Corient Private Wealth LP Purchases 218,104 Shares of American Tower Corporation $AMT

Corient Private Wealth LP raised its position in shares of American Tower Corporation (NYSE:AMT) by 39.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 764,931 shares of the real estate investment trust’s stock after purchasing an additional 218,104 shares during the quarter. Corient Private Wealth LP owned 0.16% of American Tower worth $125,120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Oakworth Capital Inc. raised its position in American Tower by 90.7% in the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 68 shares during the period. Swiss RE Ltd. bought a new stake in shares of American Tower during the 4th quarter valued at $25,000. Triumph Capital Management purchased a new stake in shares of American Tower in the 3rd quarter worth $29,000. Acumen Wealth Advisors LLC purchased a new position in American Tower during the fourth quarter valued at $29,000. Finally, Lloyd Advisory Services LLC. bought a new stake in American Tower during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

AMT has been the topic of a number of analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $214.00 price objective on shares of American Tower in a research report on Wednesday, July 29th. Truist Financial reissued a “buy” rating and issued a $207.00 target price (down from $208.00) on shares of American Tower in a report on Wednesday, August 12th. Mizuho set a $208.00 target price on shares of American Tower in a research note on Thursday, August 20th. The Goldman Sachs Group set a $210.00 price target on shares of American Tower in a report on Tuesday, July 28th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $240.00 price target on shares of American Tower in a research report on Wednesday, April 29th. One 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 stock. According to data from MarketBeat, American Tower has a consensus rating of “Moderate Buy” and a consensus target price of $215.29.

Insider Buying and Selling at American Tower

In related news, CFO Robert Joseph Meyer sold 5,000 shares of American Tower stock in a transaction dated 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 transaction, the chief financial officer directly owned 21,428 shares of the company’s stock, valued at approximately $3,833,254.92. The trade was a 18.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rajesh Kalathur purchased 2,829 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average price 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 in the company, valued at $1,374,405. The trade was a 57.31% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 6,791 shares of company stock worth $1,204,091 over the last quarter. Insiders own 0.08% of the company’s stock.

American Tower Trading Down 1.6%

AMT stock opened at $175.78 on Thursday. The firm has a fifty day moving average price of $170.89 and a 200 day moving average price of $177.86. American Tower Corporation has a fifty-two week low of $160.06 and a fifty-two week high of $208.03. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market cap of $81.91 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 2.83 and a beta of 0.90.

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

American Tower Company 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.