Callan Family Office LLC Reduces Stake in American Tower Corporation $AMT

Callan Family Office LLC trimmed its position in shares of American Tower Corporation (NYSE:AMT) by 44.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,561 shares of the real estate investment trust’s stock after selling 7,697 shares during the quarter. Callan Family Office LLC’s holdings in American Tower were worth $1,564,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Oakworth Capital Inc. grew 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 valued at $25,000 after acquiring an additional 68 shares during the last quarter. Swiss RE Ltd. acquired a new position in American Tower during the fourth quarter worth about $25,000. Triumph Capital Management purchased a new stake in shares of American Tower in the third quarter valued at about $29,000. Acumen Wealth Advisors LLC acquired a new stake in shares of American Tower in the fourth quarter valued at approximately $29,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of American Tower during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Buying and Selling at American Tower

In related news, CFO Robert Joseph Meyer sold 5,000 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total transaction of $894,450.00. Following the transaction, the chief financial officer directly owned 21,428 shares in the company, valued at approximately $3,833,254.92. This represents a 18.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ruth T. Dowling sold 1,106 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total value of $193,505.76. Following the completion of the sale, the executive vice president directly owned 27,711 shares in the company, valued at approximately $4,848,316.56. The trade was a 3.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,791 shares of company stock valued at $1,204,091 over the last quarter. Insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Scotiabank restated an “outperform” rating on shares of American Tower in a research report on Wednesday, July 29th. TD Cowen raised their price target on American Tower from $225.00 to $227.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Truist Financial reissued a “buy” rating and issued a $207.00 price target (down from $208.00) on shares of American Tower in a report on Wednesday, August 12th. Raymond James Financial restated a “strong-buy” rating and issued a $240.00 price objective on shares of American Tower in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group set a $210.00 price objective on American Tower in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, American Tower has a consensus rating of “Moderate Buy” and a consensus price target of $215.29.

American Tower Stock Performance

Shares of AMT opened at $176.36 on Monday. American Tower Corporation has a 1 year low of $160.06 and a 1 year high of $214.79. The company’s 50 day simple moving average is $171.26 and its 200 day simple moving average is $177.78. The company has a market capitalization of $82.18 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 2.78 and a beta of 0.90. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52.

American Tower (NYSE:AMT) 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 the consensus estimate of $1.57 by $1.14. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the firm posted $2.60 EPS. American Tower’s revenue was up 4.6% on a year-over-year basis. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, sell-side analysts predict 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.