3,064 Shares in American Tower Corporation $AMT Bought by Brasada Capital Management LP

Brasada Capital Management LP bought a new position in shares of American Tower Corporation (NYSE:AMT) in the second quarter, HoldingsChannel.com reports. The firm bought 3,064 shares of the real estate investment trust’s stock, valued at approximately $501,000.

A number of other hedge funds also recently bought and sold shares of AMT. Swiss RE Ltd. acquired a new stake in shares of American Tower in the fourth quarter valued at about $25,000. Triumph Capital Management acquired a new position in shares of American Tower during the 3rd quarter worth about $29,000. Acumen Wealth Advisors LLC bought a new stake in American Tower during the 4th quarter valued at approximately $29,000. Lloyd Advisory Services LLC. bought a new stake in American Tower during the 4th quarter valued at approximately $30,000. Finally, Allied Private Wealth LLC acquired a new stake in American Tower in the 2nd quarter valued at approximately $29,000. 92.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group set a $210.00 price target on American Tower in a report on Tuesday, July 28th. Mizuho set a $208.00 price objective on shares of American Tower in a research note on Thursday, August 20th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $214.00 target price on shares of American Tower in a research report on Wednesday, July 29th. Jefferies Financial Group cut their target price on shares of American Tower from $210.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Finally, TD Cowen increased their price target 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. One 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 company. According to MarketBeat, American Tower currently has an average rating of “Moderate Buy” and a consensus target price of $215.29.

Insider Buying and Selling

In other news, EVP Ruth T. Dowling sold 1,106 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total value of $193,505.76. Following the completion of the transaction, the executive vice president owned 27,711 shares in the company, valued at approximately $4,848,316.56. This represents a 3.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Joseph Meyer sold 5,000 shares of the firm’s 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 of the company’s stock, valued at $3,833,254.92. The trade was a 18.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,791 shares of company stock valued at $1,204,091 over the last ninety days. 0.08% of the stock is owned by company insiders.

American Tower Trading Down 0.9%

Shares of AMT opened at $174.15 on Friday. The stock’s 50-day moving average price is $170.86 and its 200 day moving average price is $177.88. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12. The firm has a market capitalization of $81.15 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 2.78 and a beta of 0.90. American Tower Corporation has a 12-month low of $160.06 and a 12-month high of $205.21.

American Tower (NYSE:AMT) last announced its quarterly earnings data 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 company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, research analysts predict that American Tower Corporation will post 10.8 earnings per share for the current 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.