American Tower Corporation $AMT Shares Acquired by Ieq Capital LLC

Ieq Capital LLC lifted its stake in shares of American Tower Corporation (NYSE:AMT) by 2,429.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,207 shares of the real estate investment trust’s stock after purchasing an additional 100,088 shares during the period. Ieq Capital LLC’s holdings in American Tower were worth $17,045,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oakworth Capital Inc. increased its stake in American Tower by 90.7% in the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 68 shares in the last quarter. Swiss RE Ltd. purchased a new stake in American Tower during the fourth quarter valued at about $25,000. Allied Private Wealth LLC purchased a new stake in American Tower during the second quarter valued at about $29,000. Triumph Capital Management acquired a new position in shares of American Tower in the third quarter worth about $29,000. Finally, Acumen Wealth Advisors LLC purchased a new position in shares of American Tower in the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Buying and Selling

In other American Tower news, CFO Robert Joseph Meyer sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $178.89, for a total value 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. This represents a 18.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ruth T. Dowling sold 1,106 shares of American Tower stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total transaction of $193,505.76. Following the sale, the executive vice president directly owned 27,711 shares of the company’s stock, valued at $4,848,316.56. This trade represents a 3.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 6,791 shares of company stock valued at $1,204,091. Insiders own 0.08% of the company’s stock.

American Tower Price Performance

Shares of AMT opened at $176.36 on Friday. The company has a market capitalization of $82.18 billion, a price-to-earnings ratio of 24.26, a P/E/G ratio of 2.79 and a beta of 0.90. American Tower Corporation has a fifty-two week low of $160.06 and a fifty-two week high of $214.79. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52. The business’s 50-day moving average is $171.26 and its 200-day moving average is $177.76.

American Tower (NYSE:AMT) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 EPS for the quarter, topping the consensus estimate of $1.57 by $1.14. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.70 billion. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Equities research analysts expect that American Tower Corporation will post 10.8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on AMT shares. Citizens Jmp restated a “market outperform” rating and issued a $260.00 price target on shares of American Tower in a research report on Wednesday, April 29th. The Goldman Sachs Group set a $210.00 price objective on shares of American Tower in a research report on Tuesday, July 28th. 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. BMO Capital Markets increased their target price on American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Wednesday, July 29th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $214.00 target price on shares of American Tower in a research report on Wednesday, July 29th. 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.29.

About American Tower

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.