Landscape Capital Management L.L.C. Decreases Holdings in American Tower Corporation $AMT

Key Points

• Landscape Capital Management cut its American Tower stake by 71.4% in the second quarter, selling 7,551 shares and retaining 3,024 shares valued at approximately $495,000.
• Institutional investors own 92.69% of American Tower, while analysts maintain a broadly positive outlook with a consensus “Moderate Buy” rating and a $215.29 price target.
• American Tower reported quarterly earnings of $2.71 per share, well above the $1.57 consensus estimate, while revenue rose 4.6% year over year to $2.75 billion.

Landscape Capital Management L.L.C. decreased its holdings in American Tower Corporation (NYSE:AMT - Free Report) by 71.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,024 shares of the real estate investment trust's stock after selling 7,551 shares during the period. Landscape Capital Management L.L.C.'s holdings in American Tower were worth $495,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oakworth Capital Inc. increased its position in shares of American Tower by 90.7% during the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 68 shares during the last quarter. Swiss RE Ltd. bought a new stake in American Tower in the fourth quarter worth $25,000. Allied Private Wealth LLC purchased a new position in American Tower during the second quarter worth $29,000. Triumph Capital Management purchased a new position in American Tower during the third quarter worth $29,000. Finally, Acumen Wealth Advisors LLC bought a new position in American Tower during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 92.69% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Raymond James Financial restated a "strong-buy" rating and issued a $240.00 target price on shares of American Tower in a report on Wednesday, April 29th. Sanford C. Bernstein reiterated an "outperform" rating and set a $214.00 price target on shares of American Tower in a report on Wednesday, July 29th. TD Cowen increased their price objective on shares of American Tower from $225.00 to $227.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Weiss Ratings raised shares of American Tower from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 14th. Finally, JPMorgan Chase & Co. dropped their target price on American Tower from $245.00 to $240.00 and set an "overweight" rating for the company in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, American Tower currently has an average rating of "Moderate Buy" and a consensus price target of $215.29.

American Tower Trading Up 0.3%

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

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, topping the consensus estimate of $1.57 by $1.14. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.70 billion. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The firm's revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Equities research analysts forecast that American Tower Corporation will post 10.8 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Ruth T. Dowling sold 1,106 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total value of $193,505.76. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Joseph Meyer sold 5,000 shares of the firm's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the transaction, the chief financial officer owned 21,428 shares in the company, valued at $3,833,254.92. The trade was a 18.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 6,791 shares of company stock worth $1,204,091. Corporate insiders own 0.08% of the company's stock.

American Tower 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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