1,546 Shares in American Tower Corporation $AMT Bought by Plancorp LLC

Key Points

• Plancorp LLC acquired 1,546 shares of American Tower Corporation, valued at approximately $336,000, in a recent SEC filing.
• American Tower's stock rose 1.7% to $198.36, with a market capitalization of $92.88 billion and a PE ratio of 72.13.
• Recent earnings showed an EPS of $2.60, slightly beating estimates, but revenue dropped 9.4% year-over-year, leading to revised FY 2025 EPS guidance.

Plancorp LLC acquired a new stake in shares of American Tower Corporation (NYSE:AMT - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,546 shares of the real estate investment trust's stock, valued at approximately $336,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its stake in shares of American Tower by 23.0% during the first quarter. Golden State Wealth Management LLC now owns 369 shares of the real estate investment trust's stock valued at $80,000 after purchasing an additional 69 shares in the last quarter. Shum Financial Group Inc. boosted its stake in shares of American Tower by 3.5% during the first quarter. Shum Financial Group Inc. now owns 4,196 shares of the real estate investment trust's stock valued at $913,000 after purchasing an additional 141 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of American Tower by 126.0% during the first quarter. Kovitz Investment Group Partners LLC now owns 97,495 shares of the real estate investment trust's stock valued at $21,215,000 after purchasing an additional 54,360 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc boosted its stake in American Tower by 13.3% in the first quarter. AEGON ASSET MANAGEMENT UK Plc now owns 231,913 shares of the real estate investment trust's stock valued at $50,487,000 after acquiring an additional 27,194 shares in the last quarter. Finally, Georgetown University boosted its stake in American Tower by 128.2% in the fourth quarter. Georgetown University now owns 45,654 shares of the real estate investment trust's stock valued at $8,373,000 after acquiring an additional 25,651 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

American Tower Stock Performance

Shares of NYSE AMT traded down $0.49 during midday trading on Friday, reaching $196.07. The company had a trading volume of 965,079 shares, compared to its average volume of 2,625,754. The business's 50-day simple moving average is $211.36 and its 200 day simple moving average is $213.42. The stock has a market cap of $91.81 billion, a P/E ratio of 71.30, a P/E/G ratio of 1.20 and a beta of 0.86. American Tower Corporation has a 1 year low of $172.51 and a 1 year high of $241.97. 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 (NYSE:AMT - Get Free Report) last posted its quarterly earnings results 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 analysts' expectations of $2.58 billion. American Tower had a net margin of 12.60% and a return on equity of 24.85%. The business's quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter last year, the company posted $2.79 earnings per share. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. On average, analysts forecast that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

Insider Activity

In other American Tower news, CEO Juan Font sold 720 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $208.33, for a total value of $149,997.60. Following the completion of the transaction, the chief executive officer owned 23,425 shares of the company's stock, 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 is accessible through the SEC website. Corporate insiders own 0.17% of the company's stock.

Analysts Set New Price Targets

AMT has been the subject of several recent analyst reports. The Goldman Sachs Group restated a "buy" rating on shares of American Tower in a research note on Tuesday, July 29th. UBS Group raised their target price 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. Barclays raised their target price on shares of American Tower from $246.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. JPMorgan Chase & Co. raised their target price 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, BMO Capital Markets restated an "outperform" rating and issued a $245.00 target price (down from $250.00) on shares of American Tower in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $244.73.

American Tower Profile

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.