OMERS ADMINISTRATION Corp Increases Holdings in American Tower Corporation $AMT

OMERS ADMINISTRATION Corp increased its stake in American Tower Corporation (NYSE:AMT) by 716.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,998 shares of the real estate investment trust’s stock after acquiring an additional 155,327 shares during the period. OMERS ADMINISTRATION Corp’s holdings in American Tower were worth $28,952,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Oakworth Capital Inc. lifted its stake in shares of American Tower by 90.7% in the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 68 shares during the last quarter. Swiss RE Ltd. bought a new position in shares of American Tower during the 4th quarter valued at approximately $25,000. Allied Private Wealth LLC bought a new position in shares of American Tower during the 2nd quarter valued at approximately $29,000. Triumph Capital Management purchased a new stake in American Tower during the 3rd quarter valued at $29,000. Finally, Acumen Wealth Advisors LLC bought a new stake in American Tower in the fourth quarter worth $29,000. 92.69% of the stock is owned by institutional investors.

Insider Activity

In other American Tower 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Joseph Meyer sold 5,000 shares of the company’s stock in a transaction dated 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 $3,833,254.92. This represents a 18.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,791 shares of company stock worth $1,204,091 in the last ninety days. 0.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Citizens Jmp reaffirmed a “market outperform” rating and set a $260.00 price objective on shares of American Tower in a research note on Wednesday, April 29th. Mizuho set a $208.00 target price on shares of American Tower in a research note on Thursday. TD Cowen raised their target price 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. Weiss Ratings raised shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Finally, The Goldman Sachs Group set a $210.00 price target on shares of American Tower in a report on Tuesday, July 28th. 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’s stock. Based on data from MarketBeat.com, American Tower currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.29.

American Tower Stock Performance

Shares of American Tower stock opened at $176.36 on Monday. The stock’s fifty day moving average is $171.26 and its two-hundred day moving average is $177.78. The company has a market capitalization of $82.18 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 2.78 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 Corporation has a 52 week low of $160.06 and a 52 week high of $214.79.

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

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.