Payden & Rygel Decreases Holdings in American Tower Corporation $AMT

2026-03-07 13:29:20

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Payden & Rygel significantly reduced its stake in American Tower Corporation (NYSE:AMT) by 86.6% in the third quarter, selling 30,400 shares and now owning 4,700 shares valued at $904,000. Despite this, several other institutional investors, including Vanguard Group Inc., JPMorgan Chase & Co., Invesco Ltd., Norges Bank, and Charles Schwab Investment Management Inc., increased their holdings in the real estate investment trust. Analysts have a “Moderate Buy” consensus rating for American Tower with an average price target of $218.79.

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