Canada Pension Plan Investment Board Has $291.37 Million Holdings in American Tower Corporation $AMT

Canada Pension Plan Investment Board decreased its position in American Tower Corporation (NYSE:AMT) by 25.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,781,306 shares of the real estate investment trust’s stock after selling 605,299 shares during the quarter. Canada Pension Plan Investment Board owned about 0.38% of American Tower worth $291,368,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AMT. Legal & General Group Plc lifted its holdings in American Tower by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 4,853,850 shares of the real estate investment trust’s stock worth $793,944,000 after purchasing an additional 27,929 shares during the last quarter. Sone Capital Management LLC increased its position in American Tower by 373.9% during the 2nd quarter. Sone Capital Management LLC now owns 198,247 shares of the real estate investment trust’s stock worth $32,427,000 after buying an additional 156,412 shares during the period. Park Place Capital Corp lifted its holdings in shares of American Tower by 3.1% during the second quarter. Park Place Capital Corp now owns 14,278 shares of the real estate investment trust’s stock worth $2,336,000 after buying an additional 433 shares in the last quarter. Fiduciary Financial Advisors bought a new stake in shares of American Tower in the second quarter valued at about $175,000. Finally, L2 Asset Management LLC grew its stake in shares of American Tower by 5.5% in the second quarter. L2 Asset Management LLC now owns 2,661 shares of the real estate investment trust’s stock valued at $435,000 after acquiring an additional 138 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Insider Buying and Selling at American Tower

In other American Tower news, Director Rajesh Kalathur purchased 2,829 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were bought at an average price 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert Joseph Meyer sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the sale, the chief financial officer owned 21,428 shares of the company’s stock, valued at approximately $3,833,254.92. This represents a 18.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 6,791 shares of company stock worth $1,204,091 over the last three months. Corporate insiders own 0.08% of the company’s stock.

American Tower Trading Up 0.2%

Shares of American Tower stock opened at $178.66 on Wednesday. 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 $209.10. The company has a market capitalization of $83.25 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 2.82 and a beta of 0.90. The firm’s 50-day moving average price is $171.00 and its two-hundred day moving average price is $177.83.

American Tower (NYSE:AMT) last issued 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 company had revenue of $2.75 billion during 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 business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, analysts forecast that American Tower Corporation will post 10.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on AMT shares. Scotiabank reiterated an “outperform” rating on shares of American Tower in a research note on Wednesday, July 29th. Jefferies Financial Group dropped 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 report on Wednesday, July 15th. Wolfe Research upgraded American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price target for the company in a research note on Wednesday, July 8th. Citizens Jmp reissued a “market outperform” rating and set a $260.00 price target on shares of American Tower in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lowered their price objective 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.29.

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.