Osmosis Investment Management UK Ltd Has $5.35 Million Stock Position in American Tower Corporation $AMT

Osmosis Investment Management UK Ltd cut its holdings in shares of American Tower Corporation (NYSE:AMT) by 16.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,689 shares of the real estate investment trust’s stock after selling 6,464 shares during the period. Osmosis Investment Management UK Ltd’s holdings in American Tower were worth $5,347,000 at the end of the most recent quarter.

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

American Tower Price Performance

American Tower stock opened at $176.36 on Monday. The stock’s 50 day moving average is $171.26 and its 200 day moving average is $177.78. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a market cap of $82.18 billion, a P/E ratio of 24.26, a P/E/G ratio of 2.78 and a beta of 0.90. American Tower Corporation has a one year low of $160.06 and a one year high of $214.79.

American Tower (NYSE:AMT) last released 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. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the firm posted $2.60 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, research analysts expect that American Tower Corporation will post 10.8 EPS for the current year.

Analyst Upgrades and Downgrades

AMT has been the topic of several research reports. The Goldman Sachs Group set a $210.00 price target on shares of American Tower in a report on Tuesday, July 28th. Sanford C. Bernstein reissued an “outperform” rating and issued a $214.00 price objective on shares of American Tower in a research note on Wednesday, July 29th. Truist Financial reaffirmed a “buy” rating and issued a $207.00 target price (down from $208.00) on shares of American Tower in a report on Wednesday, August 12th. TD Cowen increased their target price on American Tower from $225.00 to $227.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. cut their price target on American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.29.

Insider Buying and Selling at American Tower

In related news, CFO Robert Joseph Meyer sold 5,000 shares of American Tower stock in a transaction on Wednesday, July 29th. The shares were 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 owned 21,428 shares of the company’s stock, valued at $3,833,254.92. This trade represents a 18.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ruth T. Dowling sold 1,106 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total transaction 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 6,791 shares of company stock valued at $1,204,091. 0.08% of the stock is currently owned by corporate insiders.

About American Tower

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.