American Tower Corporation $AMT Position Boosted by Lasalle Investment Management Securities LLC

Key Points

• Lasalle Investment Management increased its American Tower stake by 7.3% in the second quarter, bringing its holdings to 695,301 shares worth approximately $113.7 million. Institutional investors collectively own 92.69% of the REIT.
• Analyst sentiment remains favorable, with American Tower carrying a “Moderate Buy” consensus rating and an average price target of $215.29, despite recent insider sales totaling about $1.2 million.
• American Tower beat quarterly earnings expectations, reporting $2.71 in EPS versus the $1.57 consensus and $2.75 billion in revenue. Revenue rose 4.6% year over year, and management issued fiscal 2026 EPS guidance of $11.00–$11.17.

Lasalle Investment Management Securities LLC boosted its holdings in American Tower Corporation (NYSE:AMT - Free Report) by 7.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 695,301 shares of the real estate investment trust's stock after purchasing an additional 47,044 shares during the period. American Tower makes up 4.0% of Lasalle Investment Management Securities LLC's portfolio, making the stock its 7th largest position. Lasalle Investment Management Securities LLC owned 0.15% of American Tower worth $113,730,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMT. Oakworth Capital Inc. increased its holdings in shares of American Tower by 90.7% in the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust's stock worth $25,000 after buying an additional 68 shares during the period. Swiss RE Ltd. bought a new position in American Tower during the 4th quarter worth approximately $25,000. Triumph Capital Management purchased a new position in American Tower in the 3rd quarter worth approximately $29,000. Acumen Wealth Advisors LLC bought a new stake in American Tower in the fourth quarter valued at approximately $29,000. Finally, Lloyd Advisory Services LLC. bought a new stake in American Tower in the fourth quarter valued at approximately $30,000. 92.69% of the stock is owned by institutional investors.

Insider Transactions at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 1,106 shares of the company's stock in a transaction dated 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 owned 27,711 shares in the company, valued at approximately $4,848,316.56. This represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Joseph Meyer sold 5,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 21,428 shares of the company's stock, valued at $3,833,254.92. This represents a 18.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 6,791 shares of company stock valued at $1,204,091. 0.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on AMT. BMO Capital Markets lifted their target price on shares of American Tower from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 29th. Scotiabank reissued an "outperform" rating on shares of American Tower in a research report on Wednesday, July 29th. The Goldman Sachs Group set a $210.00 price target on shares of American Tower in a report on Tuesday, July 28th. Citizens Jmp restated a "market outperform" rating and issued a $260.00 price objective on shares of American Tower in a research report on Wednesday, April 29th. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $240.00 target price on shares of American Tower in a research note on Wednesday, April 29th. One equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $215.29.

American Tower Price Performance

AMT opened at $176.36 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.12. The company has a market cap of $82.18 billion, a price-to-earnings ratio of 24.26, a price-to-earnings-growth ratio of 2.79 and a beta of 0.90. The stock has a fifty day simple moving average of $171.26 and a two-hundred day simple moving average of $177.76. American Tower Corporation has a 12-month low of $160.06 and a 12-month high of $214.79.

American Tower (NYSE:AMT - Get Free Report) last announced its 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. The firm had revenue of $2.75 billion for the quarter, compared to analysts' expectations of $2.70 billion. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The company's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Research analysts predict that American Tower Corporation will post 10.8 earnings per share for the current fiscal year.

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.

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