American Tower Corporation $AMT Stock Holdings Increased by LVM Capital Management Ltd. MI

Key Points

• LVM Capital Management Ltd. MI increased its holdings in American Tower Corporation by 62.8% during the second quarter, acquiring an additional 2,313 shares, bringing their total to 5,995 shares valued at approximately $1.32 million.
• Several institutional investors have also modified their stakes in American Tower, with 92.69% of the company's stock now owned by institutional investors.
• American Tower’s recent quarterly earnings showed an EPS of $2.60, slightly beating analysts' expectations, despite a 9.4% decline in revenue year-over-year.

LVM Capital Management Ltd. MI raised its holdings in shares of American Tower Corporation (NYSE:AMT - Free Report) by 62.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,995 shares of the real estate investment trust's stock after acquiring an additional 2,313 shares during the period. LVM Capital Management Ltd. MI's holdings in American Tower were worth $1,325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. North Capital Inc. bought a new stake in shares of American Tower in the 1st quarter worth $25,000. Hopwood Financial Services Inc. raised its stake in shares of American Tower by 100.0% in the 1st 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 in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of American Tower in the 1st quarter worth $31,000. Lowe Wealth Advisors LLC raised its stake in shares of American Tower by 218.0% in the 1st 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 in the last quarter. Finally, City Holding Co. bought a new stake in shares of American Tower in the 1st quarter worth $39,000. Institutional investors own 92.69% of the company's stock.

Insider Transactions at American Tower

In related 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 transaction of $149,997.60. Following the completion of the sale, the chief executive officer owned 23,425 shares of the company's stock, valued at approximately $4,880,130.25. This trade represents 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 accessible through the SEC website. Insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. HSBC cut American Tower from a "buy" rating to a "hold" rating and set a $235.00 target price on the stock. in a report on Wednesday, July 30th. Hsbc Global Res cut American Tower from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Bank of America assumed coverage on American Tower in a research report on Monday, May 19th. They issued a "buy" rating and a $255.00 target price for the company. The Goldman Sachs Group reaffirmed a "buy" rating on shares of American Tower in a research report on Tuesday, July 29th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $245.00 target price (down previously from $250.00) on shares of American Tower in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $244.73.

American Tower Price Performance

AMT opened at $195.27 on Friday. The stock has a market cap of $91.43 billion, a price-to-earnings ratio of 71.01, a PEG ratio of 1.21 and a beta of 0.86. American Tower Corporation has a 1 year low of $172.51 and a 1 year high of $241.97. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 3.36. The stock has a fifty day moving average price of $210.83 and a 200 day moving average price of $213.37.

American Tower (NYSE:AMT - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $2.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.01. The firm had revenue of $2.63 billion during the quarter, compared to analysts' expectations of $2.58 billion. American Tower had a return on equity of 24.85% and a net margin of 12.60%.The business's revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.79 earnings per share. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. Analysts forecast that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Company 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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