Corient Private Wealth LP Invests $83.98 Million in American Tower Corporation $AMT

Corient Private Wealth LP purchased a new position in American Tower Corporation (NYSE:AMT) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 761,891 shares of the real estate investment trust’s stock, valued at approximately $83,982,000. Corient Private Wealth LP owned 0.16% of American Tower at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in American Tower during the second quarter worth $7,490,943,000. J. Stern & Co. LLP increased its position in shares of American Tower by 28,121.1% in the fourth quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust’s stock valued at $6,616,703,000 after buying an additional 37,553,436 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of American Tower by 20,721.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,712,672 shares of the real estate investment trust’s stock valued at $1,705,254,000 after buying an additional 9,666,025 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of American Tower during the 2nd quarter worth $1,096,186,000. Finally, Norges Bank acquired a new position in shares of American Tower during the 4th quarter worth $1,171,180,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AMT shares. Truist Financial reissued a “buy” rating and issued a $207.00 price objective (down from $208.00) on shares of American Tower in a research note on Wednesday, August 12th. Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Mizuho set a $208.00 price target on shares of American Tower in a report on Thursday, August 20th. Royal Bank Of Canada upgraded shares of American Tower from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $195.00 to $205.00 in a research report on Friday, June 26th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $240.00 price objective on shares of American Tower in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $215.29.

Insider Activity at American Tower

In other American Tower news, EVP Ruth T. Dowling sold 1,106 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was 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 directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur purchased 2,829 shares of American Tower stock in a transaction on Friday, August 21st. The shares were acquired at an average cost of $177.00 per share, for a total transaction of $500,733.00. Following the purchase, the director owned 7,765 shares in the company, valued at approximately $1,374,405. This trade represents a 57.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 6,791 shares of company stock valued at $1,204,091. Company insiders own 0.08% of the company’s stock.

American Tower Trading Down 1.6%

American Tower stock opened at $175.78 on Thursday. The stock has a 50-day moving average price of $170.89 and a 200 day moving average price of $177.86. American Tower Corporation has a 52 week low of $160.06 and a 52 week high of $208.03. The stock has a market cap of $81.91 billion, a PE ratio of 24.18, a P/E/G ratio of 2.83 and a beta of 0.90. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.12.

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