B. Metzler seel. Sohn & Co. AG Increases Position in American Tower Corporation $AMT

B. Metzler seel. Sohn & Co. AG boosted its position in shares of American Tower Corporation (NYSE:AMT - Free Report) by 17.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 66,057 shares of the real estate investment trust's stock after acquiring 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 reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its stake in American Tower by 113.0% during the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust's stock valued at $727,000 after acquiring an additional 2,104 shares during the period. Sivia Capital Partners LLC increased its stake in shares of American Tower by 34.3% in the second quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust's stock worth $319,000 after acquiring an additional 368 shares during the period. United Bank increased its stake in shares of American Tower by 12.7% in the second quarter. United Bank now owns 6,488 shares of the real estate investment trust's stock worth $1,434,000 after acquiring an additional 733 shares during the period. Treasurer of the State of North Carolina raised its holdings in shares of American Tower by 2.2% during the second quarter. Treasurer of the State of North Carolina now owns 218,511 shares of the real estate investment trust's stock worth $48,295,000 after purchasing an additional 4,778 shares during the last quarter. Finally, Ieq Capital LLC lifted its position in American Tower by 52.2% during the second quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust's stock valued at $7,570,000 after purchasing an additional 11,751 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Truist Financial reaffirmed a "buy" rating and issued a $207.00 price target (down from $208.00) on shares of American Tower in a report on Wednesday, August 12th. Weiss Ratings raised American Tower from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 14th. Sanford C. Bernstein restated an "outperform" rating and issued a $214.00 target price on shares of American Tower in a research note on Wednesday, July 29th. Mizuho set a $208.00 target price on American Tower in a report on Thursday, August 20th. Finally, Royal Bank Of Canada upgraded American Tower from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $195.00 to $205.00 in a research report on Friday, June 26th. 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $215.29.

American Tower Stock Down 1.8%

AMT stock opened at $172.84 on Thursday. American Tower Corporation has a one year low of $160.06 and a one year high of $202.80. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52. The firm's fifty day moving average is $170.76 and its 200 day moving average is $177.74. The firm has a market cap of $80.53 billion, a PE ratio of 23.77, a P/E/G ratio of 2.83 and a beta of 0.89.

American Tower (NYSE:AMT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $1.14. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the firm posted $2.60 earnings per share. The company's revenue 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. On average, research analysts forecast that American Tower Corporation will post 10.8 EPS for the current year.

Insider Buying and Selling

In other American Tower news, Director Rajesh Kalathur acquired 2,829 shares of the company's stock in a transaction on Friday, August 21st. The shares were bought at an average cost of $177.00 per share, with a total value of $500,733.00. Following the completion of the acquisition, the director 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert Joseph Meyer sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the transaction, the chief financial officer directly owned 21,428 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders sold 6,791 shares of company stock valued at $1,204,091. 0.08% of the stock is 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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