Two Sigma Securities LLC Takes Position in American Tower Corporation $AMT

Key Points

• Two Sigma Securities purchased 14,468 shares of American Tower in the second quarter, valued at approximately $2.37 million. Institutional investors collectively own 92.69% of the REIT’s outstanding stock.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $215.29; several firms recently raised their targets or maintained “buy” and “outperform” ratings.
• American Tower reported quarterly EPS of $2.71, well above the $1.57 consensus estimate, while revenue reached $2.75 billion, up 4.6% year over year. The company issued fiscal 2026 EPS guidance of $11.00–$11.17.

Two Sigma Securities LLC purchased a new position in shares of American Tower Corporation (NYSE:AMT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,468 shares of the real estate investment trust's stock, valued at approximately $2,367,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of American Tower by 113.0% during the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust's stock valued at $727,000 after acquiring an additional 2,104 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of American Tower by 34.3% in the second quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust's stock worth $319,000 after acquiring an additional 368 shares in the last quarter. United Bank boosted its holdings in American Tower by 12.7% in the second quarter. United Bank now owns 6,488 shares of the real estate investment trust's stock valued at $1,434,000 after purchasing an additional 733 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in American Tower by 2.2% in the second quarter. Treasurer of the State of North Carolina now owns 218,511 shares of the real estate investment trust's stock valued at $48,295,000 after purchasing an additional 4,778 shares during the last quarter. Finally, Ieq Capital LLC grew its stake in American Tower by 52.2% during the 2nd quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust's stock valued at $7,570,000 after purchasing an additional 11,751 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Insider Buying and Selling at American Tower

In other American Tower news, CFO Robert Joseph Meyer sold 5,000 shares of the business's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $178.89, for a total transaction of $894,450.00. Following the completion of the sale, 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Rajesh Kalathur bought 2,829 shares of the company's stock in a transaction on Friday, August 21st. The shares were acquired at an average cost of $177.00 per share, for a total transaction of $500,733.00. Following the completion of the acquisition, the director directly owned 7,765 shares of the company's stock, valued at $1,374,405. This trade represents a 57.31% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 6,791 shares of company stock worth $1,204,091 over the last 90 days. Insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

AMT has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised American Tower from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $195.00 to $205.00 in a research report on Friday, June 26th. TD Cowen raised their price target 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. Scotiabank restated an "outperform" rating on shares of American Tower in a research note on Wednesday, July 29th. Weiss Ratings raised shares of American Tower from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 14th. Finally, Truist Financial reissued a "buy" rating and set a $207.00 price objective (down from $208.00) on shares of American Tower in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $215.29.

American Tower Price Performance

Shares of AMT opened at $176.25 on Monday. The firm has a market cap of $82.13 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 2.79 and a beta of 0.90. The stock has a 50 day moving average of $170.87 and a 200-day moving average of $177.90. 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 52 week low of $160.06 and a 52 week high of $205.21.

American Tower (NYSE:AMT - Get Free Report) last issued its quarterly 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 business had revenue of $2.75 billion during 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 business's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, analysts forecast that American Tower Corporation will post 10.8 EPS for the current year.

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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