B. Metzler seel. Sohn & Co. AG Has $10.80 Million Stock Holdings in American Tower Corporation $AMT

Key Points

• B. Metzler seel. Sohn & Co. AG increased its American Tower stake by 17.2% in the second quarter, bringing its holdings to 66,057 shares valued at approximately $10.8 million.
• Institutional investors own 92.69% of American Tower, while analysts maintain a “Moderate Buy” consensus with an average price target of $215.29, above the reported share price of $175.99.
• 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.

B. Metzler seel. Sohn & Co. AG grew its stake in shares of American Tower Corporation (NYSE:AMT - Free Report) by 17.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,057 shares of the real estate investment trust's stock after purchasing an additional 9,692 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in American Tower were worth $10,805,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in American Tower in the second quarter valued at approximately $7,490,943,000. J. Stern & Co. LLP boosted its stake in shares of American Tower by 28,121.1% during 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% during 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 last quarter. Deutsche Bank AG bought a new stake in American Tower in the 2nd quarter valued at $1,096,186,000. Finally, Norges Bank bought a new stake in American Tower in the 4th quarter valued at $1,171,180,000. Institutional investors own 92.69% of the company's stock.

Analyst Upgrades and Downgrades

AMT has been the subject of a number of research analyst reports. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $214.00 price objective on shares of American Tower in a research report on Wednesday, July 29th. Raymond James Financial restated a "strong-buy" rating and set a $240.00 target price on shares of American Tower in a research note on Wednesday, April 29th. The Goldman Sachs Group set a $210.00 target price on shares of American Tower in a report on Tuesday, July 28th. TD Cowen increased their price target on shares of American Tower from $225.00 to $227.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Finally, Citizens Jmp reaffirmed a "market outperform" rating and issued a $260.00 target price on shares of American Tower in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $215.29.

American Tower Stock Up 0.9%

Shares of AMT opened at $175.99 on Friday. American Tower Corporation has a 12 month low of $160.06 and a 12 month high of $214.79. The firm's 50 day moving average is $171.48 and its 200-day moving average is $177.77. The stock has a market capitalization of $82.00 billion, a PE ratio of 24.21, a P/E/G ratio of 2.77 and a beta of 0.90. 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 issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $1.14. The business had revenue of $2.75 billion during the quarter, compared to analysts' expectations of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Equities research analysts forecast that American Tower Corporation will post 10.78 EPS for the current year.

Insider Activity

In other news, EVP Ruth T. Dowling sold 1,106 shares of the business'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 completion of the transaction, the executive vice president directly owned 27,711 shares in the company, valued at approximately $4,848,316.56. The trade was a 3.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Joseph Meyer sold 5,000 shares of American Tower 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 completion of the transaction, the chief financial officer directly owned 21,428 shares in the company, valued at $3,833,254.92. This trade represents a 18.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 6,791 shares of company stock valued at $1,204,091 in the last ninety days. 0.08% of the stock is currently owned by company insiders.

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.

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