Value Partners Investments Inc. Sells 1,353 Shares of American Tower Corporation $AMT

Value Partners Investments Inc. decreased its holdings in shares of American Tower Corporation (NYSE:AMT) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,699 shares of the real estate investment trust’s stock after selling 1,353 shares during the quarter. Value Partners Investments Inc.’s holdings in American Tower were worth $3,691,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. North Capital Inc. purchased a new position in American Tower in the 1st quarter worth approximately $25,000. Hopwood Financial Services Inc. lifted its holdings in shares of American Tower by 100.0% during the 1st quarter. Hopwood Financial Services Inc. now owns 120 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 60 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in American Tower in the first quarter worth $31,000. Lowe Wealth Advisors LLC increased its stake in American Tower by 218.0% in the first quarter. Lowe Wealth Advisors LLC now owns 159 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 109 shares during the last quarter. Finally, City Holding Co. purchased a new stake in American Tower during the first quarter valued at about $39,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

American Tower Trading Down 0.7%

Shares of AMT opened at $195.27 on Friday. The stock has a market capitalization of $91.43 billion, a P/E ratio of 71.01, a PEG ratio of 1.21 and a beta of 0.86. American Tower Corporation has a twelve month low of $172.51 and a twelve month high of $241.97. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 3.36. The firm has a fifty day simple moving average of $210.83 and a two-hundred day simple moving average of $213.45.

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

Insider Transactions at American Tower

In other American Tower news, CEO Juan Font sold 720 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $208.33, for a total transaction of $149,997.60. Following the completion of the transaction, the chief executive officer owned 23,425 shares of the company’s stock, valued at $4,880,130.25. This represents a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMT. HSBC cut American Tower from a “buy” rating to a “hold” rating and set a $235.00 price objective for the company. in a report on Wednesday, July 30th. Hsbc Global Res cut shares of American Tower from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada lifted their price target on shares of American Tower from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of American Tower from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Finally, Bank of America initiated coverage on shares of American Tower in a report on Monday, May 19th. They set a “buy” rating and a $255.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.