United Capital Financial Advisors LLC Acquires Shares of 99,063 American Tower Corporation $AMT

United Capital Financial Advisors LLC bought a new position in American Tower Corporation (NYSE:AMT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 99,063 shares of the real estate investment trust’s stock, valued at approximately $16,204,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AMT. Riverwater Partners LLC grew its position in American Tower by 3.8% during the 4th quarter. Riverwater Partners LLC now owns 1,536 shares of the real estate investment trust’s stock valued at $270,000 after purchasing an additional 56 shares during the last quarter. Triumph Capital Management raised its holdings in American Tower by 37.3% in the fourth quarter. Triumph Capital Management now owns 206 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 56 shares during the last quarter. Twin City Private Wealth LLC lifted its stake in shares of American Tower by 0.7% in the fourth quarter. Twin City Private Wealth LLC now owns 7,799 shares of the real estate investment trust’s stock worth $1,382,000 after buying an additional 58 shares in the last quarter. Asset Advisory Group Inc. lifted its stake in shares of American Tower by 3.0% in the first quarter. Asset Advisory Group Inc. now owns 2,072 shares of the real estate investment trust’s stock worth $358,000 after buying an additional 60 shares in the last quarter. Finally, Argent Advisors Inc. grew its holdings in shares of American Tower by 0.9% during the fourth quarter. Argent Advisors Inc. now owns 6,625 shares of the real estate investment trust’s stock valued at $1,163,000 after buying an additional 61 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling at American Tower

In other American Tower news, CFO Robert Joseph Meyer sold 5,000 shares of the firm’s stock in a transaction dated 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 directly owned 21,428 shares of the company’s stock, valued at approximately $3,833,254.92. This trade represents a 18.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ruth T. Dowling sold 1,106 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total value of $193,505.76. Following the sale, the executive vice president owned 27,711 shares of the company’s stock, valued at approximately $4,848,316.56. This represents a 3.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 6,791 shares of company stock valued at $1,204,091. 0.08% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMT. Mizuho set a $208.00 price objective on shares of American Tower in a report on Thursday, August 20th. BMO Capital Markets increased their target price on American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. Wolfe Research raised American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 target price for the company in a report on Wednesday, July 8th. Sanford C. Bernstein restated an “outperform” rating and issued a $214.00 price target on shares of American Tower in a research note on Wednesday, July 29th. Finally, TD Cowen upped their price target on American Tower from $225.00 to $227.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. One 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $215.29.

American Tower Stock Down 0.9%

Shares of American Tower stock opened at $174.15 on Friday. American Tower Corporation has a twelve month low of $160.06 and a twelve month high of $205.21. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12. The company’s 50 day moving average is $170.86 and its 200 day moving average is $177.88. The company has a market cap of $81.15 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 2.78 and a beta of 0.90.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $1.14. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.70 billion. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Research analysts anticipate that American Tower Corporation will post 10.8 EPS 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.