CW Advisors LLC Boosts Stake in American Tower Corporation $AMT

Key Points

• CW Advisors LLC increased its stake in American Tower Corporation by 82.6%, owning 15,934 shares valued at approximately $3.46 million after acquiring an additional 7,208 shares.
• American Tower reported earnings per share (EPS) of $2.60 for the last quarter, slightly surpassing analysts' expectations, but its revenue decreased by 9.4% year-over-year.
• Research analysts have mixed ratings on American Tower, with price targets ranging from $230.00 to $260.00, and a consensus rating of "Moderate Buy."

CW Advisors LLC boosted its stake in American Tower Corporation (NYSE:AMT - Free Report) by 82.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,934 shares of the real estate investment trust's stock after buying an additional 7,208 shares during the quarter. CW Advisors LLC's holdings in American Tower were worth $3,457,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. North Capital Inc. purchased a new stake in American Tower in the 1st quarter valued at approximately $25,000. Hopwood Financial Services Inc. lifted its stake in American Tower by 100.0% in the 1st quarter. Hopwood Financial Services Inc. now owns 120 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 60 shares in the last quarter. Minot DeBlois Advisors LLC purchased a new stake in American Tower in the 4th quarter valued at approximately $29,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in American Tower in the 1st quarter valued at approximately $31,000. Finally, Lowe Wealth Advisors LLC raised its holdings in American Tower by 218.0% in the 1st quarter. Lowe Wealth Advisors LLC now owns 159 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.

American Tower Trading Up 1.0%

AMT stock opened at $211.77 on Friday. The company has a market cap of $99.16 billion, a price-to-earnings ratio of 77.01, a PEG ratio of 1.21 and a beta of 0.82. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 3.36. The business has a fifty day simple moving average of $216.76 and a 200-day simple moving average of $212.64. American Tower Corporation has a 52 week low of $172.51 and a 52 week high of $243.56.

American Tower (NYSE:AMT - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $2.60 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.01. American Tower had a return on equity of 24.85% and a net margin of 12.60%.The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the firm posted $2.79 EPS. The business's revenue for the quarter was down 9.4% on a year-over-year basis. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. On average, equities research analysts expect that American Tower Corporation will post 10.14 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Juan Font sold 720 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $208.33, for a total transaction of $149,997.60. Following the completion of the sale, the chief executive officer directly owned 23,425 shares of the company's stock, valued at approximately $4,880,130.25. This represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.17% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on American Tower from $250.00 to $255.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Bank of America assumed coverage on American Tower in a report on Monday, May 19th. They issued a "buy" rating and a $255.00 price target for the company. JMP Securities boosted their price target on American Tower from $248.00 to $260.00 and gave the company a "market outperform" rating in a report on Wednesday, April 30th. HSBC downgraded American Tower from a "buy" rating to a "hold" rating and set a $235.00 price target for the company. in a report on Wednesday, July 30th. Finally, Wells Fargo & Company cut their price target on American Tower from $240.00 to $230.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, American Tower presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.73.

About American Tower

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.

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