American Tower Corporation $AMT Shares Bought by Van ECK Associates Corp

Key Points

• VanECK increased its American Tower position by 7.3% in the second quarter, acquiring 13,875 additional shares for a total holding of 203,505 shares valued at approximately $33.3 million. Institutional investors collectively own 92.69% of the REIT.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $215.29, compared with the stock’s reported opening price of $176.25.
• American Tower reported quarterly EPS of $2.71, well above the $1.57 consensus estimate, while revenue rose 4.6% year over year to $2.75 billion. The company issued fiscal 2026 EPS guidance of $11.00–$11.17.

Van ECK Associates Corp lifted its position in shares of American Tower Corporation (NYSE:AMT - Free Report) by 7.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,505 shares of the real estate investment trust's stock after acquiring an additional 13,875 shares during the period. Van ECK Associates Corp's holdings in American Tower were worth $33,287,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Raleigh Capital Management Inc. lifted its stake in American Tower by 489.1% during the first quarter. Raleigh Capital Management Inc. now owns 13,703 shares of the real estate investment trust's stock valued at $2,365,000 after purchasing an additional 11,377 shares during the last quarter. Canal Capital Management LLC lifted its holdings in shares of American Tower by 81.9% in the first quarter. Canal Capital Management LLC now owns 34,471 shares of the real estate investment trust's stock valued at $5,949,000 after purchasing an additional 15,520 shares in the last quarter. Legal & General Group Plc boosted its position in American Tower by 4.7% during the 4th quarter. Legal & General Group Plc now owns 4,873,695 shares of the real estate investment trust's stock worth $855,675,000 after acquiring an additional 220,447 shares during the period. Bernzott Capital Advisors grew its position in American Tower by 29.3% during the first quarter. Bernzott Capital Advisors now owns 42,161 shares of the real estate investment trust's stock valued at $7,276,000 after purchasing an additional 9,556 shares in the last quarter. Finally, BIP Wealth LLC purchased a new position in shares of American Tower during the 2nd quarter valued at $1,004,000. Institutional investors and hedge funds own 92.69% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. The Goldman Sachs Group set a $210.00 target price on American Tower in a report on Tuesday, July 28th. Sanford C. Bernstein reiterated an "outperform" rating and set a $214.00 price target on shares of American Tower in a report on Wednesday, July 29th. Royal Bank Of Canada upgraded shares of American Tower from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $195.00 to $205.00 in a research note on Friday, June 26th. TD Cowen upped their price objective on shares of American Tower from $225.00 to $227.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Finally, Scotiabank reissued an "outperform" rating on shares of American Tower in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $215.29.

American Tower Stock Up 0.0%

Shares of AMT opened at $176.25 on Monday. The company has a market capitalization of $82.13 billion, a P/E ratio of 24.24, a PEG ratio of 2.79 and a beta of 0.90. American Tower Corporation has a one year low of $160.06 and a one year high of $205.21. The business's 50 day simple moving average is $170.87 and its 200-day simple moving average is $177.90. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52.

American Tower (NYSE:AMT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating the consensus estimate of $1.57 by $1.14. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The firm had revenue of $2.75 billion during the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter last year, the company posted $2.60 EPS. The company's quarterly revenue was up 4.6% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, sell-side analysts predict that American Tower Corporation will post 10.8 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Ruth T. Dowling sold 1,106 shares of American Tower stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total value of $193,505.76. Following the completion of the sale, the executive vice president directly owned 27,711 shares of the company's stock, valued at approximately $4,848,316.56. This trade represents a 3.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur bought 2,829 shares of the company's stock in a transaction dated Friday, August 21st. The shares were purchased at an average price of $177.00 per share, with a total value of $500,733.00. Following the transaction, the director owned 7,765 shares of the company's stock, valued at $1,374,405. The trade was a 57.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 6,791 shares of company stock worth $1,204,091 in the last quarter. Insiders own 0.08% of the company's stock.

About American Tower

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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