Two Sigma Securities LLC Buys New Shares in American Tower Corporation $AMT

Two Sigma Securities LLC bought a new position in shares of American Tower Corporation (NYSE:AMT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,468 shares of the real estate investment trust’s stock, valued at approximately $2,367,000.

Several other institutional investors also recently modified their holdings of AMT. Benjamin Edwards Inc. lifted its position in shares of American Tower by 9.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 23,783 shares of the real estate investment trust’s stock valued at $3,890,000 after acquiring an additional 2,149 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of American Tower by 172.7% in the 2nd quarter. Alyeska Investment Group L.P. now owns 828,424 shares of the real estate investment trust’s stock worth $135,505,000 after acquiring an additional 524,590 shares during the last quarter. Flputnam Investment Management Co. grew its holdings in shares of American Tower by 7.5% in the 2nd quarter. Flputnam Investment Management Co. now owns 2,259 shares of the real estate investment trust’s stock worth $369,000 after acquiring an additional 158 shares during the last quarter. Wedbush Securities Inc. raised its position in shares of American Tower by 10.3% during the second quarter. Wedbush Securities Inc. now owns 11,596 shares of the real estate investment trust’s stock worth $1,897,000 after purchasing an additional 1,080 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of American Tower by 4.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,526,261 shares of the real estate investment trust’s stock worth $740,361,000 after purchasing an additional 186,767 shares during the period. Institutional investors own 92.69% of the company’s stock.

American Tower Trading Up 0.0%

Shares of NYSE AMT opened at $176.25 on Monday. 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 Corporation has a one year low of $160.06 and a one year high of $205.21. The business has a 50-day moving average price of $170.87 and a two-hundred day moving average price of $177.90. The firm has a market capitalization of $82.13 billion, a PE ratio of 24.24, a PEG ratio of 2.79 and a beta of 0.90.

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

Insider Activity at American Tower

In other American Tower 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 transaction, the executive vice president owned 27,711 shares in the company, valued at approximately $4,848,316.56. This represents a 3.84% decrease in their ownership of the stock. 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 three months, insiders have sold 6,791 shares of company stock valued at $1,204,091. Corporate insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Truist Financial reiterated a “buy” rating and issued a $207.00 price target (down from $208.00) on shares of American Tower in a research report on Wednesday, August 12th. The Goldman Sachs Group set a $210.00 price objective on American Tower in a report on Tuesday, July 28th. BMO Capital Markets upped their price objective on shares of American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. Scotiabank reissued an “outperform” rating on shares of American Tower in a research report on Wednesday, July 29th. Finally, TD Cowen boosted their price target on shares of American Tower from $225.00 to $227.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $215.29.

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.