Blackrock Adds $172M in American Tower Corporation ($AMT)

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 Stock Snapshot

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.

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.

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.