American Tower Corporation $AMT Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System boosted its stake in American Tower Corporation (NYSE:AMT - Free Report) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 715,369 shares of the real estate investment trust's stock after acquiring an additional 33,329 shares during the period. California State Teachers Retirement System owned 0.15% of American Tower worth $117,012,907 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of American Tower in the second quarter worth $7,490,943,000. J. Stern & Co. LLP raised 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 purchasing an additional 37,553,436 shares during the period. State Street Corp raised its holdings in shares of American Tower by 0.3% during the 4th quarter. State Street Corp now owns 20,987,534 shares of the real estate investment trust's stock valued at $3,719,634,000 after buying an additional 71,605 shares in the last quarter. Geode Capital Management LLC lifted its position in American Tower by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 13,499,035 shares of the real estate investment trust's stock valued at $2,361,675,000 after acquiring an additional 227,361 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of American Tower by 20,721.6% in the fourth 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 purchasing an additional 9,666,025 shares in the last quarter. Institutional investors own 92.69% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AMT shares. Truist Financial reiterated a "buy" rating and issued a $207.00 price objective (down from $208.00) on shares of American Tower in a report on Wednesday, August 12th. The Goldman Sachs Group set a $210.00 price target on shares of American Tower in a research report on Tuesday, July 28th. Jefferies Financial Group dropped their price objective on shares of American Tower from $210.00 to $201.00 and set a "buy" rating for the company in a report on Wednesday, July 15th. Scotiabank reiterated an "outperform" rating on shares of American Tower in a report on Wednesday, July 29th. Finally, TD Cowen lifted their price target on shares of American Tower from $225.00 to $227.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $215.29.

American Tower Trading Down 0.1%

Shares of AMT stock traded down $0.22 during trading on Tuesday, hitting $176.72. 992,806 shares of the stock traded hands, compared to its average volume of 3,049,802. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52. American Tower Corporation has a 52-week low of $160.06 and a 52-week high of $199.13. The firm has a market capitalization of $82.34 billion, a P/E ratio of 24.34, a price-to-earnings-growth ratio of 2.85 and a beta of 0.89. The firm's fifty day moving average price is $172.21 and its 200-day moving average price is $176.98.

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 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $1.14. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.70 billion. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, research analysts forecast that American Tower Corporation will post 10.8 earnings per share for the current fiscal year.

Insider Buying and Selling at American Tower

In related news, Director Rajesh Kalathur acquired 2,829 shares of the company's stock in a transaction on Friday, August 21st. The stock was purchased at an average cost of $177.00 per share, with a total value of $500,733.00. Following the acquisition, the director directly owned 7,765 shares of the company's stock, valued at approximately $1,374,405. The trade was a 57.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ruth Dowling sold 1,106 shares of the stock in a transaction on Wednesday, July 29th. The stock was 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 owned 27,711 shares in the company, valued at approximately $4,848,316.56. This 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 sold a total of 6,791 shares of company stock worth $1,204,091 over the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

About American Tower

American Tower Corporation NYSE: AMT is a global owner, operator and developer of wireless communications infrastructure. The company leases space on communications sites, including towers, rooftops and other structures, to wireless carriers, broadcasters, government agencies and other customers. Its infrastructure supports wireless networks and the transmission of voice, data and video services.

In addition to traditional macro towers, American Tower provides distributed antenna systems and other in-building or venue-based communications solutions designed to improve wireless coverage and capacity.

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