American Tower Corporation $AMT Shares Acquired by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. lifted its stake in shares of American Tower Corporation (NYSE:AMT) by 0.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,649 shares of the real estate investment trust’s stock after acquiring an additional 380 shares during the period. GW Henssler & Associates Ltd.’s holdings in American Tower were worth $19,943,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AMT. Brighton Jones LLC lifted its position in American Tower by 113.0% during the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after buying an additional 2,104 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in American Tower by 13.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 36,764 shares of the real estate investment trust’s stock worth $6,743,000 after buying an additional 4,462 shares during the period. AlTi Global Inc. lifted its position in American Tower by 3.1% during the fourth quarter. AlTi Global Inc. now owns 5,711 shares of the real estate investment trust’s stock worth $1,058,000 after buying an additional 173 shares during the period. Aptus Capital Advisors LLC lifted its position in American Tower by 24.7% during the fourth quarter. Aptus Capital Advisors LLC now owns 61,809 shares of the real estate investment trust’s stock worth $11,410,000 after buying an additional 12,230 shares during the period. Finally, Algert Global LLC purchased a new position in American Tower during the fourth quarter worth about $1,640,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other American Tower news, CEO Juan Font sold 720 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was 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 $4,880,130.25. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.17% of the company’s stock.

American Tower Price Performance

AMT stock opened at $203.70 on Monday. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.95 and a current ratio of 0.95. American Tower Corporation has a 1 year low of $172.51 and a 1 year high of $243.56. The firm has a market cap of $95.38 billion, a P/E ratio of 74.07, a price-to-earnings-growth ratio of 1.26 and a beta of 0.86. The stock has a 50-day simple moving average of $215.77 and a 200-day simple moving average of $213.34.

American Tower (NYSE:AMT) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. American Tower had a return on equity of 24.85% and a net margin of 12.60%.The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter last year, the firm earned $2.79 earnings per share. The company’s revenue for the quarter 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, equities analysts predict that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barclays increased their target price on American Tower from $246.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Raymond James Financial set a $250.00 target price on shares of American Tower and gave the stock a “strong-buy” rating in a research report on Wednesday, July 30th. HSBC cut 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. Bank of America began coverage on shares of American Tower in a research report on Monday, May 19th. They issued a “buy” rating and a $255.00 price objective for the company. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of American Tower in a research note on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, American Tower currently has an average rating of “Moderate Buy” and a consensus target price of $244.73.

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.