Lineweaver Wealth Advisors LLC Buys 375 Shares of American Tower Corporation $AMT

Lineweaver Wealth Advisors LLC raised its position in American Tower Corporation (NYSE:AMT) by 7.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 5,142 shares of the real estate investment trust’s stock after purchasing an additional 375 shares during the period. Lineweaver Wealth Advisors LLC’s holdings in American Tower were worth $1,137,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of AMT. Brighton Jones LLC boosted its position in American Tower by 113.0% during the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock valued at $727,000 after acquiring an additional 2,104 shares during the last quarter. Tidal Investments LLC grew its stake in American Tower by 1.7% during the fourth quarter. Tidal Investments LLC now owns 20,325 shares of the real estate investment trust’s stock worth $3,728,000 after purchasing an additional 335 shares during the period. Two Sigma Investments LP increased its holdings in American Tower by 480.1% in the fourth quarter. Two Sigma Investments LP now owns 92,636 shares of the real estate investment trust’s stock worth $16,990,000 after purchasing an additional 76,668 shares in the last quarter. Two Sigma Advisers LP acquired a new position in American Tower in the fourth quarter valued at approximately $2,990,000. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of American Tower by 15.4% during the 4th quarter. Westwood Holdings Group Inc. now owns 22,581 shares of the real estate investment trust’s stock worth $4,142,000 after buying an additional 3,006 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Insider Transactions at American Tower

In other American Tower news, CEO Juan Font sold 720 shares of the firm’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $208.33, for a total value of $149,997.60. Following the completion of the sale, the chief executive officer directly owned 23,425 shares of the company’s stock, valued at $4,880,130.25. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is owned by corporate insiders.

American Tower Price Performance

Shares of NYSE:AMT opened at $194.61 on Wednesday. American Tower Corporation has a fifty-two week low of $172.51 and a fifty-two week high of $241.46. The company’s 50-day moving average is $209.75 and its 200 day moving average is $213.29. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $91.13 billion, a P/E ratio of 70.77, a price-to-earnings-growth ratio of 1.19 and a beta of 0.86.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $2.60 EPS for the quarter, topping the consensus estimate of $2.59 by $0.01. American Tower had a net margin of 12.60% and a return on equity of 24.85%. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the previous year, the firm posted $2.79 earnings per share. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. On average, equities research analysts forecast that American Tower Corporation will post 10.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMT has been the subject of several research analyst reports. BMO Capital Markets reiterated an “outperform” rating and issued a $245.00 price objective (down previously from $250.00) on shares of American Tower in a research note on Wednesday, July 30th. Hsbc Global Res downgraded shares of American Tower from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Barclays upped their price objective on shares of American Tower from $246.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, August 18th. The Goldman Sachs Group restated a “buy” rating on shares of American Tower in a research note on Tuesday, July 29th. Finally, Raymond James Financial set a $250.00 price target on American Tower and gave the stock a “strong-buy” rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, American Tower has an average rating of “Moderate Buy” and a consensus target price of $244.73.

American Tower Company Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.