Susquehanna Fundamental Investments LLC Purchases New Shares in American Tower Corporation $AMT

Susquehanna Fundamental Investments LLC acquired a new position in American Tower Corporation (NYSE:AMT) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 18,678 shares of the real estate investment trust’s stock, valued at approximately $3,055,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMT. Swiss RE Ltd. acquired a new position in shares of American Tower in the fourth quarter worth about $25,000. Triumph Capital Management purchased a new stake in American Tower during the 3rd quarter worth approximately $29,000. Acumen Wealth Advisors LLC purchased a new stake in American Tower during the 4th quarter worth approximately $29,000. Lloyd Advisory Services LLC. acquired a new position in shares of American Tower in the 4th quarter valued at approximately $30,000. Finally, Allied Private Wealth LLC purchased a new position in shares of American Tower during the 2nd quarter valued at approximately $29,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

American Tower Stock Down 0.2%

Shares of American Tower stock opened at $175.94 on Tuesday. The stock has a market capitalization of $81.98 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 2.79 and a beta of 0.90. American Tower Corporation has a twelve month low of $160.06 and a twelve month high of $205.21. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.12. The business’s 50 day simple moving average is $170.86 and its 200-day simple moving average is $177.88.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $1.14. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the firm posted $2.60 EPS. The business’s revenue for the quarter 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. Equities research analysts forecast that American Tower Corporation will post 10.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AMT shares. BMO Capital Markets lifted 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 note on Wednesday, July 29th. TD Cowen raised their price objective 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. Truist Financial reissued a “buy” rating and issued a $207.00 target price (down from $208.00) on shares of American Tower in a research report on Wednesday, August 12th. Royal Bank Of Canada upgraded shares of American Tower from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $195.00 to $205.00 in a research note on Friday, June 26th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $214.00 price target on shares of American Tower in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.29.

Insider Activity

In other news, Director Rajesh Kalathur acquired 2,829 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average cost 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 $1,374,405. This trade represents a 57.31% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert Joseph Meyer sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $178.89, for a total transaction of $894,450.00. Following the transaction, the chief financial officer directly owned 21,428 shares of the company’s stock, valued at $3,833,254.92. The trade was a 18.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 6,791 shares of company stock valued at $1,204,091. 0.08% of the stock is currently owned by company insiders.

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.