American Tower Corporation $AMT Stock Position Lessened by Rockbridge Asset Management LLC

Rockbridge Asset Management LLC lessened its stake in shares of American Tower Corporation (NYSE:AMT) by 5.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 78,863 shares of the real estate investment trust’s stock after selling 4,147 shares during the period. American Tower accounts for about 8.3% of Rockbridge Asset Management LLC’s investment portfolio, making the stock its 5th biggest holding. Rockbridge Asset Management LLC’s holdings in American Tower were worth $12,900,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oakworth Capital Inc. boosted its stake in American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 68 shares during the period. Richards Merrill & Peterson Inc. purchased a new position in shares of American Tower in the 4th quarter valued at $25,000. Swiss RE Ltd. purchased a new position in shares of American Tower in the 4th quarter worth approximately $25,000. Triumph Capital Management purchased a new position in American Tower during the 3rd quarter worth $29,000. Finally, Acumen Wealth Advisors LLC acquired a new position in American Tower during the 4th quarter valued at approximately $29,000. Institutional investors own 92.69% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Jefferies Financial Group reduced their price target on American Tower from $210.00 to $201.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $260.00 target price on shares of American Tower in a research note 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. BMO Capital Markets increased their price target on shares of American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. Finally, Wolfe Research upgraded shares of 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. 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $215.14.

American Tower Stock Up 1.3%

Shares of NYSE:AMT opened at $174.54 on Thursday. American Tower Corporation has a 52-week low of $160.06 and a 52-week high of $214.79. The stock’s fifty day simple moving average is $171.75 and its 200-day simple moving average is $177.79. The company has a market capitalization of $81.33 billion, a P/E ratio of 24.01, a P/E/G ratio of 2.73 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 announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the company earned $2.60 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, equities research analysts forecast that American Tower Corporation will post 10.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other American Tower news, CFO Robert Joseph Meyer sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total transaction of $894,450.00. Following the completion of the transaction, the chief financial officer owned 21,428 shares in the company, valued at approximately $3,833,254.92. The trade was a 18.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ruth T. Dowling sold 1,106 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total transaction of $193,505.76. Following the completion of the sale, the executive vice president directly owned 27,711 shares of the company’s stock, valued at $4,848,316.56. The trade was a 3.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,791 shares of company stock worth $1,204,091 over the last quarter. 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.