American Tower Corporation $AMT Shares Bought by Nissay Asset Management Corp Japan

Nissay Asset Management Corp Japan raised its stake in shares of American Tower Corporation (NYSE:AMT) by 5.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 117,683 shares of the real estate investment trust’s stock after buying an additional 6,077 shares during the period. Nissay Asset Management Corp Japan’s holdings in American Tower were worth $19,249,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AMT. Swiss RE Ltd. acquired a new stake in American Tower during the fourth quarter worth about $25,000. Allied Private Wealth LLC acquired a new position in American Tower in the second quarter valued at approximately $29,000. Triumph Capital Management acquired a new position in American Tower in the third quarter valued at approximately $29,000. Acumen Wealth Advisors LLC purchased a new stake in American Tower in the 4th quarter worth approximately $29,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in American Tower in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analysts Set New Price Targets

AMT has been the topic of a number of analyst reports. Royal Bank Of Canada raised shares of American Tower from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $195.00 to $205.00 in a research note on Friday, June 26th. Mizuho set a $208.00 price target on shares of American Tower in a report on Thursday, August 20th. Wolfe Research upgraded 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 research report on Wednesday, July 8th. BMO Capital Markets raised their price target on shares of American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group cut their price objective on shares of American Tower from $210.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $215.29.

Insider Activity at American Tower

In related news, EVP Ruth T. Dowling sold 1,106 shares of the business’s stock in a transaction on 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 approximately $4,848,316.56. The trade was a 3.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur acquired 2,829 shares of American Tower stock in a transaction 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 completion of the transaction, the director directly owned 7,765 shares of the company’s stock, valued at $1,374,405. This trade represents a 57.31% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have sold 6,791 shares of company stock valued at $1,204,091. 0.08% of the stock is owned by company insiders.

American Tower Stock Performance

Shares of AMT stock opened at $176.25 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.12. American Tower Corporation has a 12-month low of $160.06 and a 12-month high of $205.21. The business’s 50 day moving average is $170.87 and its two-hundred day moving average is $177.87. The company has a market capitalization of $82.13 billion, a P/E ratio of 24.24, a P/E/G ratio of 2.79 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 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $1.14. The business 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 business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Analysts expect that American Tower Corporation will post 10.8 EPS for the current fiscal year.

About American Tower

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.