Nissay Asset Management Corp Japan Increases Position in American Tower Corporation $AMT

Nissay Asset Management Corp Japan increased its stake in shares of American Tower Corporation (NYSE:AMT) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,683 shares of the real estate investment trust’s stock after purchasing an additional 6,077 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in American Tower were worth $19,249,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. grew its holdings in American Tower by 489.1% in the first quarter. Raleigh Capital Management Inc. now owns 13,703 shares of the real estate investment trust’s stock worth $2,365,000 after purchasing an additional 11,377 shares during the last quarter. Canal Capital Management LLC increased its position in shares of American Tower by 81.9% during the first quarter. Canal Capital Management LLC now owns 34,471 shares of the real estate investment trust’s stock worth $5,949,000 after purchasing an additional 15,520 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of American Tower by 4.7% during the 4th quarter. Legal & General Group Plc now owns 4,873,695 shares of the real estate investment trust’s stock valued at $855,675,000 after purchasing an additional 220,447 shares during the last quarter. Bernzott Capital Advisors boosted its position in shares of American Tower by 29.3% in the 1st quarter. Bernzott Capital Advisors now owns 42,161 shares of the real estate investment trust’s stock worth $7,276,000 after purchasing an additional 9,556 shares in the last quarter. Finally, BIP Wealth LLC purchased a new position in American Tower during the 2nd quarter worth $1,004,000. Institutional investors own 92.69% of the company’s stock.

American Tower Price Performance

NYSE AMT opened at $176.25 on Friday. The company has a market cap of $82.13 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 2.79 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. The stock’s fifty day moving average price is $170.87 and its 200 day moving average price is $177.87. American Tower Corporation has a 1 year low of $160.06 and a 1 year high of $205.21.

American Tower (NYSE:AMT) last issued its quarterly 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 company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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 earnings per share for the current year.

Insider Buying and Selling

In other American Tower news, Director Rajesh Kalathur purchased 2,829 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were bought at an average price of $177.00 per share, for a total transaction of $500,733.00. Following the acquisition, the director owned 7,765 shares in the company, valued at $1,374,405. This represents a 57.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Robert Joseph Meyer sold 5,000 shares of the firm’s stock in a transaction that occurred on 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. This represents a 18.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,791 shares of company stock valued at $1,204,091 over the last quarter. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AMT has been the subject of a number of research analyst reports. Mizuho set a $208.00 price target on American Tower in a research note on Thursday, August 20th. Truist Financial restated a “buy” rating and set a $207.00 price target (down from $208.00) on shares of American Tower in a research note on Wednesday, August 12th. Sanford C. Bernstein restated an “outperform” rating and set a $214.00 price objective on shares of American Tower in a report on Wednesday, July 29th. TD Cowen increased their price objective on shares of American Tower from $225.00 to $227.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada upgraded shares of American Tower from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $195.00 to $205.00 in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, American Tower presently has an average rating of “Moderate Buy” and a consensus price target 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.