1,450 Shares in American Tower Corporation $AMT Acquired by Warwick Investment Management Inc.

Key Points

• Warwick Investment Management Inc. invested $316,000 in 1,450 shares of American Tower Corporation ($AMT) during Q1, signaling confidence in the real estate investment trust.
• American Tower reported quarterly earnings of $2.60 per share, surpassing expectations, while also setting FY 2025 guidance at 10.460-10.650 EPS.
• The consensus rating for American Tower is a "Moderate Buy," with a target price averaging $244.73, according to several brokerages evaluating the stock.

Warwick Investment Management Inc. acquired a new position in shares of American Tower Corporation (NYSE:AMT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,450 shares of the real estate investment trust's stock, valued at approximately $316,000.

Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its position in shares of American Tower by 23.0% in the first quarter. Golden State Wealth Management LLC now owns 369 shares of the real estate investment trust's stock worth $80,000 after purchasing an additional 69 shares during the period. Shum Financial Group Inc. increased its position in shares of American Tower by 3.5% in the first quarter. Shum Financial Group Inc. now owns 4,196 shares of the real estate investment trust's stock worth $913,000 after purchasing an additional 141 shares during the period. Kovitz Investment Group Partners LLC increased its position in shares of American Tower by 126.0% in the first quarter. Kovitz Investment Group Partners LLC now owns 97,495 shares of the real estate investment trust's stock worth $21,215,000 after purchasing an additional 54,360 shares during the period. AEGON ASSET MANAGEMENT UK Plc increased its position in shares of 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 worth $50,487,000 after purchasing an additional 27,194 shares during the period. Finally, Georgetown University increased its position in shares of American Tower by 128.2% in the fourth quarter. Georgetown University now owns 45,654 shares of the real estate investment trust's stock worth $8,373,000 after purchasing an additional 25,651 shares during the period. Institutional investors own 92.69% of the company's stock.

Insider Activity at American Tower

In other news, CEO Juan Font sold 720 shares of American Tower stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $208.33, for a total transaction of $149,997.60. Following the sale, the chief executive officer directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.17% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. HSBC cut American Tower from a "buy" rating to a "hold" rating and set a $235.00 price target on the stock. in a research report on Wednesday, July 30th. JPMorgan Chase & Co. raised their price target on American Tower from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Raymond James Financial set a $250.00 price target on American Tower and gave the stock a "strong-buy" rating in a research report on Wednesday, July 30th. UBS Group raised their price objective on American Tower from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Hsbc Global Res lowered American Tower from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $244.73.

American Tower Trading Up 0.6%

Shares of AMT stock traded up $1.14 during mid-day trading on Friday, reaching $203.70. 2,618,098 shares of the stock traded hands, compared to its average volume of 2,357,579. The stock's fifty day simple moving average is $215.77 and its two-hundred day simple moving average is $213.18. American Tower Corporation has a 1-year low of $172.51 and a 1-year high of $243.56. The company has a market cap of $95.38 billion, a price-to-earnings ratio of 74.07, a price-to-earnings-growth ratio of 1.26 and a beta of 0.82. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 3.36.

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

About American Tower

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.