Nations Financial Group Inc. IA ADV decreased its holdings in American Tower Corporation (NYSE:AMT - Free Report) by 23.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 4,428 shares of the real estate investment trust's stock after selling 1,340 shares during the period. Nations Financial Group Inc. IA ADV's holdings in American Tower were worth $964,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. North Capital Inc. purchased a new position in American Tower in the first quarter valued at approximately $25,000. Hopwood Financial Services Inc. raised its holdings in American Tower by 100.0% in the first 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 during the period. Minot DeBlois Advisors LLC purchased a new stake in shares of American Tower during the fourth quarter valued at approximately $29,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of American Tower during the first quarter valued at approximately $31,000. Finally, Lowe Wealth Advisors LLC raised its stake in shares of American Tower by 218.0% during the first quarter. Lowe Wealth Advisors LLC now owns 159 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 109 shares during the period. Hedge funds and other institutional investors own 92.69% of the company's stock.
American Tower Stock Performance
American Tower stock traded up $2.3150 during mid-day trading on Friday, reaching $212.0450. The company's stock had a trading volume of 1,178,094 shares, compared to its average volume of 2,586,561. The firm has a market cap of $99.29 billion, a price-to-earnings ratio of 77.16, a PEG ratio of 1.19 and a beta of 0.82. The business has a 50 day moving average price of $216.82 and a 200-day moving average price of $212.28. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 3.36. American Tower Corporation has a twelve month low of $172.51 and a twelve month 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. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.58 billion. American Tower had a net margin of 12.60% and a return on equity of 24.85%. The firm's revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.79 earnings per share. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. Sell-side analysts predict that American Tower Corporation will post 10.14 EPS for the current fiscal year.
Wall Street Analyst Weigh In
AMT has been the topic of a number of analyst reports. Raymond James Financial set a $250.00 price objective on shares of American Tower and gave the company a "strong-buy" rating in a research note on Wednesday, July 30th. HSBC lowered shares of American Tower from a "buy" rating to a "hold" rating and set a $235.00 price objective on the stock. in a research note on Wednesday, July 30th. Bank of America initiated coverage on shares of American Tower in a research note on Monday, May 19th. They set a "buy" rating and a $255.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of American Tower from $250.00 to $255.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, UBS Group lifted their price objective on shares of American Tower from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $244.73.
Check Out Our Latest Stock Analysis on American Tower
Insider Transactions at American Tower
In other American Tower news, CEO Juan Font sold 720 shares of the firm's 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 in the company, valued at approximately $4,880,130.25. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.17% of the company's stock.
American Tower Company Profile
(
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.
Featured Stories
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access