RB Capital Management LLC Takes Position in American Tower Corporation $AMT

RB Capital Management LLC purchased a new position in American Tower Corporation (NYSE:AMT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,060 shares of the real estate investment trust’s stock, valued at approximately $501,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMT. Swiss RE Ltd. purchased a new stake in American Tower in the fourth quarter worth $25,000. Triumph Capital Management bought a new stake in shares of American Tower during the third quarter worth $29,000. Acumen Wealth Advisors LLC purchased a new stake in shares of American Tower during the fourth quarter valued at $29,000. Allied Private Wealth LLC purchased a new stake in shares of American Tower during the second quarter valued at $29,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of American Tower in the fourth quarter worth about $30,000. 92.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMT. Jefferies Financial Group decreased their price objective on shares of American Tower from $210.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. BMO Capital Markets upped their target price on shares of American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group set a $210.00 price target on shares of American Tower in a research note on Tuesday, July 28th. TD Cowen boosted their price target on American Tower from $225.00 to $227.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Truist Financial reissued a “buy” rating and issued a $207.00 price objective (down from $208.00) on shares of American Tower in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, American Tower has an average rating of “Moderate Buy” and a consensus price target of $215.29.

American Tower Stock Performance

AMT stock opened at $176.25 on Friday. American Tower Corporation has a 1-year low of $160.06 and a 1-year high of $205.21. The business has a 50-day moving average price of $170.87 and a 200 day moving average price of $177.87. The company has a market capitalization of $82.13 billion, a P/E ratio of 24.24, a PEG ratio of 2.76 and a beta of 0.90. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $1.14. The company had revenue of $2.75 billion for 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% on a year-over-year basis. During the same period in the prior year, the business earned $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, equities research analysts forecast that American Tower Corporation will post 10.8 EPS for the current fiscal year.

Insider Transactions at American Tower

In other American Tower news, Director Rajesh Kalathur acquired 2,829 shares of American Tower stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average price of $177.00 per share, with a total value of $500,733.00. Following the completion of the purchase, the director directly owned 7,765 shares of the company’s stock, valued at approximately $1,374,405. This represents a 57.31% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ruth T. Dowling sold 1,106 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total value of $193,505.76. Following the sale, the executive vice president owned 27,711 shares of the company’s stock, valued at approximately $4,848,316.56. This represents a 3.84% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Company insiders own 0.08% of the company’s stock.

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.