1,746 Shares in American Tower Corporation $AMT Purchased by FJ Capital Management LLC

FJ Capital Management LLC purchased a new position in American Tower Corporation (NYSE:AMT) during the 1st quarter, Holdings Channel reports. The fund purchased 1,746 shares of the real estate investment trust’s stock, valued at approximately $380,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. North Capital Inc. purchased a new position in American Tower during the 1st quarter valued at about $25,000. Hopwood Financial Services Inc. increased its position in American Tower by 100.0% during the 1st quarter. Hopwood Financial Services Inc. now owns 120 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 60 shares during the period. Minot DeBlois Advisors LLC purchased a new position in American Tower during the 4th quarter valued at about $29,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in American Tower during the 1st quarter valued at about $31,000. Finally, Lowe Wealth Advisors LLC increased its position in American Tower by 218.0% during the 1st quarter. Lowe Wealth Advisors LLC now owns 159 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 109 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. UBS Group raised their target price on shares of American Tower from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Wells Fargo & Company cut 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. Royal Bank Of Canada raised their target price on shares of American Tower from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. raised 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. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of American Tower in a research report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $244.73.

American Tower Stock Up 0.6%

Shares of American Tower stock opened at $203.70 on Monday. The firm’s 50 day moving average price is $215.77 and its 200-day moving average price is $213.34. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 3.36. American Tower Corporation has a 52-week low of $172.51 and a 52-week high of $243.56. The company has a market cap of $95.38 billion, a P/E ratio of 74.07, a PEG ratio of 1.26 and a beta of 0.86.

American Tower (NYSE:AMT) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $2.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. American Tower had a net margin of 12.60% and a return on equity of 24.85%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the firm earned $2.79 EPS. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. On average, sell-side analysts predict that American Tower Corporation will post 10.14 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Juan Font sold 720 shares of American Tower stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $208.33, for a total value of $149,997.60. Following the completion of the sale, the chief executive officer directly owned 23,425 shares in the company, valued at $4,880,130.25. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by company insiders.

American Tower Profile

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.