Presima Securities ULC Has $3.96 Million Stock Holdings in American Tower Corporation $AMT

Presima Securities ULC increased its holdings in shares of American Tower Corporation (NYSE:AMT) by 1.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,210 shares of the real estate investment trust’s stock after buying an additional 344 shares during the period. American Tower comprises approximately 0.9% of Presima Securities ULC’s portfolio, making the stock its 17th largest position. Presima Securities ULC’s holdings in American Tower were worth $3,962,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMT. Brighton Jones LLC lifted its position in shares of American Tower by 113.0% in the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after purchasing an additional 2,104 shares during the period. Algert Global LLC acquired a new position in shares of American Tower in the 4th quarter worth approximately $1,640,000. Cresset Asset Management LLC lifted its position in shares of American Tower by 29.2% in the 4th quarter. Cresset Asset Management LLC now owns 6,587 shares of the real estate investment trust’s stock worth $1,213,000 after purchasing an additional 1,488 shares during the period. Ethic Inc. lifted its position in shares of American Tower by 4.7% in the 4th quarter. Ethic Inc. now owns 47,294 shares of the real estate investment trust’s stock worth $8,674,000 after purchasing an additional 2,123 shares during the period. Finally, Focus Partners Wealth lifted its position in shares of American Tower by 4.2% in the 4th quarter. Focus Partners Wealth now owns 272,811 shares of the real estate investment trust’s stock worth $52,720,000 after purchasing an additional 10,998 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMT. HSBC downgraded shares of American Tower from a “buy” rating to a “hold” rating and set a $235.00 price target on the stock. in a research report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their target price on shares of American Tower from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Wells Fargo & Company dropped their target price on shares of American Tower from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Bank of America initiated coverage on shares of American Tower in a research report on Monday, May 19th. They set a “buy” rating and a $255.00 target price on the stock. Finally, Raymond James Financial set a $250.00 target price on shares of American Tower and gave the company a “strong-buy” rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $244.73.

American Tower Stock Performance

Shares of AMT stock opened at $198.36 on Friday. The firm has a market capitalization of $92.88 billion, a PE ratio of 72.13, a price-to-earnings-growth ratio of 1.22 and a beta of 0.86. The firm has a fifty day simple moving average of $213.60 and a two-hundred day simple moving average of $213.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 3.36. American Tower Corporation has a 12 month low of $172.51 and a 12 month high of $243.56.

American Tower (NYSE:AMT) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.58 billion. American Tower had a net margin of 12.60% and a return on equity of 24.85%. American Tower’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.79 EPS. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. Analysts forecast that American Tower Corporation will post 10.14 EPS for the current fiscal year.

Insider Buying and Selling

In other American Tower news, CEO Juan Font sold 720 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $208.33, for a total transaction of $149,997.60. Following the completion of the sale, the chief executive officer owned 23,425 shares in the company, valued at approximately $4,880,130.25. The trade was a 2.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.

About American Tower

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.