Sanctuary Advisors LLC Reduces Position in American Tower Corporation $AMT

Sanctuary Advisors LLC decreased its holdings in American Tower Corporation (NYSE:AMT) by 5.2% in the second quarter, Holdings Channel reports. The fund owned 57,761 shares of the real estate investment trust’s stock after selling 3,171 shares during the period. Sanctuary Advisors LLC’s holdings in American Tower were worth $9,448,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Riverwater Partners LLC boosted its holdings in shares of American Tower by 3.8% during the 4th quarter. Riverwater Partners LLC now owns 1,536 shares of the real estate investment trust’s stock worth $270,000 after purchasing an additional 56 shares during the last quarter. Triumph Capital Management increased its holdings in shares of American Tower by 37.3% in the fourth quarter. Triumph Capital Management now owns 206 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 56 shares during the last quarter. Twin City Private Wealth LLC lifted its position in American Tower by 0.7% during the fourth quarter. Twin City Private Wealth LLC now owns 7,799 shares of the real estate investment trust’s stock worth $1,382,000 after buying an additional 58 shares in the last quarter. Asset Advisory Group Inc. lifted its position in American Tower by 3.0% during the first quarter. Asset Advisory Group Inc. now owns 2,072 shares of the real estate investment trust’s stock worth $358,000 after buying an additional 60 shares in the last quarter. Finally, Argent Advisors Inc. boosted its stake in American Tower by 0.9% during the fourth quarter. Argent Advisors Inc. now owns 6,625 shares of the real estate investment trust’s stock worth $1,163,000 after buying an additional 61 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMT has been the subject of a number of recent research reports. Mizuho set a $208.00 target price on American Tower in a research note on Thursday. Sanford C. Bernstein reissued an “outperform” rating and issued a $214.00 price objective on shares of American Tower in a report on Wednesday, July 29th. Raymond James Financial restated a “strong-buy” rating and set a $240.00 price objective on shares of American Tower in a research report on Wednesday, April 29th. Royal Bank Of Canada upgraded shares of American Tower from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $195.00 to $205.00 in a report on Friday, June 26th. Finally, TD Cowen increased their price target on shares of American Tower from $225.00 to $227.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. One equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.29.

American Tower Trading Up 1.5%

NYSE AMT opened at $178.38 on Tuesday. The firm’s 50-day moving average is $171.11 and its two-hundred day moving average is $177.82. American Tower Corporation has a 12 month low of $160.06 and a 12 month high of $211.91. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a market capitalization of $83.12 billion, a P/E ratio of 24.54, a PEG ratio of 2.78 and a beta of 0.90.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share 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 company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the firm posted $2.60 earnings per share. American Tower’s 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. On average, sell-side analysts anticipate that American Tower Corporation will post 10.8 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Robert Joseph Meyer sold 5,000 shares of the firm’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 directly owned 21,428 shares in the company, valued at $3,833,254.92. This trade represents a 18.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ruth T. Dowling sold 1,106 shares of American Tower stock in a transaction on 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 of the company’s stock, valued at $4,848,316.56. The trade was a 3.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 valued at $1,204,091 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

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.