American Tower Corporation $AMT Stock Holdings Lessened by Anchor Capital Advisors LLC

Key Points

• Anchor Capital Advisors reduced its American Tower stake by 25.6% in the second quarter, selling 24,443 shares and retaining 70,867 shares valued at approximately $11.6 million. Institutional investors and hedge funds collectively own 92.69% of the stock.
• American Tower reported quarterly EPS of $2.71, exceeding estimates of $1.57, while revenue rose 4.6% year over year to $2.75 billion. The company provided fiscal 2026 EPS guidance of $11.00 to $11.17.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $215.29 versus the stock’s reported price of $175.83. Insiders, however, sold 6,791 shares worth roughly $1.2 million over the past 90 days.

Anchor Capital Advisors LLC cut its stake in shares of American Tower Corporation (NYSE:AMT - Free Report) by 25.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,867 shares of the real estate investment trust's stock after selling 24,443 shares during the quarter. Anchor Capital Advisors LLC's holdings in American Tower were worth $11,592,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AMT. California State Teachers Retirement System lifted its stake in American Tower by 17,056.3% in the second quarter. California State Teachers Retirement System now owns 117,012,907 shares of the real estate investment trust's stock valued at $19,139,801,000 after buying an additional 116,330,867 shares during the last quarter. BlackRock Inc. bought a new position in shares of American Tower during the second quarter worth about $7,490,943,000. J. Stern & Co. LLP increased its holdings in shares of American Tower by 28,121.1% in the 4th quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust's stock worth $6,616,703,000 after acquiring an additional 37,553,436 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of American Tower by 20,721.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust's stock worth $1,705,254,000 after acquiring an additional 9,666,025 shares during the period. Finally, Deutsche Bank AG bought a new stake in American Tower in the 2nd quarter valued at about $1,096,186,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Price Performance

Shares of NYSE AMT opened at $175.83 on Tuesday. American Tower Corporation has a twelve month low of $160.06 and a twelve month high of $199.40. 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 firm has a 50-day moving average of $171.09 and a two-hundred day moving average of $177.40. The company has a market capitalization of $81.93 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 2.82 and a beta of 0.89.

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. The company 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 business's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, analysts expect that American Tower Corporation will post 10.8 earnings per share for the current fiscal year.

Insider Buying and Selling at American Tower

In other news, CFO Robert Joseph Meyer sold 5,000 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total transaction of $894,450.00. Following the completion of the sale, the chief financial officer owned 21,428 shares in the company, valued at approximately $3,833,254.92. This represents a 18.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ruth 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 transaction, the executive vice president owned 27,711 shares in the company, valued at $4,848,316.56. The trade was a 3.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 6,791 shares of company stock valued at $1,204,091. Corporate insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Scotiabank restated an "outperform" rating on shares of American Tower in a research report on Wednesday, July 29th. Sanford C. Bernstein reiterated an "outperform" rating and set a $214.00 price objective on shares of American Tower in a research report on Wednesday, July 29th. The Goldman Sachs Group set a $210.00 price objective on American Tower in a report on Tuesday, July 28th. Weiss Ratings upgraded American Tower from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 14th. Finally, BMO Capital Markets lifted their target price on American Tower from $190.00 to $195.00 and gave the company a "market perform" rating in a research note 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 assigned a Hold rating to the company. According to data from MarketBeat.com, American Tower currently has a consensus rating of "Moderate Buy" and an average target price of $215.29.

American Tower Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.