RMR Wealth Builders 13F: Cuts American Tower (AMT) Stake by $996K
Key Points
- RMR Wealth Builders reduced its American Tower Corporation holdings by 72.0% during the period, cutting 6,086 shares to end with 2,361 shares valued at $386,450.
- American Tower Corporation trades recently around $177.64, sitting below its 52-week high of $196.08 and offering a dividend yield of 3.91%.
- Analyst coverage shows a consensus buy rating with a mean price target of $215.74 across 23 tracked opinions.
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RMR Wealth Builders trimmed its position in American Tower Corporation (NYSE: AMT), according to a Form 13F filing with the U.S. Securities and Exchange Commission on October 22, 2026.
AMT
American Tower Corporation
Inside RMR Wealth Builders's American Tower Corporation Trade
The fund reduced its holdings in the specialty real estate investment trust by 6,086 shares, marking a 72.0% decrease during the period. That left the firm with 2,361 shares of American Tower Corporation. The remaining stake carried a reported value of $386,450 at the time of the filing.
Other Institutional Activity in American Tower Corporation
Other large investors adjusted their positions in the communications real estate company around the same time. ASR Vermogensbeheer N.V. cut its holdings by 167,091 shares, ending with 50,135 shares worth about $8,206,453. True North Advisors opened a new position, ending with 3,898 shares worth about $640,902. Robeco Institutional Asset Management B.V. grew its holdings by 487,107 shares, ending with 674,870 shares worth about $110,469,471. Cohen & Steers Inc. grew its holdings by 1,158,455 shares, ending with 13,777,789 shares worth about $2,501,633,249. Lazard Asset Management LLC grew its holdings by 1,076,948 shares, ending with 8,403,123 shares worth about $1,525,755,104.
American Tower Corporation Stock Down 2.9%
American Tower Corporation shares recently traded around $177.64, down about 2.2% from an event-day close of $181.57 on October 22, 2026. The stock sits below its 52-week high of $196.08.
Recent Earnings
The company reported trailing twelve month revenue of $10,941,500,416 alongside earnings of $7.27 per share. Next earnings are 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 firm pays an annual dividend rate of $7.16 per share, giving it a dividend yield of 3.91% based on recent trading levels.
Insider Buying and Selling at American Tower Corporation
Insiders executed several transactions prior to the filing. Ruth T Dowling disposed of 972 shares on April 29, 2026, totaling $173,092. Robert Joseph Meyer Jr disposed of 5,000 shares at $178.89 on July 29, 2026, for a total of $894,450. Ruth T Dowling disposed of 1,791 shares on July 29, 2026, totaling $309,641. Rajesh Kalathur acquired 2,829 shares at $177.0 on August 21, 2026, totaling $500,733.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. On July 29, 2026, TD Cowen maintains the stock with a Buy rating and a $227.0 price target, moving from $225.0. On August 12, 2026, Truist Securities reiterates the stock with a Buy rating and a $207.0 price target, moving from $208.0. On August 20, 2026, Barclays upgrade the stock with an Overweight rating and a $198.0 price target, moving from $195.0. On September 30, 2026, Barclays maintains the stock with an Overweight rating and a $199.0 price target, moving from $198.0. On October 20, 2026, Bernstein maintains the stock with an Outperform rating and a $212.0 price target, moving from $214.0. Consensus ratings stand at a buy with 23 analyst opinions.
About American Tower Corporation
American Tower Corporation operates as a global real estate investment trust, managing a massive portfolio of communications sites and data center facilities that support wireless networks and digital infrastructure. Institutional shifts in its shares offer insight into how large portfolios manage exposure to the telecom real estate sector.
Bottom Line
Investors will look toward the upcoming earnings release on October 27, 2026, for further operational updates. Future regulatory filings will show whether other funds follow RMR Wealth Builders in reducing exposure.
Related Filing Alerts
Source: RMR Wealth Builders'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