Wellington Management Group LLP Raises Position in American Tower Corporation $AMT

Wellington Management Group LLP increased its holdings in American Tower Corporation (NYSE:AMT) by 6.0% in the second quarter, Holdings Channel.com reports. The firm owned 792,311 shares of the real estate investment trust’s stock after purchasing an additional 44,576 shares during the period. Wellington Management Group LLP’s holdings in American Tower were worth $129,598,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in American Tower during the second quarter worth about $7,490,943,000. J. Stern & Co. LLP grew its holdings in American Tower by 28,121.1% in the 4th quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust’s stock valued at $6,616,703,000 after buying an additional 37,553,436 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of American Tower by 20,721.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock valued at $1,705,254,000 after acquiring an additional 9,666,025 shares during the last quarter. Deutsche Bank AG purchased a new position in shares of American Tower during the 2nd quarter worth about $1,096,186,000. Finally, Norges Bank purchased a new position in shares of American Tower during the 4th quarter worth about $1,171,180,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMT has been the subject of a number of recent analyst reports. TD Cowen boosted their target price on shares of American Tower from $225.00 to $227.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Royal Bank Of Canada raised shares of American Tower from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $195.00 to $205.00 in a research note on Friday, June 26th. Wolfe Research upgraded shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price target on the stock in a report on Wednesday, July 8th. Jefferies Financial Group dropped their price objective on American Tower from $210.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Finally, The Goldman Sachs Group set a $210.00 target price on American Tower in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, American Tower has an average rating of “Moderate Buy” and an average price target of $215.29.

American Tower Stock Up 0.1%

Shares of NYSE:AMT opened at $175.84 on Wednesday. The company has a market capitalization of $81.93 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 2.82 and a beta of 0.89. The company has a 50 day moving average of $170.79 and a two-hundred day moving average of $177.85. American Tower Corporation has a 52-week low of $160.06 and a 52-week high of $205.21. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12.

American Tower (NYSE:AMT) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $1.14. The business 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 business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, analysts forecast that American Tower Corporation will post 10.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other American Tower news, Director Rajesh Kalathur bought 2,829 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were acquired at an average cost of $177.00 per share, with a total value of $500,733.00. Following the completion of the transaction, the director owned 7,765 shares in the company, valued at $1,374,405. The trade was a 57.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert Joseph Meyer sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the completion of the transaction, the chief financial officer owned 21,428 shares in the company, valued at approximately $3,833,254.92. This trade represents a 18.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,791 shares of company stock worth $1,204,091 in the last quarter. 0.08% of the stock is owned by corporate insiders.

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.