Blackrock Adds $151M in American Tower Corporation ($AMT)
BlackRock added 919,381 shares to its American Tower holdings, now worth $8.51 billion.
Key Points
- BlackRock increased its American Tower stake by 919,381 shares, totaling 44,954,137 shares, valued at $8.51 billion.
- American Tower shares trade near $189.29 with a market cap of $87.2 billion and a P/E ratio of 30.19.
- Insiders at American Tower sold shares recently, and analysts have set new price targets ranging from $195 to $260.
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BlackRock has boosted its position in American Tower Corporation (NYSE: AMT) by 919,381 shares, according to the latest 13F filing with the SEC. This move increases BlackRock's holdings to 44,954,137 shares, valued at approximately $8.51 billion as of the end of the reporting period.
What Changed in BlackRock's American Tower Position
BlackRock's latest move saw an increase of 919,381 shares, bringing its total to 44,954,137 shares, a 2.09% increase from its previous holdings of 44,034,756 shares. The total value of this position is now approximately $8.51 billion.
Other Institutional Activity in American Tower
Other institutional investors have also been active in American Tower. Vanguard Capital Management LLC holds 30,362,380 shares, valued at about $5.24 billion, while Vanguard Portfolio Management LLC has 27,596,159 shares worth approximately $4.76 billion. State Street Corp added 447,075 shares, ending with 21,434,609 shares valued at around $3.70 billion. JPMorgan Chase & Co increased its stake by 716,125 shares, totaling 15,128,367 shares worth about $2.58 billion. Geode Capital Management, LLC added 434,593 shares, bringing its total to 13,933,628 shares, valued at $2.40 billion.
American Tower Corporation Stock Down 6.5%
Shares of American Tower Corporation (NYSE: AMT) are trading near $189.29. The company has a market cap of $87.2 billion and a P/E ratio of 30.19. Its 52-week range has seen a low of $165.08 and a high of $234.33. The stock's 50-day moving average is $181.11, and the 200-day moving average is $182.74. The company has a current ratio of 0.304, a quick ratio of 0.264, and a debt-to-equity ratio of 444.55.
$AMT stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
American Tower reported a revenue of $10.82 billion with a year-over-year growth of 6.8%. The company's earnings per share (EPS) stand at $6.20, with a net margin of 26.81% and a return on equity (ROE) of 29.95%. The next earnings report is expected on April 28, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 target raises vs 2 cuts.
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EPS & revenue
EPS beat estimates by 13.6%. Revenue beat estimates by 2.0%.
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Profit surprise
EBITDA met by 2 percent. Operating income beat by 7 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 upgrade, 3 target raises, 2 target cuts.
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Earnings quality
Gross margin down 1.3 points. Operating margin down 6.5 points. Positive free cash flow.
Earnings Call Summary
American Tower had a strong first quarter with reported revenue of $2.74 billion, beating consensus by about $53 million, and earnings per share of $2.84 versus consensus of $2.50. Organic growth excluding DISH churn was 4 percent in towers and 17 percent in the CoreSite data center business, driven by growing mobile data demand, AI workload expansion and a major inflection in interconnection activity. Management emphasized that structural tailwinds including 5G densification, eventual 6G deployment, and AI-driven infrastructure needs position the company well for mid to upper single-digit annual growth going forward.
Guidance Management raised full year property revenue guidance by about $145 million to approximately $10.9 billion, driven by foreign exchange tailwinds and accelerated straight-line revenue. They expect organic tenant billings growth around 4 percent when excluding one-time DISH churn, plus data center growth of about 13 percent. They reaffirmed attributable AFFO per share growth expectations in the mid to upper single-digit range over the long term.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Dividend
American Tower offers an annual dividend rate of $6.98, yielding 3.73%. The dividend payout ratio is 82.26%.
Insider Buying and Selling at American Tower Corporation
Recent insider activity at American Tower includes several sales. On June 1, 2026, Robert Joseph Meyer, SVP & Advisor to the CFO, sold 153 shares at an average price of $187.53. On May 28, 2026, Pamela Reeve sold 810 shares, and on April 29, 2026, Ruth Dowling, EVP, Chief Admin Officer, GC & Sec, sold 416 shares at $177.54, under a planned sale.
Analysts Set New Price Targets
On May 19, 2026, Bernstein upgraded American Tower to a 'buy' rating with a price target of $207. RBC Capital reiterated a 'hold' rating on April 30, 2026, with a target of $195. Truist Securities maintained a 'buy' rating with a $208 target, and JP Morgan also maintained a 'buy' rating, setting a target of $240. The consensus recommendation is a 'buy', with a mean target price of $216.14 among 22 analysts.
About American Tower Corporation
American Tower Corporation is a leading global real estate investment trust headquartered in Boston, Massachusetts. It specializes in owning, operating, and developing multitenant communications real estate. The company's primary business involves leasing space on communication sites to various clients, including wireless service providers and government agencies. American Tower also offers tower-related services in the U.S., supporting its site leasing business.
Bottom Line
BlackRock's increased stake in American Tower Corporation showcases the fund's confidence in the company's growth potential. Investors often track such large institutional moves for insights into market trends. Remember, 13F filings are backward-looking and reflect holdings as of the reporting period, not necessarily the current positions.
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