a research note on Thursday, April 30th. Truist Financial upped their target price on American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Citizens Jmp restated a “market outperform” rating and set a $260.00 target price on shares of American Tower in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $216.20.

View Our Latest Report on American Tower

About American Tower

(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.