LVM Capital Management Ltd. MI Has $1.33 Million Holdings in American Tower Corporation $AMT

LVM Capital Management Ltd. MI grew its stake in American Tower Corporation (NYSE:AMT) by 62.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,995 shares of the real estate investment trust’s stock after buying an additional 2,313 shares during the period. LVM Capital Management Ltd. MI’s holdings in American Tower were worth $1,325,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Elmwood Wealth Management Inc. lifted its holdings in American Tower by 2.5% during the 1st quarter. Elmwood Wealth Management Inc. now owns 2,087 shares of the real estate investment trust’s stock worth $454,000 after buying an additional 50 shares in the last quarter. 4J Wealth Management LLC lifted its holdings in American Tower by 4.0% during the 1st quarter. 4J Wealth Management LLC now owns 1,301 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 50 shares in the last quarter. TCTC Holdings LLC lifted its holdings in American Tower by 15.8% during the 1st quarter. TCTC Holdings LLC now owns 374 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 51 shares in the last quarter. Coyle Financial Counsel LLC lifted its holdings in American Tower by 2.4% during the 1st quarter. Coyle Financial Counsel LLC now owns 2,238 shares of the real estate investment trust’s stock worth $487,000 after buying an additional 53 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. lifted its holdings in American Tower by 2.9% during the 1st quarter. Fortitude Advisory Group L.L.C. now owns 1,907 shares of the real estate investment trust’s stock worth $416,000 after buying an additional 54 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Price Performance

AMT opened at $195.27 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 3.36. American Tower Corporation has a 12 month low of $172.51 and a 12 month high of $241.97. The company has a fifty day simple moving average of $210.83 and a 200 day simple moving average of $213.37. The stock has a market cap of $91.43 billion, a P/E ratio of 71.01, a P/E/G ratio of 1.21 and a beta of 0.86.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $2.60 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the prior year, the company earned $2.79 EPS. The firm’s quarterly revenue 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, research analysts expect that American Tower Corporation will post 10.14 EPS for the current year.

Insider Activity at American Tower

In related news, CEO Juan Font sold 720 shares of the company’s stock in a transaction on Thursday, July 31st. The shares were 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 owned 23,425 shares in the company, valued at $4,880,130.25. This represents a 2.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMT has been the subject of several recent research reports. Bank of America initiated coverage on shares of American Tower in a research report on Monday, May 19th. They set a “buy” rating and a $255.00 target price for the company. UBS Group upped their target price on shares of American Tower from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. HSBC cut shares of American Tower from a “buy” rating to a “hold” rating and set a $235.00 target price for the company. in a research report on Wednesday, July 30th. BMO Capital Markets reiterated an “outperform” rating and set a $245.00 target price (down previously from $250.00) on shares of American Tower in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of American Tower from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $244.73.

About American Tower

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.