American Tower Corporation $AMT Stock Position Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC grew its holdings in shares of American Tower Corporation (NYSE:AMT) by 13.9% during the second quarter, Holdings Channel.com reports. The firm owned 1,821,488 shares of the real estate investment trust’s stock after buying an additional 222,411 shares during the quarter. Hsbc Holdings PLC’s holdings in American Tower were worth $298,797,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of AMT. Swiss RE Ltd. bought a new position in American Tower in the 4th quarter valued at about $25,000. Triumph Capital Management bought a new stake in shares of American Tower during the 3rd quarter worth about $29,000. Acumen Wealth Advisors LLC acquired a new stake in shares of American Tower in the 4th quarter worth approximately $29,000. Lloyd Advisory Services LLC. bought a new position in shares of American Tower in the fourth quarter valued at approximately $30,000. Finally, Allied Private Wealth LLC bought a new position in shares of American Tower in the second quarter valued at approximately $29,000. 92.69% of the stock is currently owned by institutional investors.

American Tower Price Performance

NYSE AMT opened at $175.83 on Monday. American Tower Corporation has a 1 year low of $160.06 and a 1 year high of $199.40. The stock’s 50-day moving average price is $170.94 and its two-hundred day moving average price is $177.52. The company has a market cap of $81.93 billion, a PE ratio of 24.19, a PEG ratio of 2.82 and a beta of 0.89. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.12.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping 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 business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the firm posted $2.60 earnings per share. The firm’s quarterly 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. On average, analysts predict that American Tower Corporation will post 10.8 EPS for the current year.

Insiders Place Their Bets

In other American Tower news, CFO Robert Joseph Meyer sold 5,000 shares of American Tower stock in a transaction that occurred on Wednesday, July 29th. The shares were 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. The trade was a 18.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rajesh Kalathur bought 2,829 shares of the business’s stock in a transaction on Friday, August 21st. The shares were purchased at an average cost of $177.00 per share, for a total transaction of $500,733.00. Following the completion of the purchase, the director owned 7,765 shares in the company, valued at approximately $1,374,405. This trade represents a 57.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have sold 6,791 shares of company stock worth $1,204,091. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AMT shares. Weiss Ratings raised American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. Truist Financial reiterated a “buy” rating and set a $207.00 price target (down from $208.00) on shares of American Tower in a research report on Wednesday, August 12th. The Goldman Sachs Group set a $210.00 price objective on American Tower in a research note on Tuesday, July 28th. Sanford C. Bernstein restated an “outperform” rating and issued a $214.00 price objective on shares of American Tower in a report on Wednesday, July 29th. Finally, Wolfe Research raised American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 target price on the stock in a report on Wednesday, July 8th. One 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $215.29.

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.