American Tower Corporation $AMT Stock Holdings Boosted by Waverly Advisors LLC

Waverly Advisors LLC lifted its position in American Tower Corporation (NYSE:AMT - Free Report) by 16.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,328 shares of the real estate investment trust's stock after buying an additional 7,649 shares during the period. Waverly Advisors LLC's holdings in American Tower were worth $8,723,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AMT. Raleigh Capital Management Inc. lifted its position in shares of American Tower by 489.1% during the 1st quarter. Raleigh Capital Management Inc. now owns 13,703 shares of the real estate investment trust's stock valued at $2,365,000 after acquiring an additional 11,377 shares during the last quarter. Canal Capital Management LLC grew its holdings in shares of American Tower by 81.9% in the 1st quarter. Canal Capital Management LLC now owns 34,471 shares of the real estate investment trust's stock worth $5,949,000 after acquiring an additional 15,520 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of American Tower by 4.7% in 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 last quarter. Bernzott Capital Advisors raised its position in shares of 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 worth $7,276,000 after purchasing an additional 9,556 shares during the period. Finally, BIP Wealth LLC purchased a new stake in shares of American Tower during the second quarter valued at $1,004,000. Institutional investors and hedge funds own 92.69% of the company's stock.

Analysts Set New Price Targets

AMT has been the subject of a number of recent analyst reports. Weiss Ratings upgraded American Tower from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 14th. 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 note on Wednesday, July 29th. Wolfe Research upgraded shares of 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. Mizuho set a $208.00 target price on shares of American Tower in a research report on Thursday, August 20th. Finally, The Goldman Sachs Group set a $210.00 price target on shares of American Tower in a report on Tuesday, July 28th. One 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $215.29.

Insider Activity

In related news, Director Rajesh Kalathur purchased 2,829 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was acquired at an average cost of $177.00 per share, for a total transaction of $500,733.00. Following the completion of the acquisition, the director owned 7,765 shares in the company, valued at $1,374,405. This trade represents a 57.31% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert Joseph Meyer sold 5,000 shares of the business'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 in the company, valued at $3,833,254.92. The trade was a 18.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,791 shares of company stock worth $1,204,091 in the last 90 days. Company insiders own 0.08% of the company's stock.

American Tower Stock Performance

Shares of AMT stock opened at $175.57 on Thursday. American Tower Corporation has a 1-year low of $160.06 and a 1-year high of $199.13. 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 capitalization of $81.81 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 2.82 and a beta of 0.89. The stock's fifty day simple moving average is $171.52 and its 200-day simple moving average is $177.26.

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

About American Tower

American Tower Corporation NYSE: AMT is a global owner, operator and developer of wireless communications infrastructure. The company leases space on communications sites, including towers, rooftops and other structures, to wireless carriers, broadcasters, government agencies and other customers. Its infrastructure supports wireless networks and the transmission of voice, data and video services.

In addition to traditional macro towers, American Tower provides distributed antenna systems and other in-building or venue-based communications solutions designed to improve wireless coverage and capacity.

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