Callan Family Office LLC Reduces Position in American Tower Corporation $AMT

Callan Family Office LLC decreased its position in shares of American Tower Corporation (NYSE:AMT - Free Report) by 44.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,561 shares of the real estate investment trust's stock after selling 7,697 shares during the period. Callan Family Office LLC's holdings in American Tower were worth $1,564,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. increased its holdings in shares of American Tower by 24.1% in the 2nd quarter. Keating Financial Advisory Services Inc. now owns 531 shares of the real estate investment trust's stock valued at $87,000 after acquiring an additional 103 shares during the period. Patron Partners LLC increased its stake in American Tower by 8.9% in the second quarter. Patron Partners LLC now owns 5,349 shares of the real estate investment trust's stock valued at $875,000 after purchasing an additional 436 shares during the period. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of American Tower by 17.2% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 66,057 shares of the real estate investment trust's stock valued at $10,805,000 after buying an additional 9,692 shares during the last quarter. Mystic Asset Management Inc. boosted its stake in shares of American Tower by 7.2% during the second quarter. Mystic Asset Management Inc. now owns 1,732 shares of the real estate investment trust's stock worth $283,000 after buying an additional 117 shares during the period. Finally, Portfolio Design Labs LLC boosted its stake in shares of American Tower by 7.4% during the second quarter. Portfolio Design Labs LLC now owns 5,734 shares of the real estate investment trust's stock worth $938,000 after buying an additional 393 shares during the period. Hedge funds and other institutional investors own 92.69% of the company's stock.

Insider Buying and Selling at American Tower

In other news, CFO Robert Joseph Meyer sold 5,000 shares of the company's stock in a transaction on Wednesday, July 29th. The shares were 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 represents a 18.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ruth T. Dowling sold 1,106 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total transaction of $193,505.76. Following the completion of the transaction, the executive vice president owned 27,711 shares of the company's stock, valued at $4,848,316.56. This represents a 3.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,791 shares of company stock valued at $1,204,091 in the last quarter. 0.08% of the stock is currently owned by company insiders.

American Tower Stock Performance

Shares of AMT stock opened at $176.36 on Monday. The company has a market cap of $82.18 billion, a price-to-earnings ratio of 24.26, a price-to-earnings-growth ratio of 2.78 and a beta of 0.90. The stock has a 50 day simple moving average of $171.26 and a 200-day simple moving average of $177.78. American Tower Corporation has a 12-month low of $160.06 and a 12-month high of $214.79. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.12.

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

Analysts Set New Price Targets

AMT has been the topic of several recent research reports. The Goldman Sachs Group set a $210.00 price target on American Tower in a research report on Tuesday, July 28th. TD Cowen lifted their target price on American Tower from $225.00 to $227.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Truist Financial reissued a "buy" rating and issued a $207.00 target price (down from $208.00) on shares of American Tower in a report on Wednesday, August 12th. BMO Capital Markets upped their price target on 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, JPMorgan Chase & Co. decreased their price target on American Tower from $245.00 to $240.00 and set an "overweight" rating for the company in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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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