MBL Wealth 13F: Adds $1.1M to American Tower (AMT) Stake
Key Points
- MBL Wealth boosted its stake in American Tower Corporation AMT by 415.1% during the period, adding 6,612 shares to reach a total of 8,205 shares worth about $1.34 million in an October 22, 2026 SEC filing.
- American Tower Corporation shares recently traded around $181.57, sitting above both their 50-day and 200-day moving averages as the company heads toward its October 27, 2026 earnings release.
- Wall Street analysts hold a consensus buy rating on the stock with a mean price target of $215.74, while institutional peers like Davenport and Robeco Institutional Asset Management also adjusted their holdings.
Since the filing, $AMT is up 4.1% to date (from the $181.57 close on Oct 22, 2026).
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MBL Wealth boosted its stake in American Tower Corporation NYSE:AMT by 415.1% during the period, according to a Form 13F filing with the SEC on October 22, 2026. The firm acquired an additional 6,612 shares to bring its total holdings to 8,205 shares. The reported value of the position stood at about $1.34 million at the time of the report.
AMT
American Tower Corporation
What Changed in MBL Wealth's American Tower Corporation Position
The firm expanded its footprint in the telecommunications real estate investment trust considerably, moving up from its previous holding of 1,593 shares. That 415.1% increase lifted the investment value past the $1.3 million mark, showing a stronger commitment to the tower operator.
Other Institutional Activity in American Tower Corporation
Other large funds also made adjustments to their positions in the company around the same time. Davenport grew its holdings by 214,884 shares, ending with 1,264,519 shares worth about $208.47 million. Robeco Institutional Asset Management B.V. lifted its position by 487,107 shares, finishing with 674,870 shares valued at approximately $110.47 million. True North Advisors opened a new position with 3,898 shares worth about $640,902. On the other hand, ASR Vermogensbeheer N.V. reduced its holdings by 167,091 shares, leaving it with 50,135 shares worth about $8.21 million. RMR Wealth Builders trimmed 6,086 shares to end with 2,361 shares valued at roughly $386,450.
American Tower Corporation Stock Up 2.2%
Shares closed at $181.57 on October 22, 2026. The stock recently traded at $181.57 as of October 24, 2026, which is about equal to its event-day close and sits above its 50-day moving average of $174.39 and its 200-day moving average of $176.98. The stock has traded between a 52-week low of $160.06 and a 52-week high of $196.08.
Recent Earnings
The company posted trailing twelve-month revenue of $10.94 billion alongside earnings of $7.27 per share. Its next earnings update is scheduled for October 27, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 target raises vs 2 cuts.
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EPS & revenue
EPS beat estimates by 13.6%. Revenue beat estimates by 2.0%.
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Profit surprise
EBITDA met by 2 percent. Operating income beat by 7 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 upgrade, 3 target raises, 2 target cuts.
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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
The company pays an annual dividend rate of $7.16 per share, giving it a dividend yield of 3.94% with a payout ratio of 96.0%.
Insider Buying and Selling at American Tower Corporation
Insiders completed several transactions earlier in the year. Ruth T. Dowling sold 972 shares on April 29, 2026, and later sold 1,791 shares on July 29, 2026, for a value of $309,641. Robert Joseph Meyer Jr. sold 5,000 shares on July 29, 2026, at an average price of $178.89, totaling about $894,450. Rajesh Kalathur bought 2,829 shares on August 21, 2026, at a price of $177.00 for a total value of $500,733.
Analysts Set New Price Targets
Analyst coverage includes several updates leading up to the filing. TD Cowen maintained its buy rating on July 29, 2026, raising its target from $225.00 to $227.00. Truist Securities reiterated a buy rating on August 12, 2026, adjusting its target from $208.00 to $207.00. Barclays upgraded the stock to overweight on August 20, 2026, raising its target to $198.00 from $195.00, and later maintained that rating on September 30, 2026, with a target of $199.00. Bernstein maintained an outperform rating on October 20, 2026, adjusting its target from $214.00 to $212.00. The stock holds a consensus buy rating from 23 analyst opinions, with a mean price target of $215.74.
About American Tower Corporation
American Tower Corporation operates as a real estate investment trust focused on communications infrastructure. The company owns, operates, and develops multitenant communications sites, including a large portfolio of towers and data center facilities that support wireless and broadcast communications.
Bottom Line
Investors will look to the upcoming earnings report on October 27, 2026, for fresh details on revenue and operational growth. Monitoring subsequent institutional disclosures will show if other funds follow MBL Wealth in expanding their positions.
Related Filing Alerts
Source: MBL Wealth's 13F filing on $AMT (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts