Amundi 13F: Adds $126M to American Tower (AMT) Stake
Amundi added 663,976 shares of American Tower Corporation in its recent reporting period, growing its total position to 3,830,533 shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
Amundi added 663,976 shares to its stake in American Tower Corporation ($AMT), a 20.97% increase, according to a 13F filing with the SEC dated May 18, 2026. It reported 3,830,533 shares worth $725.08 million at the end of the quarter.
Since the filing, $AMT is up 4.3% after 1 week, up 3.1% after 1 month and up 6.6% to date (from the $173.73 close on May 18, 2026).
AMT
American Tower Corporation
Key Points
- Amundi lifted its position in American Tower Corporation NYSE:AMT by 20.9% during the reporting period, purchasing 663,976 additional shares.
- The fund's total stake reached 3,830,533 shares with an estimated value of $725.1 million based on the filing.
- Wall Street analysts maintain a consensus buy rating on the real estate investment trust with a mean price target of $215.70.
Get $AMT trade alerts by text
We text you when insiders, Congress or big funds trade $AMT. Free.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated American Tower Corporation alert may contain errors. Disclosures
Amundi Expands Holding in American Tower Corporation
Institutional investor Amundi grew its position in American Tower Corporation NYSE:AMT by adding 663,976 shares during the period, according to a Form 13F filing with the U.S. Securities and Exchange Commission. The purchase brought the fund's total ownership to 3,830,533 shares.
Details of the 20.9% Share Increase
The transaction marked a 20.9% increase in Amundi's holdings of the communications real estate firm. Based on the reported period figures, the expanded stake carried an estimated total value of $725.1 million. Because Form 13F filings look backward at portfolio holdings from the close of the reporting quarter, this report reflects past positioning and may not capture any trades made since that date.
Stock Performance and Market Context
American Tower shares recently traded near $189.29, positioning the company within its broader 52-week trading span. The real estate investment trust operates a large portfolio of communication sites and data center facilities globally.
Recent Earnings Results
American Tower reported strong financial metrics over the trailing period, generating $10.94 billion in total revenue alongside a revenue growth rate of 4.7%. The firm posted earnings of $7.27 per share, supported by a net margin of 31.1% and a return on equity of 33.9%. Investors can look toward the next scheduled earnings report on October 27, 2026, for updated financial results.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
3 target raises vs 2 cuts.
-
EPS & revenue
EPS beat estimates by 13.6%. Revenue beat estimates by 2.0%.
-
Profit surprise
EBITDA met by 2 percent. Operating income beat by 7 percent.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
1 upgrade, 3 target raises, 2 target cuts.
-
Earnings quality
Gross margin down 1.3 points. Operating margin down 6.5 points. Positive free cash flow.
Earnings Call Summary
American Tower had a strong first quarter with reported revenue of $2.74 billion, beating consensus by about $53 million, and earnings per share of $2.84 versus consensus of $2.50. Organic growth excluding DISH churn was 4 percent in towers and 17 percent in the CoreSite data center business, driven by growing mobile data demand, AI workload expansion and a major inflection in interconnection activity. Management emphasized that structural tailwinds including 5G densification, eventual 6G deployment, and AI-driven infrastructure needs position the company well for mid to upper single-digit annual growth going forward.
Guidance Management raised full year property revenue guidance by about $145 million to approximately $10.9 billion, driven by foreign exchange tailwinds and accelerated straight-line revenue. They expect organic tenant billings growth around 4 percent when excluding one-time DISH churn, plus data center growth of about 13 percent. They reaffirmed attributable AFFO per share growth expectations in the mid to upper single-digit range over the long term.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Dividend Payouts for Shareholders
Income-focused investors receive an annual dividend rate of $6.98 per share from American Tower, translating to a dividend yield of 4.01%. The company maintains a dividend payout ratio of 96.0%.
Analysts Set New Price Targets
Wall Street firms have continued updating their outlooks on the stock. On September 30, 2026, Barclays maintained an overweight rating and set a $199.0 target, following an earlier adjustment to $198.0 on August 20, 2026. Truist Securities reiterated a buy rating on August 12, 2026, with a target of $207.0. TD Cowen maintained a buy rating on July 29, 2026, with a $227.0 target, while BMO Capital maintained a market perform rating and a $195.0 target on the same day. Wolfe Research upgraded the stock to outperform on July 9, 2026, with an $188.0 target, and RBC Capital upgraded its rating to outperform with a $205.0 target on June 26, 2026. Overall, the stock carries a consensus buy rating from 23 analyst opinions with a mean target price of $215.70.
Overview of American Tower Corporation
American Tower Corporation functions as a real estate investment trust, owning and operating multitenant communications real estate. The company operates a network of communications sites and data center properties across the United States and international markets.
What to Watch at AMT
Market participants tracking American Tower will monitor subsequent institutional filings and upcoming quarterly results. The scheduled earnings release on October 27, 2026, will provide further clarity on the company's financial trajectory.
Related Filing Alerts
Source: Amundi's 13F filing on $AMT (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Amundi 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts