Integrity Alliance LLC. bought a new position in American Tower Corporation (NYSE:AMT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,580 shares of the real estate investment trust's stock, valued at approximately $997,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in American Tower by 113.0% in the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust's stock valued at $727,000 after purchasing an additional 2,104 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in American Tower by 2.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 142,764 shares of the real estate investment trust's stock valued at $26,184,000 after purchasing an additional 2,758 shares during the last quarter. NorthRock Partners LLC lifted its position in American Tower by 96.4% in the fourth quarter. NorthRock Partners LLC now owns 5,436 shares of the real estate investment trust's stock valued at $997,000 after purchasing an additional 2,668 shares during the last quarter. Nomura Holdings Inc. lifted its position in American Tower by 867.7% in the fourth quarter. Nomura Holdings Inc. now owns 69,645 shares of the real estate investment trust's stock valued at $12,774,000 after purchasing an additional 62,448 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its position in American Tower by 1.3% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 86,023 shares of the real estate investment trust's stock valued at $15,645,000 after purchasing an additional 1,128 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.
American Tower Price Performance
AMT opened at $196.44 on Friday. The stock has a fifty day simple moving average of $211.36 and a two-hundred day simple moving average of $213.42. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 3.36. The company has a market cap of $91.98 billion, a price-to-earnings ratio of 71.43, a price-to-earnings-growth ratio of 1.20 and a beta of 0.86. American Tower Corporation has a 12-month low of $172.51 and a 12-month high of $241.97.
American Tower (NYSE:AMT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $2.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.01. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.58 billion. American Tower had a return on equity of 24.85% and a net margin of 12.60%.The firm's quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.79 earnings per share. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. Research analysts predict that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.
Insider Transactions at American Tower
In other news, CEO Juan Font sold 720 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $208.33, for a total value of $149,997.60. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.17% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on American Tower from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada upped their target price on American Tower from $250.00 to $260.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. HSBC downgraded American Tower from a "buy" rating to a "hold" rating and set a $235.00 target price for the company. in a report on Wednesday, July 30th. Barclays upped their target price on American Tower from $246.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Finally, Bank of America initiated coverage on American Tower in a report on Monday, May 19th. They set a "buy" rating and a $255.00 target price for the company. Two 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $244.73.
Check Out Our Latest Stock Report on American Tower
About American Tower
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider American Tower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Tower wasn't on the list.
While American Tower currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
