Quantbot Technologies LP Decreases Holdings in American Tower Corporation $AMT

Quantbot Technologies LP trimmed its position in shares of American Tower Corporation (NYSE:AMT) by 23.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,771 shares of the real estate investment trust’s stock after selling 10,659 shares during the quarter. Quantbot Technologies LP’s holdings in American Tower were worth $5,851,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Oakworth Capital Inc. boosted its position in shares of American Tower by 90.7% in the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 68 shares in the last quarter. Swiss RE Ltd. purchased a new position in American Tower during the 4th quarter valued at about $25,000. Allied Private Wealth LLC purchased a new position in American Tower during the 2nd quarter valued at about $29,000. Triumph Capital Management acquired a new position in American Tower during the third quarter worth about $29,000. Finally, Acumen Wealth Advisors LLC acquired a new position in American Tower during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Insider Activity

In other American Tower news, CFO Robert Joseph Meyer sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the sale, the chief financial officer directly owned 21,428 shares of the company’s stock, valued at approximately $3,833,254.92. This trade represents a 18.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ruth T. Dowling sold 1,106 shares of American Tower stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total value of $193,505.76. Following the completion of the sale, the executive vice president owned 27,711 shares of the company’s stock, valued at $4,848,316.56. This trade represents a 3.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,791 shares of company stock worth $1,204,091 over the last quarter. 0.08% of the stock is currently owned by company insiders.

American Tower Trading Up 0.4%

Shares of AMT opened at $176.36 on Friday. American Tower Corporation has a fifty-two week low of $160.06 and a fifty-two week high of $214.79. The company has a market capitalization of $82.18 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 2.79 and a beta of 0.90. The stock has a fifty day moving average of $171.26 and a two-hundred day moving average of $177.76. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $1.14. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, analysts forecast that American Tower Corporation will post 10.8 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on AMT. Mizuho set a $208.00 price target on shares of American Tower in a research report on Thursday. Weiss Ratings raised American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $214.00 target price on shares of American Tower in a research note on Wednesday, July 29th. Raymond James Financial reissued a “strong-buy” rating and set a $240.00 price target on shares of American Tower in a research report on Wednesday, April 29th. Finally, Scotiabank reissued an “outperform” rating on shares of American Tower in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $215.29.

American Tower Profile

American Tower (NYSE: AMT) is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company’s core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.

Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.