Tpg Gp A LLC Lowers Stock Holdings in American Tower Corporation $AMT

Key Points

• Tpg Gp A LLC has reduced its holdings in American Tower Corporation by 0.5%, now owning approximately 275,589 shares, which represent around 1.2% of its portfolio.
• American Tower's stock recently increased by 0.6%, with shares opening at $203.70, while the company reported a net margin of 12.60% and a return on equity of 24.85% in its latest earnings results.
• Multiple institutional investors, including Vanguard Group and Price T Rowe Associates, have increased their stakes in American Tower, reflecting a strong interest from hedge funds and institutional investors, which hold 92.69% of the stock.

Tpg Gp A LLC trimmed its position in American Tower Corporation (NYSE:AMT - Free Report) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 275,589 shares of the real estate investment trust's stock after selling 1,272 shares during the quarter. American Tower makes up approximately 1.2% of Tpg Gp A LLC's portfolio, making the stock its 19th biggest holding. Tpg Gp A LLC owned approximately 0.06% of American Tower worth $59,968,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMT. Vanguard Group Inc. raised its stake in American Tower by 0.7% in the first quarter. Vanguard Group Inc. now owns 62,809,486 shares of the real estate investment trust's stock valued at $13,667,344,000 after purchasing an additional 434,118 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in American Tower by 39.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,144,040 shares of the real estate investment trust's stock valued at $1,772,144,000 after purchasing an additional 2,309,627 shares in the last quarter. Deutsche Bank AG raised its stake in American Tower by 4.0% in the first quarter. Deutsche Bank AG now owns 7,383,368 shares of the real estate investment trust's stock valued at $1,606,621,000 after purchasing an additional 285,195 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in American Tower by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 6,534,862 shares of the real estate investment trust's stock valued at $1,421,965,000 after purchasing an additional 88,120 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in American Tower by 3.7% in the first quarter. Principal Financial Group Inc. now owns 6,136,981 shares of the real estate investment trust's stock valued at $1,335,407,000 after purchasing an additional 220,565 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

American Tower Stock Up 0.6%

Shares of American Tower stock opened at $203.70 on Friday. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.95 and a current ratio of 0.95. American Tower Corporation has a 52-week low of $172.51 and a 52-week high of $243.56. The stock has a market capitalization of $95.38 billion, a price-to-earnings ratio of 74.07, a P/E/G ratio of 1.26 and a beta of 0.82. The company's 50 day moving average price is $215.77 and its 200-day moving average price is $213.18.

American Tower (NYSE:AMT - Get Free Report) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.01. American Tower had a net margin of 12.60% and a return on equity of 24.85%. The firm had revenue of $2.63 billion for the quarter, compared to analysts' expectations of $2.58 billion. During the same quarter last year, the business earned $2.79 earnings per share. The business's revenue was down 9.4% on a year-over-year basis. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. Equities research analysts forecast that American Tower Corporation will post 10.14 EPS for the current year.

Insider Activity

In other news, CEO Juan Font sold 720 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMT. Hsbc Global Res downgraded shares of American Tower from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada lifted their price target on shares of American Tower from $250.00 to $260.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Bank of America began coverage on shares of American Tower in a research note on Monday, May 19th. They set a "buy" rating and a $255.00 price target on the stock. Raymond James Financial set a $250.00 price target on shares of American Tower and gave the stock a "strong-buy" rating in a research note on Wednesday, July 30th. Finally, HSBC downgraded shares of American Tower from a "buy" rating to a "hold" rating and set a $235.00 price target on the stock. in a research note on Wednesday, July 30th. Two 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 stock. Based on data from MarketBeat, American Tower currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.73.

American Tower Company 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.

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