Rep. Dwight Evans Sells Off Shares of American Tower Corporation (NYSE:AMT)
by Jessica Moore · The Cerbat GemRepresentative Dwight Evans (Democratic-Pennsylvania) recently sold shares of American Tower Corporation (NYSE:AMT). In a filing disclosed on May 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in American Tower stock on May 11th. The trade occurred in the Representative’s “CETERA” account.
Representative Dwight Evans also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of Thermo Fisher Scientific (NYSE:TMO) on 5/7/2026.
- Sold $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 5/7/2026.
- Sold $1,001 – $15,000 in shares of Quanta Services (NYSE:PWR) on 5/7/2026.
- Sold $15,001 – $50,000 in shares of Micron Technology (NASDAQ:MU) on 3/24/2026.
American Tower Stock Up 3.4%
NYSE:AMT traded up $5.96 during mid-day trading on Tuesday, reaching $183.24. The company’s stock had a trading volume of 2,141,551 shares, compared to its average volume of 3,162,981. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. American Tower Corporation has a 1 year low of $165.08 and a 1 year high of $234.33. The stock has a fifty day moving average of $177.60 and a 200-day moving average of $179.00. The firm has a market capitalization of $85.37 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 0.71 and a beta of 0.90.
American Tower (NYSE:AMT – Get Free Report) last announced its 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 business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter last year, the firm earned $2.75 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Equities research analysts forecast that American Tower Corporation will post 10.67 earnings per share for the current year.
American Tower Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, April 14th. This is a positive change from American Tower’s previous quarterly dividend of $1.70. American Tower’s dividend payout ratio is currently 115.67%.
Insider Transactions at American Tower
In other American Tower news, EVP Ruth T. Dowling sold 556 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $178.48, for a total value of $99,234.88. Following the completion of the sale, the executive vice president owned 29,877 shares in the company, valued at approximately $5,332,446.96. This represents a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur acquired 2,671 shares of American Tower stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the transaction, the director owned 4,936 shares of the company’s stock, valued at $914,640.80. This represents a 117.92% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have sold 42,181 shares of company stock valued at $8,046,071. Corporate insiders own 0.08% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a $195.00 target price on shares of American Tower in a research report on Thursday, April 30th. Weiss Ratings raised American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Scotiabank raised their price objective on American Tower from $214.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Raymond James Financial reiterated a “strong-buy” rating and issued a $240.00 price target on shares of American Tower in a research note on Wednesday, April 29th. Finally, Citizens Jmp restated a “market outperform” rating and set a $260.00 price target on shares of American Tower in a research note on Wednesday, April 29th. One research 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. Based on data from MarketBeat.com, American Tower presently has a consensus rating of “Moderate Buy” and an average price target of $216.20.
Get Our Latest Analysis on American Tower
Institutional Investors Weigh In On American Tower
Several hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC boosted its position in American Tower by 113.0% during the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after purchasing an additional 2,104 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of American Tower by 34.3% during the second quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock worth $319,000 after purchasing an additional 368 shares in the last quarter. United Bank raised its position in shares of American Tower by 12.7% during the 2nd quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock worth $1,434,000 after purchasing an additional 733 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in American Tower by 2.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 218,511 shares of the real estate investment trust’s stock worth $48,295,000 after buying an additional 4,778 shares during the last quarter. Finally, Ieq Capital LLC lifted its position in shares of American Tower by 52.2% in the second quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust’s stock valued at $7,570,000 after acquiring an additional 11,751 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.
Key American Tower News
Here are the key news stories impacting American Tower this week:
- Positive Sentiment: Bernstein upgraded American Tower (AMT) to Outperform from Market-Perform and set a $207 price target, implying notable upside from current levels. The firm said concerns about satellite competition, higher rates, and Dish Network exposure may be overstated, which is boosting investor confidence. Article link
- Positive Sentiment: Another analysis framed AMT as an attractive way to gain exposure to data center and connectivity infrastructure, citing secular demand from AI, cloud computing, and digital transformation. The article highlighted AMT’s discount valuation relative to peers and its dividend yield as additional support for the bullish view. Article link
- Neutral Sentiment: American Tower also presented at the J.P. Morgan Global Technology, Media and Communications Conference, which may have kept the stock in focus, but no major new financial update was included in the provided excerpt. Article link
- Neutral Sentiment: American Tower shares were also reported as outperforming peers in trading, reinforcing the positive tone around the name. Article link
About Representative Evans
Dwight Evans (Democratic Party) is a member of the U.S. House, representing Pennsylvania’s 3rd Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027.
Evans (Democratic Party) is running for re-election to the U.S. House to represent Pennsylvania’s 3rd Congressional District. He declared candidacy for the 2026 election.
Evans earned his A.A. from the Community College of Philadelphia in 1973 and his bachelor’s degree from La Salle College in 1975. He then attended Graduate Work at Temple University from 1975 to 1976. His professional experience includes working as an employment counselor/job developer for the Urban League of Philadelphia and as a teacher in the Philadelphia Public School System.
About American Tower
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.