M&T Bank Corp Sells 175,456 Shares of American Tower Corporation $AMT

26 Apr 2026, 06:10 by Renee Jackson · The Cerbat Gem

M&T Bank Corp reduced its position in shares of American Tower Corporation (NYSE:AMT – Free Report) by 84.4% in the fourth quarter, Holdings Channel reports. The fund owned 32,422 shares of the real estate investment trust’s stock after selling 175,456 shares during the quarter. M&T Bank Corp’s holdings in American Tower were worth $5,692,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of American Tower by 17.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 465,806 shares of the real estate investment trust’s stock valued at $82,162,000 after acquiring an additional 68,368 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of American Tower during the 4th quarter valued at approximately $671,000. Salomon & Ludwin LLC boosted its position in shares of American Tower by 102.2% during the 4th quarter. Salomon & Ludwin LLC now owns 366 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 185 shares during the last quarter. Sitrin Capital Management LLC bought a new position in shares of American Tower during the 4th quarter valued at approximately $4,190,000. Finally, Evergreen Capital Management LLC boosted its position in shares of American Tower by 142.2% during the 4th quarter. Evergreen Capital Management LLC now owns 70,693 shares of the real estate investment trust’s stock valued at $12,531,000 after acquiring an additional 41,509 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AMT shares. BMO Capital Markets increased their price target on shares of American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a report on Wednesday, February 25th. Mizuho raised shares of American Tower from a “neutral” rating to an “outperform” rating and increased their price target for the company from $189.00 to $205.00 in a report on Wednesday, April 15th. Sanford C. Bernstein started coverage on shares of American Tower in a report on Thursday, March 5th. They issued a “market perform” rating and a $205.00 price target for the company. Jefferies Financial Group increased their price target on shares of American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Finally, The Goldman Sachs Group lowered their price target on shares of American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a report on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $217.33.

Read Our Latest Stock Report on American Tower

Insider Activity

In related news, COO Eugene M. Noel sold 41,209 shares of American Tower stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $191.05, for a total value of $7,872,979.45. Following the completion of the sale, the chief operating officer directly owned 29,592 shares in the company, valued at $5,653,551.60. The trade was a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Rajesh Kalathur acquired 2,671 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average price of $185.30 per share, with a total value of $494,936.30. Following the completion of the acquisition, the director directly owned 4,936 shares of the company’s stock, valued at $914,640.80. This represents a 117.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.17% of the company’s stock.

American Tower Stock Down 0.3%

Shares of AMT opened at $178.43 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27. The company has a market cap of $83.16 billion, a PE ratio of 33.10, a P/E/G ratio of 0.75 and a beta of 0.92. American Tower Corporation has a 52-week low of $165.08 and a 52-week high of $234.33. The business has a fifty day moving average of $180.88 and a 200 day moving average of $180.21.

American Tower (NYSE:AMT – Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.54 by ($0.79). The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.69 billion. American Tower had a return on equity of 24.36% and a net margin of 23.76%.The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.62 EPS. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, sell-side analysts expect that American Tower Corporation will post 10.59 EPS for the current year.

American Tower Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th will be paid a dividend of $1.79 per share. 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 4.0%. The ex-dividend date of this dividend is Tuesday, April 14th. American Tower’s payout ratio is presently 132.84%.

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.

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