American Tower Corporation $AMT Shares Bought by Harber Asset Management LLC

Harber Asset Management LLC increased its stake in American Tower Corporation (NYSE:AMT) by 16.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,226 shares of the real estate investment trust’s stock after acquiring an additional 5,050 shares during the quarter. American Tower accounts for approximately 3.5% of Harber Asset Management LLC’s portfolio, making the stock its 8th largest position. Harber Asset Management LLC’s holdings in American Tower were worth $5,762,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMT. Raleigh Capital Management Inc. raised its holdings in shares of American Tower by 489.1% during the first quarter. Raleigh Capital Management Inc. now owns 13,703 shares of the real estate investment trust’s stock valued at $2,365,000 after purchasing an additional 11,377 shares during the period. Canal Capital Management LLC increased its position in American Tower by 81.9% in the 1st quarter. Canal Capital Management LLC now owns 34,471 shares of the real estate investment trust’s stock valued at $5,949,000 after buying an additional 15,520 shares in the last quarter. Bernzott Capital Advisors boosted its holdings in American Tower by 29.3% in the first quarter. Bernzott Capital Advisors now owns 42,161 shares of the real estate investment trust’s stock worth $7,276,000 after acquiring an additional 9,556 shares in the last quarter. Legal & General Group Plc boosted its holdings in American Tower by 4.7% in the fourth quarter. Legal & General Group Plc now owns 4,873,695 shares of the real estate investment trust’s stock worth $855,675,000 after acquiring an additional 220,447 shares in the last quarter. Finally, Swiss Life Asset Management Ltd grew its stake in American Tower by 13.9% in the fourth quarter. Swiss Life Asset Management Ltd now owns 101,993 shares of the real estate investment trust’s stock valued at $17,907,000 after acquiring an additional 12,464 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. The Goldman Sachs Group set a $210.00 price objective on American Tower in a report on Tuesday, July 28th. Jefferies Financial Group decreased their price target on shares of American Tower from $210.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. TD Cowen upped their price objective on shares of American Tower from $225.00 to $227.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Wolfe Research raised shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price objective on the stock in a research note on Wednesday, July 8th. Finally, Truist Financial reiterated a “buy” rating and set a $207.00 price objective (down from $208.00) on shares of American Tower in a report on Wednesday, August 12th. One investment 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. According to data from MarketBeat.com, American Tower currently has an average rating of “Moderate Buy” and an average price target of $215.29.

American Tower Stock Up 0.4%

Shares of NYSE:AMT opened at $176.36 on Friday. The business’s 50 day moving average is $171.26 and its 200 day moving average is $177.76. American Tower Corporation has a 12-month low of $160.06 and a 12-month high of $214.79. The stock has a market cap of $82.18 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 2.79 and a beta of 0.90. 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 (NYSE:AMT) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating the consensus estimate of $1.57 by $1.14. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The business’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the business earned $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, sell-side analysts forecast that American Tower Corporation will post 10.78 earnings per share for the current fiscal year.

Insider Transactions at American Tower

In related news, EVP Ruth T. Dowling sold 1,106 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total transaction of $193,505.76. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Joseph Meyer sold 5,000 shares of the stock in a transaction dated 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 sale, the chief financial officer owned 21,428 shares of the company’s stock, valued at approximately $3,833,254.92. This trade represents a 18.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,791 shares of company stock worth $1,204,091 over the last three months. 0.08% of the stock is owned by 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.