Banque Transatlantique SA Buys Shares of 3,080 American Tower Corporation $AMT

Key Points

• Banque Transatlantique SA has acquired 3,080 shares of American Tower Corporation (NYSE:AMT), valued at approximately $619,000, as per its recent SEC filing.
• Analysts have mixed views on American Tower's stock, with ratings ranging from "Strong Buy" to "Hold," and an average price target of $244.73.
• American Tower reported $2.60 EPS for the last quarter, beating expectations, but its revenue declined by 9.4% year-over-year.

Banque Transatlantique SA bought a new stake in American Tower Corporation (NYSE:AMT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,080 shares of the real estate investment trust's stock, valued at approximately $619,000.

Other hedge funds also recently bought and sold shares of the company. North Capital Inc. purchased a new position in shares of American Tower in the 1st quarter worth $25,000. Hopwood Financial Services Inc. lifted its holdings 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 valued at $26,000 after acquiring an additional 60 shares during the last quarter. Minot DeBlois Advisors LLC purchased a new position in American Tower in the fourth quarter worth about $29,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in American Tower during the first quarter worth approximately $31,000. Finally, Lowe Wealth Advisors LLC raised its position in American Tower by 218.0% during the first quarter. Lowe Wealth Advisors LLC now owns 159 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 109 shares during the period. Hedge funds and other institutional investors own 92.69% of the company's stock.

American Tower Trading Down 0.2%

American Tower stock traded down $0.45 during mid-day trading on Tuesday, hitting $193.19. The company's stock had a trading volume of 1,237,023 shares, compared to its average volume of 2,624,942. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50 day moving average of $213.05 and a 200-day moving average of $213.66. American Tower Corporation has a one year low of $172.51 and a one year high of $243.56. The stock has a market cap of $90.46 billion, a PE ratio of 70.12, a P/E/G ratio of 1.22 and a beta of 0.86.

American Tower (NYSE:AMT - Get Free Report) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.01. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company earned $2.79 earnings per share. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. On average, research analysts anticipate that American Tower Corporation will post 10.14 EPS for the current year.

Insider Transactions at American Tower

In other American Tower news, CEO Juan Font sold 720 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $208.33, for a total value of $149,997.60. Following the transaction, the chief executive officer directly owned 23,425 shares in the company, valued at $4,880,130.25. This represents a 2.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMT has been the subject of a number of recent research reports. Raymond James Financial set a $250.00 target price on American Tower and gave the stock a "strong-buy" rating in a report on Wednesday, July 30th. Royal Bank Of Canada raised their price target on American Tower from $250.00 to $260.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. BMO Capital Markets reaffirmed an "outperform" rating and set a $245.00 price objective (down from $250.00) on shares of American Tower in a research note on Wednesday, July 30th. The Goldman Sachs Group reissued a "buy" rating on shares of American Tower in a research note on Tuesday, July 29th. Finally, HSBC lowered shares of American Tower from a "buy" rating to a "hold" rating and set a $235.00 target price for the company. in a 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $244.73.

American Tower 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.