American Tower Corporation $AMT Holdings Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of American Tower Corporation (NYSE:AMT) by 4.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,526,261 shares of the real estate investment trust’s stock after buying an additional 186,767 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.97% of American Tower worth $740,361,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. New Mexico Educational Retirement Board lifted its position in American Tower by 8.9% in the 2nd quarter. New Mexico Educational Retirement Board now owns 23,268 shares of the real estate investment trust’s stock worth $3,806,000 after buying an additional 1,900 shares in the last quarter. Mufg Securities Americas Inc. grew its holdings in shares of American Tower by 8.3% during the 2nd quarter. Mufg Securities Americas Inc. now owns 14,033 shares of the real estate investment trust’s stock valued at $2,295,000 after acquiring an additional 1,079 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of American Tower by 7.3% during the 2nd quarter. Van ECK Associates Corp now owns 203,505 shares of the real estate investment trust’s stock valued at $33,287,000 after acquiring an additional 13,875 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its stake in shares of American Tower by 9.2% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 5,456 shares of the real estate investment trust’s stock valued at $892,000 after buying an additional 458 shares in the last quarter. Finally, Nissay Asset Management Corp Japan increased its holdings in American Tower by 5.4% in the second quarter. Nissay Asset Management Corp Japan now owns 117,683 shares of the real estate investment trust’s stock worth $19,249,000 after buying an additional 6,077 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AMT shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $214.00 price objective on shares of American Tower in a research report on Wednesday, July 29th. Royal Bank Of Canada upgraded American Tower from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $195.00 to $205.00 in a research note on Friday, June 26th. Mizuho set a $208.00 price objective on American Tower in a report on Thursday, August 20th. Truist Financial reiterated a “buy” rating and issued a $207.00 target price (down from $208.00) on shares of American Tower in a report on Wednesday, August 12th. Finally, BMO Capital Markets boosted their target price on shares of American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, American Tower has a consensus rating of “Moderate Buy” and an average price target of $215.29.

American Tower Trading Up 1.2%

American Tower stock opened at $176.25 on Friday. The business has a 50 day moving average price of $170.87 and a two-hundred day moving average price of $177.87. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12. American Tower Corporation has a 12 month low of $160.06 and a 12 month high of $205.21. The stock has a market cap of $82.13 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 2.79 and a beta of 0.90.

American Tower (NYSE:AMT) last released 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. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the firm earned $2.60 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, equities analysts forecast that American Tower Corporation will post 10.8 EPS for the current year.

Insider Activity at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 1,106 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total value of $193,505.76. Following the sale, the executive vice president directly owned 27,711 shares in the company, valued at $4,848,316.56. This represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 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 of the company’s stock, valued at $3,833,254.92. This represents a 18.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,791 shares of company stock valued at $1,204,091 in the last 90 days. 0.08% of the stock is owned by corporate insiders.

American Tower Company 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.