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

Corient Private Wealth LP grew its holdings in American Tower Corporation (NYSE:AMT) by 39.9% during the second quarter, HoldingsChannel.com reports. The firm owned 764,931 shares of the real estate investment trust’s stock after acquiring an additional 218,104 shares during the quarter. Corient Private Wealth LP’s holdings in American Tower were worth $125,120,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AMT. BlackRock Inc. bought a new stake in American Tower during the 2nd quarter valued at about $7,490,943,000. J. Stern & Co. LLP boosted its position 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. grew its stake in American Tower by 20,721.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock worth $1,705,254,000 after acquiring an additional 9,666,025 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of American Tower during the second quarter worth approximately $1,096,186,000. Finally, Norges Bank purchased a new position in shares of American Tower during the fourth quarter worth approximately $1,171,180,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMT has been the subject of a number of research reports. The Goldman Sachs Group set a $210.00 price target on American Tower in a report on Tuesday, July 28th. Scotiabank restated an “outperform” rating on shares of American Tower in a report on Wednesday, July 29th. Weiss Ratings raised American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Raymond James Financial reiterated a “strong-buy” rating and issued a $240.00 target price on shares of American Tower in a report on Wednesday, April 29th. Finally, Wolfe Research raised American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price target on the stock in a research 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 given a Hold rating to the company. Based on data from MarketBeat, American Tower has a consensus rating of “Moderate Buy” and an average price target of $215.29.

American Tower Trading Down 1.6%

NYSE:AMT opened at $175.78 on Thursday. The firm has a 50-day simple moving average of $170.89 and a 200-day simple moving average of $177.86. American Tower Corporation has a one year low of $160.06 and a one year high of $208.03. The firm has a market cap of $81.91 billion, a P/E ratio of 24.18, a P/E/G ratio of 2.83 and a beta of 0.90. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52.

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

Insiders Place Their Bets

In other news, CFO Robert Joseph Meyer sold 5,000 shares of the business’s stock in a transaction on 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 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 legal filing with the SEC, which is accessible through this link. 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 $4,848,316.56. This trade represents a 3.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,791 shares of company stock worth $1,204,091 over the last 90 days. Company insiders own 0.08% of the company’s stock.

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.