Rep. Dwight Evans Sells Shares of American Tower Corporation
Dwight Evans disclosed selling shares of American Tower Corporation valued between $1,001 and $15,000.
Financial Disclosure Report
Clerk of the House of Representatives • Legislative Resource Center • B81 Cannon Building • Washington, DC 20515
Filer Information
- Name:
- Rep. Dwight Evans (D-PA)
- Status:
- Member — House
- State/District:
- PA-3
Filing Information
- Filing Type:
- Periodic Transaction Report
- Filing Year:
- 2026
- Filing Date:
- May 18, 2026
Schedule B: Transactions
| Asset | Transaction | Date | Amount |
|---|---|---|---|
| American Tower Corporation ($AMT) | Sell | May 11, 2026 | $1,001 - $15,000 |
Key Points
- Dwight Evans sold shares of American Tower Corporation valued between $1,001 and $15,000, reported on May 18, 2026.
- American Tower Corporation trades at $189.29 with a market cap of $87.2 billion and a P/E ratio of 30.14.
- Insider and analyst activity includes recent sales by executives and a buy rating from Bernstein with a $207 target.
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Dwight Evans recently disclosed selling shares of American Tower Corporation (NYSE: AMT) valued between $1,001 and $15,000. The transaction was reported on May 18, 2026, with the sale occurring on May 11, 2026. This activity is part of routine disclosures required for members of Congress under the STOCK Act.
Dwight Evans vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
American Tower Corporation Stock Up 4.7%
Shares of NYSE:AMT were trading around $189.29 at the time of the report. American Tower Corporation, with a market cap of approximately $87.2 billion, has a price-to-earnings (P/E) ratio of 30.14. The stock's 52-week range is between $165.08 and $234.33, with a 50-day moving average of $180.78 and a 200-day moving average of $182.84. The company has a beta of 0.891, indicating less volatility compared to the market average.
$AMT stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its latest earnings report, American Tower Corporation posted revenue of $10.8 billion, reflecting a growth rate of 6.8%. The company achieved a net margin of 26.8% and a return on equity of 29.95%. Earnings per share (EPS) were reported at $6.21. The next earnings release is scheduled for April 28, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
3 target raises vs 2 cuts.
-
EPS & revenue
EPS beat estimates by 13.6%. Revenue beat estimates by 2.0%.
-
Profit surprise
EBITDA met by 2 percent. Operating income beat by 7 percent.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
1 upgrade, 3 target raises, 2 target cuts.
-
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 Corporation offers an annual dividend rate of $6.98, yielding 3.69% based on current share prices. The dividend payout ratio stands at 82.26%, indicating the proportion of earnings paid out as dividends to shareholders.
Insider Buying and Selling at American Tower Corporation
Recent insider transactions at American Tower include Robert Joseph Meyer, a Senior Vice President, selling 153 shares on June 1, 2026, at an average price of $187.53. Additionally, Pamela Reeve sold 810 shares on May 28, 2026. Ruth Dowling, the Executive Vice President and Chief Administrative Officer, sold shares on several occasions, including planned sales on April 28 and 29, 2026.
Analysts Set New Price Targets
On May 19, 2026, Bernstein upgraded American Tower to a 'buy' rating with a price target of $207. Other analysts also provided ratings in late April, with RBC Capital reiterating a 'hold' at $195 and Truist Securities maintaining a 'buy' with a $208 target. Overall, the consensus recommendation is 'buy', with an average target price of $216.14 from 22 analysts.
About American Tower Corporation
American Tower Corporation is a leading global real estate investment trust (REIT) focusing on communications infrastructure. Headquartered in Boston, Massachusetts, the company owns, operates, and develops multitenant communications sites. Its primary business involves leasing space on these sites to various clients, including wireless service providers and broadcasters. Founded in 1995, American Tower is led by CEO Steven O. Vondran and employs approximately 4,866 people.
Bottom Line
Dwight Evans' sale of American Tower Corporation shares is a routine disclosure under the STOCK Act, reflecting transparency in congressional trading activities. American Tower remains a significant player in the REIT sector, with stable earnings and a steady dividend yield. Investors often monitor such insider and institutional activities to gauge confidence in the company's prospects.
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