Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of American Tower Corporation (NYSE:AMT - Free Report) by 29.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,057,200 shares of the real estate investment trust's stock after acquiring an additional 471,600 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.44% of American Tower worth $336,496,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Oakworth Capital Inc. lifted its holdings in shares of American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust's stock worth $25,000 after buying an additional 68 shares during the last quarter. Swiss RE Ltd. acquired a new stake in shares of American Tower in the fourth quarter worth $25,000. Allied Private Wealth LLC acquired a new stake in shares of American Tower in the second quarter worth $29,000. Triumph Capital Management bought a new position in American Tower during the third quarter worth $29,000. Finally, Acumen Wealth Advisors LLC acquired a new position in American Tower during the 4th quarter valued at $29,000. 92.69% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on AMT. Royal Bank Of Canada raised shares of American Tower from a "sector perform" rating to an "outperform" rating and increased their price target for the company from $195.00 to $205.00 in a report on Friday, June 26th. JPMorgan Chase & Co. dropped their price objective on shares of American Tower from $245.00 to $240.00 and set an "overweight" rating on the stock in a report on Wednesday, April 29th. 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. TD Cowen lifted their target price on American Tower from $225.00 to $227.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Finally, Mizuho set a $208.00 price target on American Tower in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, American Tower currently has a consensus rating of "Moderate Buy" and an average price target of $215.29.
View Our Latest Report on American Tower
American Tower Trading Up 0.3%
Shares of American Tower stock opened at $176.36 on Monday. American Tower Corporation has a 52-week low of $160.06 and a 52-week high of $214.79. The firm has a market capitalization of $82.18 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 2.78 and a beta of 0.90. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52. The company's fifty day moving average price is $171.26 and its two-hundred day moving average price is $177.78.
American Tower (NYSE:AMT - Get Free Report) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the business earned $2.60 EPS. The firm's revenue was up 4.6% on a year-over-year basis. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, analysts expect that American Tower Corporation will post 10.8 EPS for the current year.
Insider Buying and Selling
In related news, CFO Robert Joseph Meyer sold 5,000 shares of the business's stock in a transaction 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 sale, the chief financial officer owned 21,428 shares of the company's stock, valued at $3,833,254.92. The trade was a 18.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ruth T. Dowling sold 1,106 shares of the company's stock in a transaction 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 sale, the executive vice president owned 27,711 shares in the company, valued at $4,848,316.56. This trade represents a 3.84% decrease in their ownership of the stock. 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 have sold 6,791 shares of company stock worth $1,204,091 over the last ninety days. Company insiders own 0.08% of the company's stock.
American Tower Company Profile
(
Free Report)
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.
Featured Articles
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.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider American Tower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Tower wasn't on the list.
While American Tower currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
