American Tower Corporation $AMT Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of American Tower Corporation (NYSE:AMT) by 13.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,821,488 shares of the real estate investment trust’s stock after purchasing an additional 222,411 shares during the quarter. Hsbc Holdings PLC owned about 0.39% of American Tower worth $298,797,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMT. Swiss RE Ltd. purchased a new stake in American Tower during the fourth quarter worth approximately $25,000. Triumph Capital Management acquired a new position in shares of American Tower during the 3rd quarter valued at $29,000. Acumen Wealth Advisors LLC acquired a new position in shares of American Tower during the 4th quarter valued at $29,000. Lloyd Advisory Services LLC. purchased a new stake in American Tower during the 4th quarter worth $30,000. Finally, Allied Private Wealth LLC purchased a new stake in American Tower during the 2nd quarter worth $29,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Activity at American Tower

In related news, CFO Robert Joseph Meyer sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total transaction of $894,450.00. Following the completion of the transaction, the chief financial officer directly owned 21,428 shares in the company, valued at $3,833,254.92. This represents a 18.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rajesh Kalathur bought 2,829 shares of the company’s stock in a transaction on Friday, August 21st. The stock was bought at an average cost of $177.00 per share, for a total transaction of $500,733.00. Following the completion of the transaction, the director directly owned 7,765 shares of the company’s stock, valued at $1,374,405. This trade represents a 57.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 6,791 shares of company stock worth $1,204,091 in the last 90 days. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Scotiabank reissued an “outperform” rating on shares of American Tower in a research report on Wednesday, July 29th. Mizuho set a $208.00 target price on American Tower in a report on Thursday, August 20th. Jefferies Financial Group reduced their price target on American Tower from $210.00 to $201.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. The Goldman Sachs Group set a $210.00 price target on American Tower in a report on Tuesday, July 28th. Finally, Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $215.29.

American Tower Trading Down 0.0%

American Tower stock opened at $175.83 on Monday. American Tower Corporation has a 1 year low of $160.06 and a 1 year high of $199.40. The firm’s 50-day moving average is $170.94 and its 200-day moving average is $177.52. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market cap of $81.93 billion, a P/E ratio of 24.19, a PEG ratio of 2.82 and a beta of 0.89.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (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 firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the company posted $2.60 earnings per share. American Tower’s revenue was up 4.6% on a year-over-year basis. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, equities analysts expect that American Tower Corporation will post 10.8 earnings per share for the current year.

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.