Groupe la Francaise Acquires 25,508 Shares of American Tower Corporation $AMT

Groupe la Francaise boosted its stake in shares of American Tower Corporation (NYSE:AMT) by 319.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 33,505 shares of the real estate investment trust’s stock after buying an additional 25,508 shares during the period. Groupe la Francaise’s holdings in American Tower were worth $5,481,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMT. Brighton Jones LLC boosted its holdings 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 purchasing an additional 2,104 shares during the last quarter. Sivia Capital Partners LLC increased its stake in American Tower by 34.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock valued at $319,000 after buying an additional 368 shares during the last quarter. United Bank lifted its position in American Tower by 12.7% during the 2nd quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock worth $1,434,000 after buying an additional 733 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of American Tower by 2.2% during the 2nd quarter. Treasurer of the State of North Carolina now owns 218,511 shares of the real estate investment trust’s stock worth $48,295,000 after buying an additional 4,778 shares during the last quarter. Finally, Ieq Capital LLC boosted its stake in shares of American Tower by 52.2% during the 2nd quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust’s stock worth $7,570,000 after buying an additional 11,751 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

Insider Activity at American Tower

In other American Tower news, Director Rajesh Kalathur bought 2,829 shares of American Tower stock in a transaction on Friday, August 21st. The shares were purchased at an average price of $177.00 per share, with a total value of $500,733.00. Following the acquisition, the director owned 7,765 shares in the company, valued at $1,374,405. This trade represents a 57.31% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ruth T. Dowling sold 1,106 shares of American Tower stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total value of $193,505.76. Following the completion of the transaction, the executive vice president owned 27,711 shares in the company, valued at approximately $4,848,316.56. The trade was a 3.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,791 shares of company stock valued at $1,204,091 over the last three months. 0.08% of the stock is owned by insiders.

American Tower Trading Down 0.0%

AMT opened at $175.83 on Tuesday. The stock has a market capitalization of $81.93 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 2.82 and a beta of 0.89. 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 twelve month low of $160.06 and a twelve month high of $199.40. The company has a 50-day simple moving average of $171.09 and a 200 day simple moving average of $177.40.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 EPS for the quarter, beating the consensus estimate of $1.57 by $1.14. The firm had revenue of $2.75 billion for 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 business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Analysts predict that American Tower Corporation will post 10.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMT has been the subject of a number of recent analyst reports. TD Cowen increased their price target on shares of American Tower from $225.00 to $227.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Jefferies Financial Group dropped their target price on shares of American Tower from $210.00 to $201.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $214.00 target price on shares of American Tower in a research note on Wednesday, July 29th. Mizuho set a $208.00 price target on American Tower in a report on Thursday, August 20th. Finally, Truist Financial reissued a “buy” rating and set a $207.00 price target (down from $208.00) on shares of American Tower in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $215.29.

American Tower 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.