Vise Technologies Inc. Buys 3,617 Shares of American Tower Corporation $AMT

Vise Technologies Inc. lifted its stake in shares of American Tower Corporation (NYSE:AMT) by 24.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,602 shares of the real estate investment trust’s stock after buying an additional 3,617 shares during the quarter. Vise Technologies Inc.’s holdings in American Tower were worth $3,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Oakworth Capital Inc. raised its stake in American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 68 shares during the last quarter. Swiss RE Ltd. bought a new position in American Tower during the 4th quarter valued at about $25,000. Triumph Capital Management purchased a new stake in American Tower in the third quarter worth approximately $29,000. Acumen Wealth Advisors LLC purchased a new position in shares of American Tower in the 4th quarter worth $29,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of American Tower during the 4th quarter valued at about $30,000. Institutional investors own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

AMT has been the subject of a number of analyst reports. 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 report on Wednesday, July 29th. Wolfe Research upgraded American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 target price for the company in a report on Wednesday, July 8th. Scotiabank reissued an “outperform” rating on shares of American Tower in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group decreased their price objective on American Tower from $210.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. One 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $215.29.

American Tower Price Performance

NYSE AMT opened at $176.36 on Friday. The firm’s fifty day simple moving average is $171.26 and its two-hundred day simple moving average is $177.76. 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 $214.79. The firm has a market capitalization of $82.18 billion, a P/E ratio of 24.26, a P/E/G ratio of 2.79 and a beta of 0.90.

American Tower (NYSE:AMT) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping the consensus estimate of $1.57 by $1.14. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Analysts forecast that American Tower Corporation will post 10.78 EPS for the current fiscal year.

Insider Transactions at American Tower

In other news, EVP Ruth T. Dowling sold 1,106 shares of the company’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 sale, the executive vice president directly owned 27,711 shares of the company’s stock, valued at $4,848,316.56. This represents a 3.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Joseph Meyer sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $178.89, for a total transaction of $894,450.00. Following the completion of the sale, the chief financial officer directly owned 21,428 shares in the company, valued at approximately $3,833,254.92. The trade was a 18.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 6,791 shares of company stock valued at $1,204,091. 0.08% of the stock is currently owned by insiders.

American Tower Profile

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.