Kingsview Wealth Management LLC Buys Shares of 20,624 American Tower Corporation $AMT

Key Points

• Kingsview Wealth Management purchased 20,624 shares of American Tower in the second quarter, valued at approximately $3.37 million. Institutional investors collectively own 92.69% of the REIT’s outstanding stock.
• American Tower reported quarterly EPS of $2.71, significantly above the $1.57 consensus estimate, while revenue rose 4.6% year over year to $2.75 billion. The company issued fiscal 2026 EPS guidance of $11.00 to $11.17.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $215.29, compared with a recent price of $176.25.

Kingsview Wealth Management LLC purchased a new stake in American Tower Corporation (NYSE:AMT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 20,624 shares of the real estate investment trust's stock, valued at approximately $3,373,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. purchased a new position in American Tower during the second quarter valued at approximately $7,490,943,000. J. Stern & Co. LLP lifted its holdings in American Tower by 28,121.1% during the fourth 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 buying an additional 37,553,436 shares during the period. State Street Corp boosted its position in 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 acquiring an additional 71,605 shares in the last quarter. Geode Capital Management LLC boosted 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 in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of American Tower by 20,721.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust's stock valued at $1,705,254,000 after acquiring an additional 9,666,025 shares during the period. 92.69% of the stock is currently owned by institutional investors.

American Tower Price Performance

NYSE AMT opened at $176.25 on Friday. The firm's fifty day simple moving average is $170.87 and its two-hundred day simple moving average is $177.87. The firm has a market capitalization of $82.13 billion, a P/E ratio of 24.24, a P/E/G ratio of 2.79 and a beta of 0.90. 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 Corporation has a 12-month low of $160.06 and a 12-month high of $205.21.

American Tower (NYSE:AMT - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Analysts forecast that American Tower Corporation will post 10.8 EPS for the current fiscal year.

Insider Activity at American Tower

In other news, CFO Robert Joseph Meyer sold 5,000 shares of the business's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total transaction of $894,450.00. Following the sale, the chief financial officer owned 21,428 shares in the company, valued at approximately $3,833,254.92. The trade was a 18.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ruth T. Dowling sold 1,106 shares of the company's 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 transaction, the executive vice president owned 27,711 shares in the company, valued at approximately $4,848,316.56. This trade represents a 3.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,791 shares of company stock valued at $1,204,091 in the last ninety days. Corporate insiders own 0.08% of the company's stock.

Analyst Ratings Changes

AMT has been the subject of several recent research reports. Mizuho set a $208.00 price target on American Tower in a research report on Thursday, August 20th. Wolfe Research raised American Tower from a "peer perform" rating to an "outperform" rating and set a $188.00 price objective on the stock in a research report on Wednesday, July 8th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $214.00 target price on shares of American Tower in a research note on Wednesday, July 29th. Truist Financial reiterated 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. Finally, TD Cowen increased their price target on shares of American Tower from $225.00 to $227.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. One equities research 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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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