<div id="readability-page-1"><p>Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of  American Tower Corporation (NYSE:AMT - Free Report) by 12.6% during the 1st quarter, according to its most recent 13F filing with the Securities &amp; Exchange Commission. The firm owned 831,935 shares of the real estate investment trust's stock after purchasing an additional 93,255 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.18% of American Tower worth $181,029,000 as of its most recent filing with the Securities &amp; Exchange Commission.</p><ul><li>3 Stocks Riding the AI Data Center Buildout Wave</li></ul><p>Several other institutional investors also recently bought and sold shares of AMT. Maryland State Retirement &amp; Pension System lifted its stake in  American Tower by 1.9% in the first quarter. Maryland State Retirement &amp; Pension System now owns 418,124 shares of the real estate investment trust's stock worth $90,984,000 after acquiring an additional 7,595 shares during the period.  Evernest Financial Advisors LLC boosted its position in  American Tower by 16.0% during the first quarter. Evernest Financial Advisors LLC now owns 1,569 shares of the real estate investment trust's stock valued at $341,000 after purchasing an additional 216 shares in the last quarter.  Altfest L J &amp; Co. Inc. grew its stake in  American Tower by 42.0% in the first quarter. Altfest L J &amp; Co. Inc. now owns 6,074 shares of the real estate investment trust's stock valued at $1,322,000 after purchasing an additional 1,796 shares during the last quarter.  Deutsche Bank AG raised its holdings in  American Tower by 4.0% in the first quarter. Deutsche Bank AG now owns 7,383,368 shares of the real estate investment trust's stock worth $1,606,621,000 after purchasing an additional 285,195 shares in the last quarter.  Finally, Commonwealth Financial Services LLC purchased a new stake in shares of  American Tower during the first quarter valued at about $217,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors. </p><div><p><span></span><span>Get <strong>American Tower</strong> alerts:</span></p></div><h2>Insider Activity at American Tower</h2><p>In related news, CEO Juan Font sold 720 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $208.33, for a total value of $149,997.60. Following the completion of the transaction, the chief executive officer owned 23,425 shares of the company's stock, valued at approximately $4,880,130.25. This represents a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is owned by company insiders. </p><h2>Analyst Ratings Changes</h2><ul><li>Insiders Chase Income and Stability in American Tower—Here’s Why</li></ul><p>A number of brokerages have recently issued reports on AMT. Wells Fargo &amp; Company cut their price objective on shares of American Tower from $240.00 to $230.00 and set an &#34;overweight&#34; rating on the stock in a research report on Wednesday, July 30th. JMP Securities upped their price target on American Tower from $248.00 to $260.00 and gave the stock a &#34;market outperform&#34; rating in a research report on Wednesday, April 30th. Barclays increased their price objective on American Tower from $223.00 to $246.00 and gave the company an &#34;overweight&#34; rating in a report on Wednesday, July 23rd. UBS Group boosted their target price on American Tower from $250.00 to $260.00 and gave the stock a &#34;buy&#34; rating in a research note on Tuesday, July 8th. Finally, BMO Capital Markets  reiterated an &#34;outperform&#34; rating and issued a $245.00 price target (down from $250.00) on shares of American Tower in a research note on Wednesday, July 30th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued  a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $243.88.</p><p><b>Check Out Our Latest Report on AMT</b></p><h2>American Tower Stock Performance</h2><ul><li>3 AI ETFs Tapping Into the Heart of the AI Revolution</li></ul><p>Shares of AMT stock opened at $209.97 on Friday. American Tower Corporation has a 52-week low of $172.51 and a 52-week high of $243.56. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 3.36. The stock has a market cap of $98.29 billion, a PE ratio of 76.35, a price-to-earnings-growth ratio of 1.19 and a beta of 0.82. The business has a 50-day simple moving average of $218.53 and a 200-day simple moving average of $210.94. </p><p>American Tower (NYSE:AMT - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $2.60 EPS for the quarter, topping the consensus estimate of $2.59 by $0.01. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.58 billion. American Tower had a return on equity of 24.85% and a net margin of 12.60%. The business's quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.79 EPS.  On average, equities analysts expect that  American Tower Corporation will post 10.14 EPS for the current year. </p><h2>American Tower Announces Dividend</h2><p>The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 13th were given a dividend of $1.70 per share. The ex-dividend date was Friday, June 13th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.2%. American Tower's dividend payout ratio (DPR) is 247.27%. </p><h2>American Tower Profile</h2> (Free Report)<p>American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities. </p><h2>Featured Articles</h2><ul><li>Five stocks we like better than American Tower</li><li>Special Purpose Acquisition Company (SPAC) What You Need to Know </li><li>Why Monolithic Power's Earnings and Guidance Ignited a Rally</li><li>Short Selling - The Pros and Cons </li><li>AppLovin’s Q2 Miss Spooks Market, But Wall Street Doubles Down</li><li>How to Invest in the Best Canadian Stocks </li><li>Microsoft Stock Gains as Analysts Boost Price Targets</li></ul><p><strong>Want to see what other hedge funds are holding AMT?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Tower Corporation (NYSE:AMT - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFNVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFNVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in American Tower Right Now?</h2><p>Before you consider American Tower, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Tower wasn't on the list.</p><p>While American Tower currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in American Tower Corporation (NYSE:AMT) by 12.6% in Q1, owning 831,935 shares valued at $181 million. Other institutional investors also raised their stakes. CEO Juan Font sold 720 shares, reducing his position by 2.98%. Analysts have mixed ratings on AMT, with a consensus price target of $243.88. AMT shares opened at $209.97, with a 52-week range of $172.51 to $243.56.</p>

Mitsubishi UFJ Asset Management Co. Ltd. Increases Holdings in American Tower Corporation (NYSE:AMT)