Corient Private Wealth LP Has $82.72 Million Position in American Tower Corporation $AMT

Corient Private Wealth LP lowered its stake in shares of American Tower Corporation (NYSE:AMT - Free Report) by 7.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 505,701 shares of the real estate investment trust's stock after selling 41,126 shares during the quarter. Corient Private Wealth LP owned about 0.11% of American Tower worth $82,719,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Amundi increased its stake in American Tower by 5.6% in the second quarter. Amundi now owns 4,045,753 shares of the real estate investment trust's stock valued at $661,757,000 after acquiring an additional 215,220 shares during the period. Groupe la Francaise raised its position in shares of American Tower by 319.0% during the second quarter. Groupe la Francaise now owns 33,505 shares of the real estate investment trust's stock worth $5,481,000 after acquiring an additional 25,508 shares during the last quarter. CYBER HORNET ETFs LLC raised its stake in shares of American Tower by 81.5% during the second quarter. CYBER HORNET ETFs LLC now owns 2,334 shares of the real estate investment trust's stock worth $360,000 after buying an additional 1,048 shares during the last quarter. California State Teachers Retirement System increased its holdings in American Tower by 17,056.3% in the second quarter. California State Teachers Retirement System now owns 117,012,907 shares of the real estate investment trust's stock valued at $19,139,801,000 after purchasing an additional 116,330,867 shares during the last quarter. Finally, Kintra Wealth LLC acquired a new stake in American Tower in the second quarter worth $635,000. 92.69% of the stock is owned by institutional investors.

American Tower Price Performance

Shares of AMT stock opened at $178.45 on Friday. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market cap of $83.15 billion, a P/E ratio of 24.55, a P/E/G ratio of 2.78 and a beta of 0.89. The business's 50 day moving average price is $171.91 and its 200-day moving average price is $177.17. American Tower Corporation has a fifty-two week low of $160.06 and a fifty-two week high of $199.13.

American Tower (NYSE:AMT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 31.08% and a return on equity of 32.76%. The business's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, equities research analysts anticipate that American Tower Corporation will post 10.8 earnings per share for the current year.

Key Stories Impacting American Tower

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: Brokerages maintain a consensus “Moderate Buy” recommendation, supporting investor confidence in American Tower’s long-term outlook. American Tower Receives Moderate Buy Recommendation
• Positive Sentiment: Recent value-investing coverage is comparing American Tower favorably with Host Hotels, while another article highlights AMT as a potential high-yield dividend opportunity for investors seeking recurring income. These reports may be attracting income-oriented buyers. HST or AMT: Which Is the Better Value Stock? High-Yielding Monthly Dividend Investments
• Positive Sentiment: At recent investor conferences, management discussed American Tower’s telecommunications infrastructure business and its growth outlook, giving investors additional insight into operations and future demand. American Tower at Citi’s Global TMT Conference
• Neutral Sentiment: American Tower priced $1.6 billion of senior unsecured notes due in 2031, 2033 and 2036, with coupon rates ranging from 5.300% to 5.560%. The offering provides long-term funding but also adds to the company’s already substantial debt burden. American Tower Prices Senior Notes Offering
• Negative Sentiment: American Tower recently underperformed the broader market in a prior session, indicating some continued pressure from valuation, interest-rate sensitivity and leverage concerns. American Tower Dips More Than the Broader Market

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Mizuho set a $208.00 target price on American Tower in a research report on Thursday, August 20th. Scotiabank reaffirmed an "outperform" rating on shares of American Tower in a research report on Wednesday, July 29th. Truist Financial reaffirmed 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 American Tower in a research note on Tuesday, July 28th. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $214.00 price target on shares of American Tower in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $215.29.

Insiders Place Their Bets

In other news, Director Rajesh Kalathur acquired 2,829 shares of American Tower stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average price of $177.00 per share, for a total transaction of $500,733.00. Following the completion of the transaction, the director owned 7,765 shares in the company, valued at $1,374,405. The trade was a 57.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert Joseph Meyer sold 5,000 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $178.89, for a total value of $894,450.00. Following the completion of the transaction, the chief financial officer directly owned 21,428 shares in the company, valued at approximately $3,833,254.92. This represents a 18.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 6,791 shares of company stock valued at $1,204,091. Company insiders own 0.08% of the company's stock.

American Tower Profile

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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