Royal London Asset Management Ltd. Sells 27,180 Shares of American Tower Corporation $AMT

Royal London Asset Management Ltd. lowered its position in shares of American Tower Corporation (NYSE:AMT) by 11.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 207,710 shares of the real estate investment trust’s stock after selling 27,180 shares during the quarter. Royal London Asset Management Ltd.’s holdings in American Tower were worth $33,975,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMT. Riverwater Partners LLC increased its position in American Tower by 3.8% during the fourth quarter. Riverwater Partners LLC now owns 1,536 shares of the real estate investment trust’s stock worth $270,000 after acquiring an additional 56 shares during the period. Triumph Capital Management boosted its holdings in American Tower by 37.3% in the 4th 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 period. Twin City Private Wealth LLC boosted its holdings in American Tower by 0.7% in the 4th quarter. Twin City Private Wealth LLC now owns 7,799 shares of the real estate investment trust’s stock valued at $1,382,000 after purchasing an additional 58 shares during the period. Asset Advisory Group Inc. boosted its stake in shares of American Tower by 3.0% in the first quarter. Asset Advisory Group Inc. now owns 2,072 shares of the real estate investment trust’s stock valued at $358,000 after buying an additional 60 shares during the period. Finally, Argent Advisors Inc. grew its position 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 in the last quarter. Institutional investors own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Weiss Ratings raised American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. Wolfe Research raised American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 target price on the stock in a report on Wednesday, July 8th. Mizuho set a $208.00 price target on American Tower in a research note on Thursday, August 20th. The Goldman Sachs Group set a $210.00 price objective on shares of American Tower in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada raised shares of American Tower from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $195.00 to $205.00 in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.29.

Insider Activity

In other American Tower news, Director Rajesh Kalathur bought 2,829 shares of the business’s stock in a transaction that occurred on 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 transaction, the director directly owned 7,765 shares in the company, valued at approximately $1,374,405. This trade represents a 57.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ruth T. Dowling sold 1,106 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total value of $193,505.76. Following the sale, the executive vice president directly owned 27,711 shares of the company’s stock, valued at $4,848,316.56. This represents a 3.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,791 shares of company stock valued at $1,204,091 in the last ninety days. 0.08% of the stock is owned by company insiders.

American Tower Stock Up 1.2%

Shares of NYSE AMT opened at $176.25 on Friday. American Tower Corporation has a 52-week low of $160.06 and a 52-week high of $205.21. The company’s 50 day moving average price is $170.87 and its 200-day moving average price is $177.87. The company has a market capitalization of $82.13 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 2.79 and a beta of 0.90. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52.

American Tower (NYSE:AMT) last released its earnings results 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 business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the business earned $2.60 earnings per share. American Tower’s revenue for the quarter was up 4.6% on a year-over-year basis. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Equities analysts forecast that American Tower Corporation will post 10.8 earnings per share for the current year.

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.