American Tower (NYSE:AMT) Director Rajesh Kalathur Purchases 2,829 Shares of Stock

American Tower Corporation (NYSE:AMT) Director Rajesh Kalathur acquired 2,829 shares of American Tower stock in a transaction on Friday, August 21st. The shares were purchased at an average cost of $177.00 per share, with a total value of $500,733.00. Following the completion of the acquisition, the director owned 7,765 shares of the company’s stock, valued at $1,374,405. This trade represents a 57.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

American Tower Stock Performance

NYSE:AMT opened at $178.66 on Wednesday. The company has a market capitalization of $83.25 billion, a P/E ratio of 24.58, a P/E/G ratio of 2.82 and a beta of 0.90. The business has a fifty day simple moving average of $171.00 and a two-hundred day simple moving average of $177.83. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52. American Tower Corporation has a 1 year low of $160.06 and a 1 year high of $209.10.

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, beating analysts’ consensus estimates of $1.57 by $1.14. The firm had revenue of $2.75 billion for 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 business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, analysts expect that American Tower Corporation will post 10.8 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Oakworth Capital Inc. lifted its position in American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 68 shares during the last quarter. Swiss RE Ltd. bought a new stake in shares of American Tower during the 4th quarter worth $25,000. Triumph Capital Management purchased a new position in American Tower in the third quarter worth $29,000. Operose Advisors LLC bought a new position in American Tower in the second quarter valued at $25,000. Finally, Acumen Wealth Advisors LLC purchased a new stake in American Tower during the fourth quarter valued at about $29,000. 92.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein reiterated an “outperform” rating and set a $214.00 target price on shares of American Tower in a research report on Wednesday, July 29th. BMO Capital Markets boosted their price target on shares of American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. Jefferies Financial Group dropped their price objective on American Tower from $210.00 to $201.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Raymond James Financial reissued a “strong-buy” rating and issued a $240.00 price target on shares of American Tower in a report on Wednesday, April 29th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $207.00 price target (down from $208.00) on shares of American Tower in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $215.29.

About American Tower

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.