American Tower Corporation $AMT Shares Purchased by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in American Tower Corporation by 4%, owning 42,172 shares valued at approximately $9.18 million after acquiring an additional 1,625 shares in Q1.
• American Tower's recent earnings report revealed a EPS of $2.60, exceeding estimates, but with a 9.4% decline in revenue year-over-year, totaling $2.63 billion.
• JPMorgan raised its price target for American Tower from $250 to $255, maintaining an "overweight" rating, while overall consensus rating for the stock is a "Moderate Buy" with a price target of $244.73.

Fuller & Thaler Asset Management Inc. lifted its position in American Tower Corporation (NYSE:AMT - Free Report) by 4.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,172 shares of the real estate investment trust's stock after acquiring an additional 1,625 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in American Tower were worth $9,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. North Capital Inc. acquired a new stake in shares of American Tower in the first quarter worth approximately $25,000. Hopwood Financial Services Inc. boosted its stake in American Tower by 100.0% during the first quarter. Hopwood Financial Services Inc. now owns 120 shares of the real estate investment trust's stock worth $26,000 after buying an additional 60 shares during the last quarter. Minot DeBlois Advisors LLC acquired a new position in American Tower during the fourth quarter worth $29,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in American Tower during the first quarter worth $31,000. Finally, Lowe Wealth Advisors LLC boosted its stake in American Tower by 218.0% during the first quarter. Lowe Wealth Advisors LLC now owns 159 shares of the real estate investment trust's stock worth $35,000 after buying an additional 109 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

American Tower Price Performance

NYSE:AMT opened at $206.5550 on Wednesday. American Tower Corporation has a 52 week low of $172.51 and a 52 week high of $243.56. 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 company has a market capitalization of $96.72 billion, a P/E ratio of 75.11, a P/E/G ratio of 1.16 and a beta of 0.82. The stock's fifty day moving average is $217.08 and its two-hundred day moving average is $212.13.

American Tower (NYSE:AMT - Get Free Report) last posted its earnings results 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 return on equity of 24.85% and a net margin of 12.60%.The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the business earned $2.79 earnings per share. The company's revenue for the quarter was down 9.4% on a year-over-year basis. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. Equities analysts expect that American Tower Corporation will post 10.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AMT shares. JPMorgan Chase & Co. boosted their price objective on American Tower from $250.00 to $255.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group reissued a "buy" rating on shares of American Tower in a research note on Tuesday, July 29th. Bank of America started coverage on American Tower in a research note on Monday, May 19th. They set a "buy" rating and a $255.00 price objective on the stock. Scotiabank boosted their price objective on American Tower from $234.00 to $248.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company lowered their price objective on American Tower from $240.00 to $230.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $244.73.

Insider Buying and Selling

In other American Tower news, CEO Juan Font sold 720 shares of American Tower stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $208.33, for a total value of $149,997.60. Following the sale, the chief executive officer owned 23,425 shares in the company, valued at $4,880,130.25. The trade was a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

American Tower 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.

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