Trillium Asset Management LLC Has $8.75 Million Holdings in American Tower Corporation $AMT

Trillium Asset Management LLC cut its holdings in shares of American Tower Corporation (NYSE:AMT) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,510 shares of the real estate investment trust’s stock after selling 2,878 shares during the period. Trillium Asset Management LLC’s holdings in American Tower were worth $8,753,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. increased its holdings in shares of American Tower by 90.7% in the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 68 shares in the last quarter. Swiss RE Ltd. bought a new position in shares of American Tower during the 4th quarter valued at about $25,000. Allied Private Wealth LLC acquired a new position in shares of American Tower in the 2nd quarter valued at approximately $29,000. Triumph Capital Management acquired a new position in shares of American Tower in the 3rd quarter valued at approximately $29,000. Finally, Acumen Wealth Advisors LLC bought a new stake in American Tower during the 4th quarter worth approximately $29,000. 92.69% of the stock is owned by institutional investors and hedge funds.

American Tower Price Performance

NYSE AMT opened at $175.99 on Friday. 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 12-month low of $160.06 and a 12-month high of $214.79. The company has a market capitalization of $82.00 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 2.77 and a beta of 0.90. The firm’s 50 day moving average is $171.48 and its 200-day moving average is $177.77.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the company posted $2.60 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Equities research analysts anticipate that American Tower Corporation will post 10.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMT has been the topic of several research analyst reports. Royal Bank Of Canada upgraded shares of American Tower from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $195.00 to $205.00 in a report on Friday, June 26th. Scotiabank reiterated an “outperform” rating on shares of American Tower in a report on Wednesday, July 29th. Citizens Jmp reissued a “market outperform” rating and set a $260.00 price objective on shares of American Tower in a research report on Wednesday, April 29th. The Goldman Sachs Group set a $210.00 price objective on shares of American Tower in a report on Tuesday, July 28th. Finally, TD Cowen boosted their price objective on shares of American Tower from $225.00 to $227.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, American Tower has a consensus rating of “Moderate Buy” and an average price target of $215.29.

Insider Buying and Selling at American Tower

In other news, CFO Robert Joseph Meyer sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the completion of the transaction, the chief financial officer owned 21,428 shares in the company, valued at $3,833,254.92. This trade represents a 18.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ruth T. Dowling sold 1,106 shares of American Tower stock in a transaction dated 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 sale, the executive vice president directly owned 27,711 shares in the company, valued at approximately $4,848,316.56. This represents a 3.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,791 shares of company stock worth $1,204,091 over the last quarter. Company insiders own 0.08% of the company’s stock.

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.