Capital Analysts LLC Buys 3,348 Shares of American Tower Corporation $AMT

Capital Analysts LLC raised its stake in American Tower Corporation (NYSE:AMT) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,234 shares of the real estate investment trust’s stock after buying an additional 3,348 shares during the period. Capital Analysts LLC’s holdings in American Tower were worth $12,306,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. California State Teachers Retirement System increased its position in American Tower by 17,056.3% during the 2nd quarter. California State Teachers Retirement System now owns 117,012,907 shares of the real estate investment trust’s stock valued at $19,139,801,000 after purchasing an additional 116,330,867 shares during the period. BlackRock Inc. acquired a new position in shares of American Tower in the 2nd quarter worth approximately $7,490,943,000. J. Stern & Co. LLP boosted its stake in shares of American Tower by 28,121.1% in the 4th quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust’s stock valued at $6,616,703,000 after purchasing an additional 37,553,436 shares during the last quarter. State Street Corp boosted 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 valued at $3,719,634,000 after purchasing an additional 71,605 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of American Tower by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 13,499,035 shares of the real estate investment trust’s stock worth $2,361,675,000 after buying an additional 227,361 shares during the period. 92.69% of the stock is currently owned by institutional investors.

American Tower Trading Down 0.0%

AMT opened at $175.77 on Wednesday. American Tower Corporation has a fifty-two week low of $160.06 and a fifty-two week high of $199.13. The firm has a market capitalization of $81.90 billion, a PE ratio of 24.18, a P/E/G ratio of 2.82 and a beta of 0.89. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52. The company’s 50-day moving average is $171.33 and its 200 day moving average is $177.33.

American Tower (NYSE:AMT) last released its quarterly earnings results 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. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the firm posted $2.60 EPS. American Tower’s quarterly revenue was up 4.6% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, research analysts predict that American Tower Corporation will post 10.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Rajesh Kalathur purchased 2,829 shares of American Tower stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average price of $177.00 per share, for a total transaction of $500,733.00. Following the completion of the transaction, the director owned 7,765 shares in the company, valued at $1,374,405. This represents a 57.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, 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 stock was sold at an average price of $174.96, for a total transaction of $193,505.76. Following the completion of the sale, the executive vice president directly owned 27,711 shares in the company, valued at approximately $4,848,316.56. This represents a 3.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 6,791 shares of company stock valued at $1,204,091. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AMT shares. 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 research report on Wednesday, July 8th. BMO Capital Markets raised their target price on American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. TD Cowen upped their price target on American Tower from $225.00 to $227.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada raised American Tower from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $195.00 to $205.00 in a research note on Friday, June 26th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $214.00 price objective on shares of American Tower in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.29.

American Tower Company Profile

American Tower Corporation (NYSE:AMT) is a global owner, operator and developer of wireless communications infrastructure. The company leases space on communications sites, including towers, rooftops and other structures, to wireless carriers, broadcasters, government agencies and other customers. Its infrastructure supports wireless networks and the transmission of voice, data and video services.

In addition to traditional macro towers, American Tower provides distributed antenna systems and other in-building or venue-based communications solutions designed to improve wireless coverage and capacity.