Nykredit A S Purchases Shares of 166,421 American Tower Corporation $AMT

Key Points

• Nykredit A/S acquired 166,421 shares of American Tower in the second quarter, valued at approximately $27.2 million. Institutional investors and hedge funds collectively own 92.69% of the company.
• American Tower reported quarterly revenue of $2.75 billion and adjusted earnings of $2.71 per share, surpassing analyst expectations, while revenue rose 4.6% year over year. The company reiterated fiscal 2026 EPS guidance of $11.00 to $11.17.
• Analyst sentiment remains favorable, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $215.29, above its recent trading price near $177.51.

Nykredit A S acquired a new stake in shares of American Tower Corporation (NYSE:AMT - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 166,421 shares of the real estate investment trust's stock, valued at approximately $27,221,000.

A number of other hedge funds have also modified their holdings of the stock. Swiss RE Ltd. purchased a new stake in shares of American Tower during the fourth quarter valued at $25,000. Triumph Capital Management purchased a new position in American Tower in the 3rd quarter worth about $29,000. Acumen Wealth Advisors LLC acquired a new stake in American Tower during the 4th quarter worth about $29,000. Lloyd Advisory Services LLC. acquired a new stake in American Tower during the 4th quarter worth about $30,000. Finally, Allied Private Wealth LLC purchased a new stake in American Tower during the second quarter valued at about $29,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Trading Up 2.7%

Shares of NYSE AMT opened at $177.51 on Friday. 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 one year low of $160.06 and a one year high of $199.40. The business has a 50-day moving average price of $170.93 and a two-hundred day moving average price of $177.64. The firm has a market capitalization of $82.71 billion, a PE ratio of 24.42, a PEG ratio of 2.78 and a beta of 0.89.

American Tower (NYSE:AMT - Get Free Report) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 32.76% and a net margin of 31.08%.The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, analysts predict that American Tower Corporation will post 10.8 earnings per share for the current fiscal year.

Insider Buying and Selling at American Tower

In other news, EVP Ruth T. Dowling sold 1,106 shares of the company's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total value of $193,505.76. Following the transaction, the executive vice president directly owned 27,711 shares of the company's stock, valued at approximately $4,848,316.56. This represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur acquired 2,829 shares of the business's stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average price of $177.00 per share, with a total value of $500,733.00. Following the completion of the acquisition, the director owned 7,765 shares of the company's stock, valued at $1,374,405. This represents a 57.31% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have sold 6,791 shares of company stock worth $1,204,091. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. The Goldman Sachs Group set a $210.00 target price on shares of American Tower in a report on Tuesday, July 28th. TD Cowen boosted their price target on shares of American Tower from $225.00 to $227.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Mizuho set a $208.00 price target on shares of American Tower in a research report on Thursday, August 20th. Wolfe Research raised shares of American Tower from a "peer perform" rating to an "outperform" rating and set a $188.00 price objective for the company in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada raised shares of American Tower from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $195.00 to $205.00 in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $215.29.

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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