Track market-moving stories before they get noisy

American Tower (AMT - Free Report) closed the most recent trading day at $172.92, moving -1.76% from the previous trading session. This change lagged the S&P 500's daily gain of 0.46%. Elsewhere, the Dow gained 0.56%, while the tech-heavy Nasdaq added 0.45%.

Heading into today, shares of the wireless communications infrastructure company had gained 0.44% over the past month, outpacing the Finance sector's loss of 0% and lagging the S&P 500's gain of 2%.

Analysts and investors alike will be keeping a close eye on the performance of American Tower in its upcoming earnings disclosure. The company is expected to report EPS of $2.82, up 1.44% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $2.77 billion, reflecting a 2.06% rise from the equivalent quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $11.07 per share and revenue of $11.04 billion, which would represent changes of +2.88% and +3.68%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for American Tower. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.2% higher within the past month. Right now, American Tower possesses a Zacks Rank of #2 (Buy).

With respect to valuation, American Tower is currently being traded at a Forward P/E ratio of 15.9. This valuation marks a premium compared to its industry average Forward P/E of 12.72.

It is also worth noting that AMT currently has a PEG ratio of 2.76. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The REIT and Equity Trust - Other industry currently had an average PEG ratio of 2.43 as of yesterday's close.

The REIT and Equity Trust - Other industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 88, finds itself in the top 36% echelons of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow AMT in the coming trading sessions, be sure to utilize Zacks.com.

-

New Capability Provides Customers with Increased Security, Enhanced Performance, and Reduced Latency for High-Density, Critical Workloads

Expanded Access to Oracle Cloud Supports Multicloud and AI Architectures Through CoreSite’s Open Cloud Exchange®

SANTA CLARA, Calif.--(BUSINESS WIRE)--CoreSite, an American Tower company (NYSE: AMT) and Oracle partner that provides interconnected data center solutions, today announced it will offer connectivity to Oracle Cloud through a new Oracle Cloud Infrastructure (OCI) FastConnect on-ramp to the Oracle Cloud San Jose Region at CoreSite's Silicon Valley data center campus. With this launch, CoreSite now provides direct, private connectivity to four commercial OCI regions in the U.S., enabling its customers to securely connect their colocation environments and mission-critical workloads to OCI with predictable performance, dedicated bandwidth, and reduced latency.

CoreSite today announced it will offer connectivity to Oracle Cloud through a new Oracle Cloud Infrastructure (OCI) FastConnect on-ramp to the Oracle Cloud San Jose Region.

ShareBy leveraging OCI FastConnect, CoreSite customers can improve the performance and resiliency of their multicloud applications through multiple connections to the same OCI region. Direct connectivity to four U.S. OCI regions also gives CoreSite customers additional flexibility to design architectures supporting geographic redundancy, disaster recovery, and distributed applications.

CoreSite also offers connectivity to Oracle through dedicated fiber and its Open Cloud Exchange®, a software-defined interconnection platform that enables CoreSite customers to provision private, on-demand connections between cloud providers, locations, and hybrid IT environments. Together, these capabilities can help simplify access to OCI and support connectivity across CoreSite's network-rich ecosystem of cloud, carrier, and enterprise partners.

The launch is particularly relevant for enterprises and digital platforms operating in Silicon Valley, where proximity to the Oracle Cloud San Jose Region and a highly interconnected digital ecosystem can support a range of deployment requirements. Potential use cases include real-time streaming, ad-tech, AI inferencing, and cross-cloud application architectures.

“The digital economy depends on fast, secure, and robust connectivity between enterprise infrastructure, cloud platforms, and increasingly AI-driven applications,” said Maile Kaiser, chief revenue officer, CoreSite. “By extending Oracle Cloud Infrastructure FastConnect to our Silicon Valley campus and now four U.S. Oracle Cloud Infrastructure regions, CoreSite provides customers greater architectural flexibility to deploy applications where it makes sense for their business while helping them simplify multicloud strategies, strengthen resilience, and adapt to evolving business demands.”

With OCI, customers benefit from best-in-class security, consistent high performance, global pricing, and the tools and expertise needed to bring enterprise workloads to the cloud quickly and efficiently. In addition, OCI gives organizations flexible, high-performance connectivity options from anywhere in the world through an extensive ecosystem of more than 110 OCI FastConnect global and regional partners that provide dedicated connectivity to Oracle Cloud Regions and services.

OCI is designed to run any application faster, and more securely, for less. As the only hyperscaler capable of delivering 200+ AI and cloud services at the edge, in a customer’s datacenter, across clouds, or in the public cloud, OCI also helps address a variety of data privacy, sovereign AI, and low latency requirements. In addition, Oracle’s distributed cloud delivers the benefits of the cloud with greater control and flexibility while also providing the consistent performance, SLAs, and global pricing for which OCI has become known.

About CoreSite

CoreSite, an American Tower company (NYSE: AMT), is a leading interconnection data center platform that empowers businesses to future-proof their digital transformation initiatives. For more than 20 years, CoreSite’s purpose-built, highly interconnected data center campuses and team of experts have delivered the cloud-enabled, resilient and flexible digital ecosystems required for customers to quickly scale and interoperate their businesses to support the increasing demands of critical workloads, like AI and high-density applications. For more information, visit CoreSite.com and follow CoreSite on our Connect[ED] blog, LinkedIn and YouTube channels.

About Oracle’s Partner Program

The Oracle PartnerNetwork (OPN) program helps Oracle and its partners drive joint customer success and business momentum. Oracle’s partner program provides partners with choice and flexibility, offering several program pathways and a robust range of foundational benefits spanning training and enablement, go-to-market collaboration, technical accelerators, and success support. To learn more, visit https://www.oracle.com/partner/.

Trademarks

Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

Forward-Looking Statements

This press release contains statements about future events and expectations, or “forward-looking statements,” all of which are inherently uncertain. We have based those forward-looking statements on management’s current expectations and assumptions and not on historical facts. These forward-looking statements involve a number of risks and uncertainties. For important factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the information set forth under the caption “Risk Factors” in Item 1A of American Tower’s most recent annual report on Form 10-K, and other risks described in documents American Tower subsequently files from time to time with the Securities and Exchange Commission. Neither we nor American Tower undertake any obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.

More News From CoreSite

Back to Newsroom

It has been about a month since the last earnings report for American Tower (AMT - Free Report) . Shares have lost about 2% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is American Tower due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for American Tower Corporation before we dive into how investors and analysts have reacted as of late.

American Tower Q2 AFFO Meets Estimates, Revenues Beat, '26 View UpAmerican Tower Corporation reported second-quarter 2026 adjusted funds from operations (AFFO) per share of $2.71, matching the Zacks Consensus Estimate. The metric increased 4.2% from the year-ago quarter.

Total revenues rose 4.7% year over year to $2.75 billion, surpassing the consensus mark by 1.5%. Results benefited from higher property revenues, robust global leasing activity and continued data center growth.

American Tower’s Property Portfolio Drives Revenue GrowthTotal property revenues increased 6.3% year over year to $2.69 billion. Property operations remained the company’s primary growth engine, supported by tower leasing demand and expansion across its data center platform.

Total tenant billings grew 2.4%, while organic tenant billings rose $34 million. Property gross margin expanded 4.9% to $1.98 billion, with the property gross margin standing at 73.7%.

American Tower Benefits From Data Center DemandData center revenues increased 13.4% year over year to $297 million. Cash revenues jumped 12.3%, reflecting healthy customer demand and strong leasing activity at CoreSite.

Management highlighted record leasing activity in the business. The company now expects data center property revenue growth of 14.9% at the midpoint of its updated 2026 outlook, indicating faster growth than anticipated earlier in the year.

American Tower Posts Broad Regional Leasing TrendsOrganic tenant billings growth, excluding the impact of DISH churn, was approximately 4% globally. Africa & APAC delivered a 10.6% rise, while Europe recorded an increase of 4.1%.

U.S. & Canada organic tenant billings grew 0.7% on a reported basis but were approximately 5% when excluding DISH churn. Latin America declined 2.4%, reflecting softer tenant billing trends in the region.

American Tower Generates Strong Cash FlowCash provided by operating activities increased 16% year over year to $1.49 billion. After total cash capital expenditures of $329 million, free cash flow climbed 19.6% to $1.16 billion.

The company declared a quarterly distribution of $1.79 per share, up 5.3% from the prior-year period. It also repurchased approximately 0.1 million shares for about $19 million during the quarter.

American Tower Maintains Financial FlexibilityAmerican Tower ended June with net debt of $35.43 billion, resulting in a net leverage ratio of 4.9 times annualized adjusted EBITDA.

Total liquidity stood at approximately $9.9 billion. This included nearly $1.8 billion in cash and roughly $8.2 billion available under revolving credit facilities, net of outstanding letters of credit.

American Tower Raises Its 2026 OutlookAmerican Tower raised the midpoint of its full-year property revenue outlook by $110 million. Property revenues are now projected between $10.70 billion and $10.85 billion, implying 4.5% growth at the midpoint. AFFO per share is projected between $11 and $11.17.

The updated outlook reflects favorable currency movements, data center outperformance and one-time expense benefits. The company also expects approximately 1% organic tenant billings growth, or roughly 4%, excluding DISH churn, along with about 15% data center revenue growth.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in fresh estimates.

VGM ScoresAt this time, American Tower has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Following the exact same course, the stock was allocated a score of C on the value side, putting it in the middle 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions looks promising. Interestingly, American Tower has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerAmerican Tower is part of the Zacks REIT and Equity Trust - Other industry. Over the past month, Digital Realty Trust (DLR - Free Report) , a stock from the same industry, has gained 2.8%. The company reported its results for the quarter ended June 2026 more than a month ago.

Digital Realty Trust reported revenues of $1.92 billion in the last reported quarter, representing a year-over-year change of +28.9%. EPS of $1.21 for the same period compares with $1.87 a year ago.

For the current quarter, Digital Realty Trust is expected to post earnings of $1.98 per share, indicating a change of 0% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.1% over the last 30 days.

Digital Realty Trust has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D.

Treasury’s pivot toward long-bond buybacks gives duration buyers their first clear green light in months — and the November midterms may add a second leg.

Key takeaways Treasury’s decision to at least double 10- to 30-year buybacks is a policy signal, not a technical footnote. It argues for adding duration and positioning for a flatter curve. History is on the side of the muni bid into year-end. Across 22 election cycles since 1982, the outcomes in which Republicans lose at least one chamber have been among the friendliest for 10-year AAA MMD. Credit is past peak but not impaired. The combined Moody’s/S&P upgrade-to-downgrade ratio fell to 0.7-to-1 in 2Q26, and multi-notch downgrades hit their highest level since 3Q18. Municipals are not cheap. Investment grade spreads sit in the 8th percentile of their 52-week range, so this is a rate and curve trade, not a spread trade. Why Are Municipal Bonds Moving Again After a Quiet Summer? Municipals spent the summer going nowhere in particular. That looks to be ending. On Wednesday August 19, the U.S. Treasury announced it will at least double its purchases of 10- to 30-year bonds — a deliberate attempt to pull down the long end while the department continues to fund itself at the front. The closest analog is the Federal Reserve’s 2011 “Operation Twist,” with one important difference: this time the twist is being engineered by the issuer rather than the central bank.

The market reaction was immediate and lopsided. Over the week ended August 19, 10- and 30-year Treasury yields fell 3bp and 5bp, respectively, while 10- and 30-year AAA MMD cheapened 7bp. That divergence cost tax-exempt investors: the ICE BofA Municipal Master Index returned -0.39% for the week, roughly 80bp behind Treasuries, corporates and taxable munis, and August month-to-date performance of 0.41% now trails those sectors by more than 30bp. Tax-exempt investment grade is still ahead year-to-date, but the cushion is thinner than it was two weeks ago.

We read the lag as an opportunity rather than a warning. Near-record short positioning in ultra-long bond futures had built through the bear-steepening episode that began in mid-June, and Treasury’s announcement is the kind of catalyst that forces that positioning to unwind. Municipals typically follow, with a delay.

What Does a Flatter Yield Curve Mean for Muni Duration? What that means for portfolios: consider adding duration while yields are still high and position for a potentially flatter curve. The AAA curve remains steep by any recent standard, with 1s30s at 210bp and 1s10s at 88bp, both at or near their three-month wides. Investors are being paid unusually well to extend.

Valuation is the one place to be careful. Muni/Treasury ratios sit at 61.2% in 3 years, 71.2% in 10 and 87.0% in 30 — neutral against three-year history, with the 10-year point modestly cheap on a three-month basis. Investment grade spreads of 13bp sit in the 8th percentile of their 52-week range and high yield spreads of 153bp in the 15th. Municipals are not cheap. The case for owning them here is rate direction and curve shape, not spread compression.

How Do Midterm Elections Affect Municipal Bond Yields? Roughly 470 Congressional seats are on the ballot November 3. Midterms are historically unkind to the party in power, and current polling reflects that: the RealClearPolitics generic ballot favors Democrats by 6.4 points, and seven in ten fund managers in BofA’s August Global Fund Manager Survey expect Democrats to take the House. A split outcome — Democratic House, Republican Senate — is the single most-expected result, at 47%.

That matters for tax-exempt rates. Looking at 10-year AAA MMD across the last 22 election cycles, the “unified Republican control going in, at least one chamber lost coming out” scenario has been among the most bullish in the sample: yields drift modestly higher into election day, then grind steadily lower, finishing roughly 13% below election-day levels about 35 days out. A status-quo outcome has historically done the opposite, cheapening about 9% over the same window.

We would not overtrade this. The bullish scenario rests on just two cycles — 2000 and 2018 — and in both, the real driver was arguably a growth scare and a Fed pivot rather than the election itself. The same caveat applies to 1986 and 2020. Election-year seasonality is a supporting argument for extending duration, not the reason to do it. Worth flagging as well: BofA’s economists still see the Fed hiking 75bp before year-end, a view 72% of surveyed fund managers do not share ahead of the election. That is a real two-sided risk to the duration call.

Is the Muni Credit Cycle Turning? What the Downgrade Data Shows The rating cycle has clearly turned. Moody’s and S&P combined for 223 upgrades against 314 downgrades in 2Q26 — a 0.7-to-1 ratio, down sharply from 1.2-to-1 in 1Q26. Moody’s ran slightly more constructive than S&P at 0.8-to-1 versus 0.6-to-1, but 2Q26 was Moody’s first quarter since 2Q25 with more downgrades than upgrades. More notable, Moody’s recorded 25 multi-notch downgrades in the quarter, the most since 3Q18.

The concentration is the useful signal. Of those 25, seventeen were school districts and five were cities. Across the first half of 2026, school districts accounted for 64% of multi-notch downgrades and cities 17%, while healthcare — 43% of the total in 2022 — fell to zero. Recent single-name actions fit the pattern: Moody’s cut Baltimore one notch to Aa3 on declining fund balances and cash levels, and S&P took San Diego County Water Authority down two notches to AA on member credit erosion and rising costs.

None of this is a systemic credit story. State revenues remain healthy — among 26 states reporting July collections, the median gain was 7.4% year-over-year, with corporate collections up 34.3% and sales up 10.1% on a median basis. The distress that does exist is idiosyncratic and concentrated in small, rural providers: the third Chapter 9 filing of 2026, Nebraska’s Garden County Health Services, was a 10-bed critical access hospital, and four of the eight Chapter 9 petitions since the start of 2024 have been rural healthcare operators.

Which VanEck Muni ETFs Align With a Duration-Extension View?Pulling the rate call and the credit call together: the analysis points toward higher-grade, longer-duration exposure and away from territories, small private colleges and rural single-facility hospitals— the three places where the downgrade cycle is doing real damage. VanEck’s municipal ETF lineup offers a reasonably direct way to express each leg of that view.

Extending duration. The VanEck Long Muni ETF (MLN) is the most closely aligned with this view. It targets the long end of the AMT-free investment grade curve, which is exactly where Treasury’s buyback expansion should exert the most pull and where a flattening curve pays off most. The VanEck Intermediate Muni ETF (ITM) is the more moderate version of the same trade — meaningful duration without taking the full ride on 30-year paper.

Funding the extension. With 1s30s at 210bp, the front end is where investors are being compensated least for the risk they hold. The VanEck Short Muni ETF (SMB) offers shorter-duration exposure for investors who prefer to limit rate risk..

Credit exposure, handled carefully. The VanEck High Yield Muni ETF (HYD) and VanEck Short High Yield Muni ETF (SHYD) provide tax-exempt spread income, and HYD carries duration alongside it. But this is where we would be most deliberate. High yield spreads of 153bp sit in the 15th percentile of their 52-week range, so there is limited compensation for the credit cycle turning — and the sectors driving multi-notch downgrades, including small private colleges and rural hospitals, are precisely the ones that populate high yield municipal benchmarks. SHYD’s shorter profile reduces the rate risk but not the credit question. We would size high yield for income, not for spread compression, and treat it as a satellite rather than the core of a Fall rally position.

Amplified beta. For investors who want a levered read on the rally, the VanEck CEF Muni Income ETF (XMPT) holds closed-end municipal funds that typically trade at discounts to NAV and employ leverage. Both features amplify returns in a rally — and both cut the other way if the Fed hike our economists still expect arrives instead. It is the highest-conviction, highest-volatility way to own this view.

Where Are Municipal Bonds Headed in Fall 2026? The summer range has broken, and it broke in the direction that favors duration. Treasury’s buyback expansion is a policy tailwind, and the election calendar historically adds a second leg into year-end. Spreads offer little, so this is a rates and curve trade — the case favors higher-grade, longer-maturity exposure and selectivity in the sectors where ratings are deteriorating.

By Michael Cohick

Originally published August 26, 2026

IMPORTANT DISCLOSURES

This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees.

The yields and market values of municipal securities may be more affected by changes in tax rates and policies than similar income-bearing taxable securities. Certain investors’ incomes may be subject to the Federal Alternative Minimum Tax (AMT) and taxable gains are also possible.

An investment in the Funds may be subject to risks which include, but are not limited to, risks related to municipal securities, high yield securities, credit, interest rate, state, call, private activity bonds, industrial development bond, special tax bond, market, operational, sampling, index tracking, tax, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount and liquidity of fund shares and concentration risks, all of which may adversely affect the Funds. High-yield municipal bonds are subject to greater risk of loss of income and principal than higher-rated securities, and are likely to be more sensitive to adverse economic changes or individual municipal developments than those of higher-rated securities.Municipal bonds may be less liquid than taxable bonds. A portion of the dividends you receive may be subject to the federal alternative minimum tax (AMT). There is no guarantee that the Funds’ income will be exempt from federal, state or local income taxes, and changes in those tax rates or in alternative minimum tax rates or in the tax treatment of municipal bonds may make them less attractive as investments and cause them to lose value. Capital gains, if any, are subject to capital gains tax. Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333 or visit vaneck.com/etfs. Please read the prospectus and summary prospectus carefully before investing.

Van Eck Securities Corporation, Distributor, a wholly owned subsidiary of Van Eck Associates Corporation

666 Third Avenue | New York, NY 10017

The principal risks of investing in VanEck ETFs and mutual funds include, but are not limited to, sector, market, economic, political, foreign currency, world event, index tracking, active management, social media analytics, derivatives, blockchain, commodities and non-diversification risks, as well as fluctuations in net asset value and the risks associated with investing in less developed capital markets. VanEck ETFs may also be subject to authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount risk and liquidity of fund shares risks. VanEck ETFs or mutual funds may loan their securities, which may subject them to additional credit and counterparty risk. ETFs or mutual funds that invest in high-yield securities are subject to subject to risks associated with investing in high-yield securities; which include a greater risk of loss of income and principal than funds holding higher-rated securities; concentration risk; credit risk; hedging risk; interest rate risk; and short sale risk. ETFs or mutual funds that invest in companies with small capitalizations are subject to elevated risks, which include, among others, greater volatility, lower trading volume and less liquidity than larger companies. Please see the prospectus of each Fund for more complete information regarding each Fund’s specific risks.

Investing involves risk including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of a fund carefully before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.

This website is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this website. Nothing on this website should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.

All investing is subject to risk, including the possible loss of the money you invest. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future results.

© 2026 VanEck. VanEck®, VanEck Access the opportunities®, and the stylized VanEck design® are trademarks of Van Eck Associates Corporation.

Bank of Nova Scotia lessened its stake in American Tower Corporation (NYSE:AMT – Free Report) by 10.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 126,293 shares of the real estate investment trust’s stock after selling 15,449 shares during the quarter. Bank of Nova Scotia’s holdings in American Tower were worth $20,718,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in AMT. Compass Financial Management LLC purchased a new stake in shares of American Tower in the 2nd quarter valued at approximately $49,000. Alta Advisers Ltd raised its holdings in shares of American Tower by 28.0% in the 2nd quarter. Alta Advisers Ltd now owns 2,109 shares of the real estate investment trust’s stock valued at $345,000 after purchasing an additional 461 shares in the last quarter. Stiles Financial Services Inc lifted its position in shares of American Tower by 3.9% during the 2nd quarter. Stiles Financial Services Inc now owns 13,062 shares of the real estate investment trust’s stock worth $2,137,000 after purchasing an additional 485 shares during the last quarter. Commerce Bank grew its stake in shares of American Tower by 7.3% during the second quarter. Commerce Bank now owns 36,835 shares of the real estate investment trust’s stock worth $6,025,000 after purchasing an additional 2,491 shares in the last quarter. Finally, Gabelli Funds LLC grew its stake in shares of American Tower by 2.0% during the second quarter. Gabelli Funds LLC now owns 116,640 shares of the real estate investment trust’s stock worth $19,079,000 after purchasing an additional 2,250 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets A number of analysts have weighed in on AMT shares. BMO Capital Markets raised their price target on American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. Mizuho set a $208.00 price objective on American Tower in a research report on Thursday. Scotiabank reiterated an “outperform” rating on shares of American Tower in a report on Wednesday, July 29th. The Goldman Sachs Group set a $210.00 target price on American Tower in a research report on Tuesday, July 28th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $214.00 target price on shares of American Tower in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $215.29.

Get Our Latest Stock Analysis on AMT American Tower Trading Up 0.3% NYSE AMT opened at $176.36 on Monday. The firm’s fifty day moving average price is $171.26 and its 200 day moving average price is $177.78. American Tower Corporation has a 12 month low of $160.06 and a 12 month high of $214.79. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market capitalization of $82.18 billion, a price-to-earnings ratio of 24.26, a price-to-earnings-growth ratio of 2.78 and a beta of 0.90.

American Tower (NYSE:AMT – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $1.14. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the company earned $2.60 earnings per share. American Tower’s quarterly revenue was up 4.6% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, sell-side analysts expect that American Tower Corporation will post 10.8 earnings per share for the current fiscal year.

Insider Buying and Selling In other news, CFO Robert Joseph Meyer sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the completion of the sale, the chief financial officer directly owned 21,428 shares of the company’s stock, valued at approximately $3,833,254.92. This represents a 18.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ruth T. Dowling sold 1,106 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total transaction of $193,505.76. Following the transaction, the executive vice president owned 27,711 shares in the company, valued at approximately $4,848,316.56. This trade represents a 3.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,791 shares of company stock worth $1,204,091 in the last 90 days. 0.08% of the stock is currently owned by company insiders.

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.

Further Reading Five stocks we like better than American Tower VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over

Receive News & Ratings for American Tower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Tower and related companies with MarketBeat.com's FREE daily email newsletter.

TORONTO, ON / ACCESS Newswire / August 19, 2026 / AmeriTrust Financial Technologies Inc. (TSXV:AMT)(OTCQB:AMTFF)(Frankfurt:1ZV) ("AmeriTrust", "AMT" or the "Company"), a fintech platform focused on automotive finance, today announced that AmeriTrust Auto, a wholly owned subsidiary of the Company, has received a Texas Dealer License and Texas Lease Facilitators License. AmeriTrust Auto is advancing an integrated lease-retention and remarketing strategy designed to create value for dealer partners, lessors, and customers throughout the lease lifecycle.

The licenses represent an important first step in establishing AmeriTrust Auto's new vehicle remarketing business and expanding its ability to immediately conduct lease-related vehicle disposition activities in Texas, one of the largest automotive markets in the United States, and the location of the Company's Head Office. AmeriTrust Auto is currently implementing its lease-retention and remarketing strategy in Texas and subject to the applicable licensing and regulatory requirements, will expand the model into additional U.S. states.

Jeff Morgan, Chief Executive Officer of AmeriTrust, commented:

"In most cases, AmeriTrust Auto enables its dealer partners to acquire lease-return vehicles at lease maturity. This retention strategy helps dealers address inventory needs while creating an opportunity to bring an active, in-market lease customer back into the dealership. When circumstances fall outside the traditional lease-return process-including early repossessions, vehicles with residual values or payoffs that exceed what a dealer is willing to pay, customers who relocate outside a dealer's market, or customer disputes and lease-return challenges-AmeriTrust Auto applies a tailored remarketing strategy to maximize the value of each vehicle.

This approach is designed to optimize vehicle disposition, increase remarketing revenue, and reduce cumulative net losses. By providing a structured solution for vehicles that may otherwise present challenges for lessors, AmeriTrust Auto can also help reduce downstream collections activity and disputes with its original lessor.

AmeriTrust Auto also plans to extend its remarketing strategy and enhanced customer experience through AmeriTrust Serves, creating an additional benefit for future lending partners and their independent lease and loan portfolios. The goal is to provide lending partners with a comprehensive servicing and remarketing solution that supports customers from lease origination through vehicle return and disposition.

By integrating customer experience, dealer relationships, servicing, and remarketing into a single strategy, AmeriTrust Auto has developed an efficient, and customer-focused approach to the complete lease lifecycle."

About AmeriTrust Financial Technologies Inc.

AmeriTrust Financial Technologies Inc., listed on the TSX Venture Exchange, OTCQB, and Frankfurt markets, is a finance solution and fintech provider disrupting the automotive industry. AmeriTrust's integrated, cloud-based transaction platform facilitates transactions amongst consumers, dealers, and funders. AmeriTrust's platform is being made available across the United States.

For further information, please visit the AmeriTrust website or contact:

Shibu Abraham
Chief Financial Officer and Director
E: [email protected]
P: 1-800-600-6872

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, the intention to grow the business, operations, and existing and potential activities of the Company, future prospects of the Company, the ability of the Company to execute on its business plan and the anticipated benefits of the Company's business plan, negotiations with potential funding partners and the ability of the Company to secure additional funding, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

SOURCE: AmeriTrust Financial Technologies Inc.

BIP Wealth LLC bought a new stake in American Tower Corporation (NYSE: AMT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,137 shares of the real estate investment trust's stock, valued at approximately $1,004,000. Several other institutional investors and hedge funds have

Investors in American Tower Corporation (AMT - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan. 15, 2027 $90.00 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for American Tower shares, but what is the fundamental picture for the company? Currently, American Tower is a Zacks Rank #3 (Hold) in the REIT and Equity Trust - Other industry that ranks in the Top 33% of our Zacks Industry Rank. Over the last 60 days, one analyst has increased the earnings estimate for the current quarter, while two have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $2.81 per share to $2.82 in that period.

Given the way analysts feel about American Tower right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

American Tower Corporation (AMT) Presents at TD Cowen 12th Annual Communications Infrastructure Summit Transcript

Vancouver, British Columbia--(Newsfile Corp. - August 11, 2026) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to announce the completion of a 21.3 line-kilometre Controlled-Source Audio Magnetotellurics ("CSAMT") and natural source (AMT) geophysical survey at the Mizobe Project in Kyushu, Japan.

The completed CSAMT/AMT survey has provided comprehensive subsurface resistivity imaging across the project and represents the next phase of exploration at the Mizobe Project.

The CSAMT/AMT survey results have been integrated with recently completed gravity and magnetic inversion models, structural interpretations, and results from the Company's 2023 and 2025 drilling programs to generate a refined geological model of the Mizobe Project. The resulting geological model has significantly improved the Company's understanding of the geological framework, including structures and potential hydrothermal fluid pathways associated with gold mineralization beneath post-mineral volcanic cover.

This enhanced geological model provides a strong foundation for the next phase of exploration and will be used to refine existing targets, identify additional high-priority drill targets, and finalize a multi-target drill program to systematically test the most prospective zones for concealed epithermal gold mineralization.

The Mizobe Project is a key exploration priority for the Company and is located approximately 23 kilometres south of the world-class Hishikari Mine, where more than 8.76 Moz of gold have been produced since 1985 by Sumitomo Metal Mining Co., Ltd.[1]

Previous drilling has confirmed significant hydrothermal alteration and gold mineralization beneath post-mineral volcanic cover, supporting the Company's interpretation of a concealed epithermal gold system. Results include an intercept of 10.0 metres grading 4.27 g/t gold from 122.75 metres in drill hole MZDD23-003 (see news release dated June 28, 2023).

Figure 1: Map of the Mizobe Project showing the location of the recently completed 21.3 line-kilometre CSAMT/AMT survey grid.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5665/308993_2043cc74847b2b78_001full.jpg

Qualified Person

The technical information in this news release has been reviewed and approved by Japan Gold's Vice President of Exploration, Jason Letto, B.Sc., P.Geo., who is a Qualified Person as defined by National Instrument 43-101.

About Japan Gold Corp.

Japan Gold Corp. is a Canadian mineral company focused on the exploration and discovery of high-grade epithermal gold deposits across the main islands of Japan. The Company holds a significant portfolio of tenements covering areas with known gold occurrences, history of mining and prospective for high-grade epithermal gold mineralization in one of the most stable and under explored countries in the world. The Japan Gold leadership and operational team of geologists, drillers and technical advisors have extensive experience exploring and operating in Japan and have a track record of discoveries world-wide.

On behalf of the Board of Japan Gold Corp.
John Proust
Chairman & CEO

For further information, please contact:
Alexia Helgason
Vice President, Corporate Communications
Phone: +1(604) 417-1265
Email: [email protected]

Cautionary Note

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to expected or anticipated future events, including the results of the geophysical survey. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, general economic, market and business conditions, the stability of the financial and capital markets; the timing and granting of prospecting rights; the Company's ability to convert prospecting rights into digging rights within the timeframe prescribed by the Mining Act; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable laws.

[1] Sumitomo Metal Mining Co., LTD. Integrated Report, September 2025

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308993

Source: Japan Gold Corp.

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

American Tower (AMT - Free Report) closed the last trading session at $168.07, gaining 1.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $213.96 indicates a 27.3% upside potential.

The mean estimate comprises 24 short-term price targets with a standard deviation of $19.54. While the lowest estimate of $178.00 indicates a 5.9% increase from the current price level, the most optimistic analyst expects the stock to surge 54.7% to reach $260.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.

But, for AMT, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Here's Why There Could be Plenty of Upside Left in AMTAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

The Zacks Consensus Estimate for the current year has increased 1.1% over the past month, as two estimates have gone higher compared to no negative revision.

Moreover, AMT currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much AMT could gain, the direction of price movement it implies does appear to be a good guide.

16.04K Followers

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The analysis is provided exclusively for informational purposes and should not be considered professional investment advice. Before investing, please conduct personal in-depth research and utmost due diligence, as there are many risks associated with the trade, including capital loss.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

1.6K Followers

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Past performance is not an indicator of future performance. This post is illustrative and educational and is not a specific offer of products or services or financial advice. Information in this article is not an offer to buy or sell or a solicitation of any offer to buy or sell the securities mentioned herein. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

American Tower Corporation (AMT) Q2 2026 Earnings Call Transcript

Key Takeaways American Tower matched Q2 AFFO estimates as revenues rose 4.7% and topped consensus on property growth.AMT posted 13.4% data center revenue growth and raised its 2026 property revenue outlook midpoint.American Tower generated stronger cash flow and expects about 15% data center revenue growth in 2026. American Tower Corporation (AMT - Free Report) reported second-quarter 2026 adjusted funds from operations (AFFO) per share of $2.71, matching the Zacks Consensus Estimate. The metric increased 4.2% from the year-ago quarter.

Total revenues rose 4.7% year over year to $2.75 billion, surpassing the consensus mark by 1.4%. Results benefited from higher property revenues, robust global leasing activity and continued data center growth.

In response to the above results, AMT shares were trading close to 6% higher in the early hours of today’s market session.

AMT’s Property Portfolio Drives Revenue GrowthTotal property revenues increased 6.3% year over year to $2.69 billion. Property operations remained the company’s primary growth engine, supported by tower leasing demand and expansion across its data center platform.

Total tenant billings grew 2.4%, while organic tenant billings rose by $34 million. Property gross margin expanded 4.9% to $1.98 billion, with the property gross margin standing at 73.7%.

American Tower Benefits From Data Center DemandData center revenues increased 13.4% year over year to $297 million. Cash revenues jumped 12.3%, reflecting healthy customer demand and strong leasing activity at CoreSite.

Management highlighted record leasing activity in the business. The company now expects data center property revenue growth of 14.9% at the midpoint of its updated 2026 outlook, indicating faster growth than anticipated earlier in the year.

AMT Posts Broad Regional Leasing TrendsOrganic tenant billings growth, excluding the impact of DISH churn, was approximately 4% globally. Africa & APAC delivered a 10.6% rise, while Europe recorded an increase of 4.1%.

U.S. & Canada organic tenant billings grew 0.7% on a reported basis but were approximately 5% when excluding DISH churn. Latin America declined 2.4%, reflecting softer tenant billing trends in the region.

AMT Generates Strong Cash FlowCash provided by operating activities increased 16% year over year to $1.49 billion. After total cash capital expenditures of $329 million, free cash flow climbed 19.6% to $1.16 billion.

The company declared a quarterly distribution of $1.79 per share, up 5.3% from the prior-year period. It also repurchased approximately 0.1 million shares for about $19 million during the quarter.

American Tower Maintains Financial FlexibilityAmerican Tower ended June with net debt of $35.43 billion, resulting in a net leverage ratio of 4.9 times annualized adjusted EBITDA.

Total liquidity stood at approximately $9.9 billion. This included nearly $1.8 billion in cash and roughly $8.2 billion available under revolving credit facilities, net of outstanding letters of credit.

AMT Raises Its 2026 OutlookAmerican Tower raised the midpoint of its full-year property revenue outlook by $110 million. Property revenues are now projected between $10.70 billion and $10.85 billion, implying 4.5% growth at the midpoint. AFFO per share is projected between $11 and $11.17. The Zacks consensus estimate is pinned at $10.97, which lies below the projected range.

The updated outlook reflects favorable currency movements, data center outperformance and one-time expense benefits. The company also expects approximately 1% organic tenant billings growth, or roughly 4%, excluding DISH churn, along with about 15% data center revenue growth.

AMT’s Zacks RankAmerican Tower currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other REITsDigital Realty Trust (DLR - Free Report) reported second-quarter 2026 core FFO per share, excluding net promote, of $2.13, up 13.9% from a year ago. The figure surpassed the Zacks Consensus Estimate by 7.6%. Strong bookings, a record backlog and sharp renewal rent increases supported the quarter.

Prologis (PLD - Free Report) reported second-quarter 2026 core FFO per share of $1.63, outpacing the Zacks Consensus Estimate of $1.53. Results reflected strengthening demand, disciplined execution and expanding capabilities across logistics, data centers and energy.

Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.

Posted by Defense World Staff on Jul 26th, 2026

Bank of Nova Scotia lifted its position in shares of American Tower Corporation (NYSE:AMT – Free Report) by 30.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,742 shares of the real estate investment trust’s stock after purchasing an additional 32,897 shares during the period. Bank of Nova Scotia’s holdings in American Tower were worth $24,462,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Riverwater Partners LLC grew its stake in American Tower by 3.8% during the 4th quarter. Riverwater Partners LLC now owns 1,536 shares of the real estate investment trust’s stock worth $270,000 after buying an additional 56 shares during the last quarter. Triumph Capital Management lifted its stake in American Tower by 37.3% in the fourth quarter. Triumph Capital Management now owns 206 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 56 shares during the last quarter. Personal CFO Solutions LLC boosted its holdings in shares of American Tower by 3.5% in the fourth quarter. Personal CFO Solutions LLC now owns 1,667 shares of the real estate investment trust’s stock valued at $293,000 after acquiring an additional 57 shares during the period. Twin City Private Wealth LLC grew its position in shares of American Tower by 0.7% during the fourth quarter. Twin City Private Wealth LLC now owns 7,799 shares of the real estate investment trust’s stock worth $1,382,000 after acquiring an additional 58 shares during the last quarter. Finally, Asset Advisory Group Inc. grew its position in shares of American Tower by 3.0% during the first quarter. Asset Advisory Group Inc. now owns 2,072 shares of the real estate investment trust’s stock worth $358,000 after acquiring an additional 60 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

American Tower Stock Performance NYSE:AMT opened at $166.66 on Friday. The firm’s fifty day moving average price is $176.77 and its 200 day moving average price is $178.35. American Tower Corporation has a 1-year low of $160.06 and a 1-year high of $231.54. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market cap of $77.65 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 0.70 and a beta of 0.91.

American Tower (NYSE:AMT – Get Free Report) last announced its quarterly earnings data 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 net margin of 26.81% and a return on equity of 27.79%. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the company posted $2.75 EPS. American Tower’s revenue was up 6.8% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, sell-side analysts expect that American Tower Corporation will post 10.66 EPS for the current year.

American Tower Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Friday, June 12th were issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, June 12th. American Tower’s dividend payout ratio is currently 115.67%.

Analyst Upgrades and Downgrades Several analysts recently commented on AMT shares. JPMorgan Chase & Co. reduced their price target on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Citizens Jmp reissued a “market outperform” rating and set a $260.00 price objective on shares of American Tower in a research report on Wednesday, April 29th. Wolfe Research upgraded shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price objective on the stock in a research note on Wednesday, July 8th. Sanford C. Bernstein upgraded shares of American Tower from a “market perform” rating to an “outperform” rating and set a $207.00 target price for the company in a research note on Tuesday, May 19th. Finally, Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, American Tower has a consensus rating of “Moderate Buy” and a consensus price target of $215.57.

Check Out Our Latest Research Report on American Tower

Insider Transactions at American Tower In related news, EVP Ruth T. Dowling sold 556 shares of the firm’s 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 $5,332,446.96. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by corporate insiders.

American Tower Profile (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.

Recommended Stories Five stocks we like better than American Tower Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding AMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Tower Corporation (NYSE:AMT – Free Report).

Receive News & Ratings for American Tower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Tower and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEBank of New York Mellon Corp Sells 12,667 Shares of Glaukos Corporation $GKOS

NEXT HEADLINE »Bank of New York Mellon Corp Decreases Stock Holdings in Radian Group Inc. $RDN

Wall Street analysts forecast that American Tower (AMT - Free Report) will report quarterly earnings of $2.71 per share in its upcoming release, pointing to a year-over-year increase of 4.2%. It is anticipated that revenues will amount to $2.71 billion, exhibiting an increase of 3.1% compared to the year-ago quarter.

Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

Given this perspective, it's time to examine the average forecasts of specific American Tower metrics that are routinely monitored and predicted by Wall Street analysts.

The collective assessment of analysts points to an estimated 'Total operating revenues- Data Centers' of $294.65 million. The estimate indicates a change of +12.5% from the prior-year quarter.

The average prediction of analysts places 'Total operating revenues- Services' at $64.88 million. The estimate indicates a change of -35.1% from the prior-year quarter.

Based on the collective assessment of analysts, 'Total operating revenues- Total Property' should arrive at $2.65 billion. The estimate indicates a change of +4.8% from the prior-year quarter.

The combined assessment of analysts suggests that 'Geographic Revenues- Total International' will likely reach $1.09 billion. The estimate points to a change of +13.3% from the year-ago quarter.

According to the collective judgment of analysts, 'Geographic Revenues- U.S. & Canada' should come in at $1.27 billion. The estimate indicates a year-over-year change of -3%.

The consensus estimate for 'Geographic Revenues- Latin America' stands at $429.34 million. The estimate suggests a change of +10.4% year over year.

Analysts' assessment points toward 'Geographic Revenues- Europe' reaching $252.39 million. The estimate suggests a change of +8.3% year over year.

It is projected by analysts that the 'U.S. & Canada - Ending Balance' will reach 41,766 . Compared to the current estimate, the company reported 41,843 in the same quarter of the previous year.

The consensus among analysts is that 'Total - Ending Balance' will reach 149,255 . Compared to the present estimate, the company reported 148,797 in the same quarter last year.

Analysts predict that the 'Organic Tenant Billings Growth - Total International' will reach 2.9%. The estimate compares to the year-ago value of 6.5%.

Analysts forecast 'Organic Tenant Billings Growth - U.S. & Canada' to reach 0.5%. Compared to the current estimate, the company reported 3.7% in the same quarter of the previous year.

Analysts expect 'International - Ending Balance' to come in at 107,633 . The estimate compares to the year-ago value of 106,954 .

View all Key Company Metrics for American Tower here>>>

American Tower shares have witnessed a change of -4.8% in the past month, in contrast to the Zacks S&P 500 composite's +0.4% move. With a Zacks Rank #3 (Hold), AMT is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Posted by Defense World Staff on Jul 23rd, 2026

American Tower Corporation (NYSE:AMT – Get Free Report) has earned a consensus rating of “Moderate Buy” from the twenty-one research firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $215.5714.

Several equities analysts have weighed in on the company. Raymond James Financial reaffirmed a “strong-buy” rating and set a $240.00 target price on shares of American Tower in a research note on Wednesday, April 29th. The Goldman Sachs Group started coverage on shares of American Tower in a research report on Friday, June 26th. They issued a “buy” rating and a $215.00 price target for the company. Mizuho upgraded shares of American Tower from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $189.00 to $205.00 in a report on Wednesday, April 15th. Jefferies Financial Group boosted their price objective on shares of American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Finally, Royal Bank Of Canada upgraded shares of American Tower from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $195.00 to $205.00 in a research note on Friday, June 26th.

View Our Latest Stock Report on AMT

American Tower Stock Performance Shares of American Tower stock opened at $166.24 on Thursday. American Tower has a 12 month low of $160.06 and a 12 month high of $234.33. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. The stock has a market cap of $77.45 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 0.68 and a beta of 0.91. The business has a fifty day simple moving average of $176.97 and a 200-day simple moving average of $178.50.

American Tower (NYSE:AMT – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share for the quarter, beating the consensus estimate of $1.60 by $1.24. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.American Tower’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, sell-side analysts anticipate that American Tower will post 10.66 EPS for the current fiscal year.

American Tower Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Friday, June 12th were issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, June 12th. American Tower’s payout ratio is currently 115.67%.

Insider Buying and Selling at American Tower In related news, EVP Ruth T. Dowling sold 556 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $178.48, for a total transaction of $99,234.88. Following the completion of the sale, the executive vice president directly owned 29,877 shares in the company, valued at approximately $5,332,446.96. This trade represents a 1.83% decrease in their ownership of the stock. The sale 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. Company insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows Several hedge funds have recently bought and sold shares of the company. Brighton Jones LLC raised 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 valued at $727,000 after acquiring an additional 2,104 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in American Tower by 34.3% in the second quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock valued at $319,000 after acquiring an additional 368 shares during the last quarter. United Bank grew its position in American Tower by 12.7% in the second quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock worth $1,434,000 after acquiring an additional 733 shares in the last quarter. Treasurer of the State of North Carolina grew its position in American Tower by 2.2% in the second 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 acquiring an additional 4,778 shares in the last quarter. Finally, Ieq Capital LLC increased its stake in shares of American Tower by 52.2% during the 2nd quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust’s stock worth $7,570,000 after purchasing an additional 11,751 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

American Tower Company Profile (Get 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.

Recommended Stories Five stocks we like better than American Tower Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

Receive News & Ratings for American Tower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Tower and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINECriteo S.A. (NASDAQ:CRTO) Given Average Rating of “Moderate Buy” by Analysts

NEXT HEADLINE »Domino’s Pizza Inc (NASDAQ:DPZ) Receives Consensus Rating of “Moderate Buy” from Analysts

Cantillon Capital Management LLC lowered its position in American Tower Corporation (NYSE: AMT) by 11.9% during the undefined quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,612,473 shares of the real estate investment trust's stock after selling 218,052 shares during the period.

American Tower (AMT - Free Report) closed the most recent trading day at $168.59, moving +2.18% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.42%. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq appreciated by 0.29%.

Shares of the wireless communications infrastructure company have depreciated by 12.84% over the course of the past month, underperforming the Finance sector's gain of 4.33%, and the S&P 500's gain of 2.2%.

The investment community will be paying close attention to the earnings performance of American Tower in its upcoming release. The company is slated to reveal its earnings on July 28, 2026. The company is predicted to post an EPS of $2.71, indicating a 4.23% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $2.71 billion, indicating a 3.09% upward movement from the same quarter last year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $10.97 per share and a revenue of $10.91 billion, signifying shifts of +1.95% and +2.53%, respectively, from the last year.

Investors should also take note of any recent adjustments to analyst estimates for American Tower. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, American Tower holds a Zacks Rank of #3 (Hold).

Looking at valuation, American Tower is presently trading at a Forward P/E ratio of 15.04. This expresses a premium compared to the average Forward P/E of 13.1 of its industry.

We can additionally observe that AMT currently boasts a PEG ratio of 0.67. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the REIT and Equity Trust - Other industry had an average PEG ratio of 2.26.

The REIT and Equity Trust - Other industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 66, finds itself in the top 27% echelons of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

In the latest close session, American Tower (AMT - Free Report) was up +1.53% at $166.08. The stock's change was more than the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.66%.

The wireless communications infrastructure company's shares have seen a decrease of 11.84% over the last month, not keeping up with the Finance sector's gain of 2.72% and the S&P 500's loss of 1.21%.

The upcoming earnings release of American Tower will be of great interest to investors. The company's earnings report is expected on July 28, 2026. On that day, American Tower is projected to report earnings of $2.69 per share, which would represent year-over-year growth of 3.46%. In the meantime, our current consensus estimate forecasts the revenue to be $2.71 billion, indicating a 3.09% growth compared to the corresponding quarter of the prior year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $10.97 per share and revenue of $10.91 billion. These totals would mark changes of +1.95% and +2.53%, respectively, from last year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for American Tower. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. American Tower presently features a Zacks Rank of #3 (Hold).

In the context of valuation, American Tower is at present trading with a Forward P/E ratio of 14.91. This denotes a premium relative to the industry average Forward P/E of 13.08.

We can additionally observe that AMT currently boasts a PEG ratio of 0.66. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the REIT and Equity Trust - Other industry had an average PEG ratio of 2.56.

The REIT and Equity Trust - Other industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 58, positioning it in the top 24% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

American Tower Corporation remains a high-quality industry leader with steady revenue and cash flow growth, warranting a continued 'Buy' rating. AMT's international tower portfolio and expanding U.S. data center business drive robust top-line growth, with Q1 2026 revenue up 6.8% year-over-year. Management guides for property revenue of $10.66 billion and adjusted FFO of $5.09–$5.17 billion in 2026, reflecting increased investment and operational momentum.

American Tower (AMT) was a big mover last session on higher-than-average trading volume. The latest trend in FFO estimate revisions might not help the stock continue moving higher in the near term.

American Tower (AMT - Free Report) ended the recent trading session at $168.72, demonstrating a -3.29% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.01% for the day. On the other hand, the Dow registered a gain of 0.14%, and the technology-centric Nasdaq decreased by 0.46%.

Heading into today, shares of the wireless communications infrastructure company had lost 5.69% over the past month, lagging the Finance sector's gain of 2.29% and the S&P 500's loss of 1.4%.

Market participants will be closely following the financial results of American Tower in its upcoming release. The company is forecasted to report an EPS of $2.69, showcasing a 3.46% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.71 billion, indicating a 3.09% increase compared to the same quarter of the previous year.

AMT's full-year Zacks Consensus Estimates are calling for earnings of $10.97 per share and revenue of $10.91 billion. These results would represent year-over-year changes of +1.95% and +2.53%, respectively.

It is also important to note the recent changes to analyst estimates for American Tower. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. American Tower is currently a Zacks Rank #3 (Hold).

From a valuation perspective, American Tower is currently exchanging hands at a Forward P/E ratio of 15.9. This expresses a premium compared to the average Forward P/E of 13.2 of its industry.

Also, we should mention that AMT has a PEG ratio of 0.71. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The REIT and Equity Trust - Other industry had an average PEG ratio of 2.49 as trading concluded yesterday.

The REIT and Equity Trust - Other industry is part of the Finance sector. With its current Zacks Industry Rank of 82, this industry ranks in the top 34% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

© hxdbzxy / Shutterstock.com

Wall Street fixates on Kevin Warsh’s first FOMC meeting as Fed Chair, but retirees holding income stocks need a longer horizon than the next rate decision. American Tower (NYSE:AMT | AMT Price Prediction) owns the cell towers and CoreSite data centers that route mobile, cloud, and AI traffic, and management says the business is now in its strongest strategic position in more than a decade. The question is whether the dividend outlasts Fed noise.

A 3.71% Yield Backed by Long-Term Leases At $181.09, AMT yields 3.71%, a meaningful premium to the 4.49% 10-year Treasury once you factor in dividend growth.

Metric Value Annual Dividend (run-rate) $7.16 Dividend Yield 3.71% Most Recent Increase +5.3% (March 2026) Dividend Aristocrat/King No Streak Note Paused growth in 2023, resumed 2024 AFFO Covers the Payout With Room to Spare AMT guided 2026 AFFO per share to $10.90 to $11.07. Against the $7.16 run-rate dividend, that is roughly a 65% AFFO payout ratio, the metric REIT investors underwrite. GAAP EPS understates coverage because of heavy depreciation on towers.

Metric Value Assessment AFFO Payout Ratio ~65% Healthy FCF Payout Ratio ~89% Elevated OCF Coverage 1.6x Adequate Earnings Payout >100% (GAAP) Normal for REITs The company paid roughly $3.35 billion in dividends against $3.74 billion of 2025 free cash flow. Rising AFFO and easing capex should widen the gap.

Leverage Is Back in the Target Zone Metric Value Assessment Total Debt $37.3B High but laddered Net Debt / EBITDA 4.9x Elevated, improving Cash on Hand $1.61B Solid buffer Net leverage fell from 5.1x in Q2 2025 to 4.9x, the company’s stated target band. Combined with over $11 billion of liquidity, AMT has room to absorb refinancing at the current 4.49% 10-year without raiding the distribution.

The Streak Has a Scar, but the Trajectory Is Up Year Annual Dividend 2026 (run-rate) $7.16 2025 $6.80 2024 $6.48 2023 $6.45 2022 $5.86 AMT paused increases in 2023 to defend the balance sheet, then resumed. The pause is worth remembering even though it was not a cut.

Management’s Tone Is Confident and Measured CEO Steve Vondran told investors on the Q1 2026 call that “rising mobile data consumption, accelerating cloud adoption and the rapid expansion of AI-driven workloads all point toward sustained investment in high-quality digital infrastructure.” He also emphasized “disciplined capital allocation” heading into 2026. That language reads as a commitment to the payout without overpromising future raises.

Verdict: Safe, With One Eye on Leverage Dividend Safety Rating: Safe. A 65% AFFO payout, 1.6x operating cash flow coverage, and leverage back in the target band justify the rating. I would be comfortable owning AMT for income if the data center segment compounds at double-digit rates and net leverage drifts toward 4.5x. I would grow cautious if U.S. tower revenue stays negative beyond 2026 or if leverage backs above 5x as debt rolls at higher coupons. For now, the dividend suits retirees who prefer collecting checks to trading the FOMC.