American Tower Corporation $AMT Shares Purchased by Sone Capital Management LLC

Sone Capital Management LLC raised its stake in shares of American Tower Corporation (NYSE:AMT) by 373.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 198,247 shares of the real estate investment trust’s stock after acquiring an additional 156,412 shares during the quarter. American Tower makes up 2.5% of Sone Capital Management LLC’s portfolio, making the stock its 4th largest holding. Sone Capital Management LLC’s holdings in American Tower were worth $32,427,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in AMT. Oakworth Capital Inc. boosted its position in American Tower by 90.7% in the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 68 shares in the last quarter. Swiss RE Ltd. bought a new position in shares of American Tower in the fourth quarter valued at approximately $25,000. Triumph Capital Management acquired a new position in shares of American Tower in the 3rd quarter worth approximately $29,000. Acumen Wealth Advisors LLC bought a new stake in American Tower during the 4th quarter worth approximately $29,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in American Tower during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Trading Up 1.5%

Shares of NYSE AMT opened at $178.38 on Tuesday. American Tower Corporation has a fifty-two week low of $160.06 and a fifty-two week high of $211.91. The firm has a market capitalization of $83.12 billion, a P/E ratio of 24.54, a P/E/G ratio of 2.78 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 company’s 50 day simple moving average is $171.11 and its 200 day simple moving average is $177.82.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 EPS for the quarter, beating the consensus estimate 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 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 quarter in the previous year, the company posted $2.60 EPS. 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.

Analyst Ratings Changes

Several analysts have recently commented on the company. BMO Capital Markets increased their target price on American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. TD Cowen raised 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. Royal Bank Of Canada upgraded shares of American Tower from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $195.00 to $205.00 in a research report on Friday, June 26th. Weiss Ratings raised shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. Finally, Mizuho set a $208.00 price objective on American Tower in a report on Thursday. One equities research 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $215.29.

Insider Transactions at American Tower

In other news, EVP Ruth T. Dowling sold 1,106 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total transaction of $193,505.76. Following the completion of the transaction, the executive vice president directly owned 27,711 shares in the company, valued at approximately $4,848,316.56. The trade was a 3.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Joseph Meyer sold 5,000 shares of the 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 completion of the sale, the chief financial officer owned 21,428 shares in the company, 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. In the last 90 days, insiders have sold 6,791 shares of company stock worth $1,204,091. Company insiders own 0.08% of the company’s stock.

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.