Corient Private Wealth LP Lowers Holdings in American Tower Corporation $AMT

Corient Private Wealth LP lowered its holdings in shares of American Tower Corporation (NYSE:AMT) by 7.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 505,701 shares of the real estate investment trust’s stock after selling 41,126 shares during the period. Corient Private Wealth LP’s holdings in American Tower were worth $82,719,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMT. Amundi grew its holdings in American Tower by 5.6% during the 2nd quarter. Amundi now owns 4,045,753 shares of the real estate investment trust’s stock valued at $661,757,000 after buying an additional 215,220 shares in the last quarter. Groupe la Francaise boosted its holdings in shares of American Tower by 319.0% during the 2nd quarter. Groupe la Francaise now owns 33,505 shares of the real estate investment trust’s stock valued at $5,481,000 after purchasing an additional 25,508 shares during the last quarter. CYBER HORNET ETFs LLC grew its position in shares of American Tower by 81.5% during the second quarter. CYBER HORNET ETFs LLC now owns 2,334 shares of the real estate investment trust’s stock valued at $360,000 after purchasing an additional 1,048 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of American Tower by 17,056.3% in the second quarter. California State Teachers Retirement System now owns 117,012,907 shares of the real estate investment trust’s stock worth $19,139,801,000 after buying an additional 116,330,867 shares in the last quarter. Finally, Kintra Wealth LLC purchased a new stake in shares of American Tower in the second quarter worth about $635,000. 92.69% of the stock is currently owned by institutional investors.

Key American Tower News

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: Brokerages maintain a consensus “Moderate Buy” recommendation, supporting investor confidence in American Tower’s long-term outlook. American Tower Receives Moderate Buy Recommendation
• Positive Sentiment: Recent value-investing coverage is comparing American Tower favorably with Host Hotels, while another article highlights AMT as a potential high-yield dividend opportunity for investors seeking recurring income. These reports may be attracting income-oriented buyers. HST or AMT: Which Is the Better Value Stock? High-Yielding Monthly Dividend Investments
• Positive Sentiment: At recent investor conferences, management discussed American Tower’s telecommunications infrastructure business and its growth outlook, giving investors additional insight into operations and future demand. American Tower at Citi’s Global TMT Conference
• Neutral Sentiment: American Tower priced $1.6 billion of senior unsecured notes due in 2031, 2033 and 2036, with coupon rates ranging from 5.300% to 5.560%. The offering provides long-term funding but also adds to the company’s already substantial debt burden. American Tower Prices Senior Notes Offering
• Negative Sentiment: American Tower recently underperformed the broader market in a prior session, indicating some continued pressure from valuation, interest-rate sensitivity and leverage concerns. American Tower Dips More Than the Broader Market

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMT. Wolfe Research raised American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price objective on the stock in a report on Wednesday, July 8th. BMO Capital Markets increased their price target on American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Wednesday, July 29th. The Goldman Sachs Group set a $210.00 price target on American Tower in a research report on Tuesday, July 28th. Weiss Ratings raised shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Finally, Mizuho set a $208.00 target price on shares of American Tower in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $215.29.

Insider Transactions at American Tower

In other news, Director Rajesh Kalathur bought 2,829 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average price of $177.00 per share, with a total value of $500,733.00. Following the completion of the transaction, the director directly owned 7,765 shares of the company’s stock, valued at approximately $1,374,405. The trade was a 57.31% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the chief financial officer owned 21,428 shares in the company, valued at approximately $3,833,254.92. This trade 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 three months, insiders sold 6,791 shares of company stock valued at $1,204,091. Corporate insiders own 0.08% of the company’s stock.

American Tower Stock Up 3.2%

Shares of American Tower stock opened at $178.45 on Friday. 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 has a market cap of $83.15 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 2.78 and a beta of 0.89. The firm’s 50-day moving average is $171.91 and its two-hundred day moving average is $177.17. American Tower Corporation has a 1 year low of $160.06 and a 1 year high of $199.13.

American Tower (NYSE:AMT) last issued 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 net margin of 31.08% and a return on equity of 32.76%. American Tower’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 firm posted $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, research analysts expect that American Tower Corporation will post 10.8 earnings per share for the current fiscal year.

American Tower Profile

American Tower Corporation (NYSE:AMT) is a global owner, operator and developer of wireless communications infrastructure. The company leases space on communications sites, including towers, rooftops and other structures, to wireless carriers, broadcasters, government agencies and other customers. Its infrastructure supports wireless networks and the transmission of voice, data and video services.

In addition to traditional macro towers, American Tower provides distributed antenna systems and other in-building or venue-based communications solutions designed to improve wireless coverage and capacity.