J. Goldman & Co LP Sells 4,099 Shares of American Tower Corporation $AMT

J. Goldman & Co LP trimmed its holdings in shares of American Tower Corporation (NYSE:AMT) by 73.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,501 shares of the real estate investment trust’s stock after selling 4,099 shares during the period. J. Goldman & Co LP’s holdings in American Tower were worth $246,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in AMT. BlackRock Inc. bought a new stake in shares of American Tower during the second quarter valued at approximately $7,490,943,000. J. Stern & Co. LLP boosted its holdings in American Tower by 28,121.1% during the 4th quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust’s stock worth $6,616,703,000 after acquiring an additional 37,553,436 shares during the last quarter. State Street Corp grew its stake in shares of American Tower by 0.3% in the 4th quarter. State Street Corp now owns 20,987,534 shares of the real estate investment trust’s stock worth $3,719,634,000 after acquiring an additional 71,605 shares in the last quarter. Geode Capital Management LLC increased its stake in American Tower by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 13,499,035 shares of the real estate investment trust’s stock valued at $2,361,675,000 after buying an additional 227,361 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of American Tower by 20,721.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock worth $1,705,254,000 after buying an additional 9,666,025 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMT has been the subject of a number of research analyst reports. Royal Bank Of Canada raised American Tower from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $195.00 to $205.00 in a research report on Friday, June 26th. Wolfe Research raised shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price target on the stock in a report on Wednesday, July 8th. Citizens Jmp reissued a “market outperform” rating and set a $260.00 price objective on shares of American Tower in a report on Wednesday, April 29th. JPMorgan Chase & Co. reduced their target price on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Finally, BMO Capital Markets lifted their price target on American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $215.29.

Insider Activity

In other American Tower news, Director Rajesh Kalathur bought 2,829 shares of American Tower stock in a transaction that occurred on Friday, August 21st. The shares were bought at an average price of $177.00 per share, with a total value of $500,733.00. Following the acquisition, the director owned 7,765 shares in the company, valued at approximately $1,374,405. This trade represents a 57.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ruth T. Dowling sold 1,106 shares of American Tower stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total transaction of $193,505.76. Following the completion of the transaction, the executive vice president owned 27,711 shares in the company, valued at approximately $4,848,316.56. The trade was 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. In the last 90 days, insiders sold 6,791 shares of company stock valued at $1,204,091. Corporate insiders own 0.08% of the company’s stock.

American Tower Stock Performance

American Tower stock opened at $175.78 on Thursday. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52. The firm’s fifty day moving average price is $170.89 and its 200-day moving average price is $177.86. American Tower Corporation has a fifty-two week low of $160.06 and a fifty-two week high of $208.03. The stock has a market cap of $81.91 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 2.83 and a beta of 0.90.

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 analysts’ consensus estimates of $1.57 by $1.14. The firm had revenue of $2.75 billion during 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 company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, equities research analysts expect that American Tower Corporation will post 10.8 earnings per share for the current fiscal year.

American Tower Company 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.