Beacon Pointe Advisors LLC Invests $3.59 Million in American Tower Corporation $AMT

Key Points

• Beacon Pointe Advisors acquired 21,953 American Tower shares during the second quarter, valued at approximately $3.59 million. Institutional investors and hedge funds collectively own 92.69% of AMT.
• American Tower reported quarterly EPS of $2.71, exceeding the $1.57 consensus estimate, while revenue rose 4.6% year over year to $2.75 billion. The company maintained fiscal 2026 EPS guidance of $11.00–$11.17.
• Analysts remain generally positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $215.29. Meanwhile, insiders sold 6,791 shares worth about $1.20 million over the past three months.

Beacon Pointe Advisors LLC acquired a new position in shares of American Tower Corporation (NYSE:AMT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,953 shares of the real estate investment trust's stock, valued at approximately $3,591,000.

Several other large investors have also modified their holdings of the stock. Riverwater Partners LLC increased its stake in American Tower by 3.8% in the fourth quarter. Riverwater Partners LLC now owns 1,536 shares of the real estate investment trust's stock valued at $270,000 after purchasing an additional 56 shares during the period. Triumph Capital Management boosted its stake in shares of American Tower by 37.3% during the fourth quarter. Triumph Capital Management now owns 206 shares of the real estate investment trust's stock worth $36,000 after buying an additional 56 shares during the period. Twin City Private Wealth LLC grew its holdings in shares of American Tower by 0.7% during the fourth quarter. Twin City Private Wealth LLC now owns 7,799 shares of the real estate investment trust's stock worth $1,382,000 after buying an additional 58 shares during the last quarter. Asset Advisory Group Inc. increased its position in American Tower by 3.0% in the 1st quarter. Asset Advisory Group Inc. now owns 2,072 shares of the real estate investment trust's stock valued at $358,000 after acquiring an additional 60 shares during the period. Finally, Argent Advisors Inc. increased its position in American Tower by 0.9% in the 4th quarter. Argent Advisors Inc. now owns 6,625 shares of the real estate investment trust's stock valued at $1,163,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 92.69% of the company's stock.

Insider Buying and Selling

In related 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 transaction of $894,450.00. Following the transaction, the chief financial officer directly owned 21,428 shares of the company's stock, valued at $3,833,254.92. This trade represents a 18.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 6,791 shares of company stock valued at $1,204,091. Insiders own 0.08% of the company's stock.

American Tower Trading Up 1.2%

Shares of AMT stock opened at $176.25 on Friday. The company has a market capitalization of $82.13 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 2.79 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. The firm has a 50-day moving average price of $170.87 and a 200 day moving average price of $177.87. American Tower Corporation has a twelve month low of $160.06 and a twelve month high of $205.21.

American Tower (NYSE:AMT - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $2.75 billion for 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 business's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Research analysts forecast that American Tower Corporation will post 10.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Sanford C. Bernstein restated an "outperform" rating and set a $214.00 price target on shares of American Tower in a research note on Wednesday, July 29th. Mizuho set a $208.00 price objective on shares of American Tower in a research report on Thursday, August 20th. Royal Bank Of Canada upgraded shares of American Tower from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $195.00 to $205.00 in a research note on Friday, June 26th. BMO Capital Markets boosted their price target on shares of American Tower from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised shares of American Tower from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 14th. One investment 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $215.29.

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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