Amundi Boosts Stock Position in American Tower Corporation $AMT

Key Points

• Amundi increased its American Tower stake by 5.6% in the second quarter, adding 215,220 shares and bringing its holdings to 4.05 million shares valued at approximately $661.8 million. Institutional investors collectively own 92.69% of AMT.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $215.29. Recent targets range from $188 to $227.
• American Tower exceeded quarterly earnings expectations, reporting $2.71 in EPS versus the $1.57 consensus and $2.75 billion in revenue, up 4.6% year over year. The stock opened at $175.83, while management issued fiscal 2026 EPS guidance of $11.00 to $11.17.

Amundi increased its stake in shares of American Tower Corporation (NYSE:AMT - Free Report) by 5.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,045,753 shares of the real estate investment trust's stock after purchasing an additional 215,220 shares during the period. Amundi owned 0.87% of American Tower worth $661,757,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. California State Teachers Retirement System raised its position in shares of 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 worth $19,139,801,000 after buying an additional 116,330,867 shares in the last quarter. BlackRock Inc. bought a new position in American Tower in the 2nd quarter worth about $7,490,943,000. J. Stern & Co. LLP raised 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 valued at $6,616,703,000 after acquiring an additional 37,553,436 shares in the last quarter. State Street Corp boosted its position in shares of American Tower by 0.3% during the 4th quarter. State Street Corp now owns 20,987,534 shares of the real estate investment trust's stock valued at $3,719,634,000 after acquiring an additional 71,605 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of American Tower by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 13,499,035 shares of the real estate investment trust's stock worth $2,361,675,000 after purchasing an additional 227,361 shares in the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on AMT shares. Jefferies Financial Group cut their price target on shares of American Tower from $210.00 to $201.00 and set a "buy" rating for the company in a research note on Wednesday, July 15th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $214.00 target price on shares of American Tower in a research report on Wednesday, July 29th. Wolfe Research raised American Tower from a "peer perform" rating to an "outperform" rating and set a $188.00 target price on the stock in a research note on Wednesday, July 8th. Truist Financial reaffirmed a "buy" rating and set a $207.00 price target (down from $208.00) on shares of American Tower in a research note on Wednesday, August 12th. Finally, TD Cowen upped their price objective on American Tower from $225.00 to $227.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. 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 company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $215.29.

Insider Activity at American Tower

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

American Tower Trading Down 0.0%

NYSE AMT opened at $175.83 on Monday. The firm has a market cap of $81.93 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 2.82 and a beta of 0.89. American Tower Corporation has a 1-year low of $160.06 and a 1-year high of $199.40. The stock has a 50-day moving average of $170.94 and a 200-day moving average of $177.52. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.12.

American Tower (NYSE:AMT - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company earned $2.60 EPS. American Tower's revenue for the quarter 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 forecast that American Tower Corporation will post 10.8 EPS for the current year.

American Tower 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.

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