American Tower Corporation $AMT Stake Boosted by Harber Asset Management LLC

Harber Asset Management LLC increased its stake in shares of American Tower Corporation (NYSE:AMT) by 16.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,226 shares of the real estate investment trust’s stock after buying an additional 5,050 shares during the period. American Tower comprises about 3.5% of Harber Asset Management LLC’s holdings, making the stock its 8th biggest position. Harber Asset Management LLC’s holdings in American Tower were worth $5,762,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in AMT. Brighton Jones LLC increased its position in American Tower by 113.0% in the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after buying an additional 2,104 shares during the last quarter. Sivia Capital Partners LLC lifted its position in shares of American Tower by 34.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock valued at $319,000 after buying an additional 368 shares during the last quarter. United Bank grew its stake in shares of American Tower by 12.7% during the 2nd quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock worth $1,434,000 after acquiring an additional 733 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of American Tower by 2.2% during the 2nd quarter. Treasurer of the State of North Carolina now owns 218,511 shares of the real estate investment trust’s stock worth $48,295,000 after acquiring an additional 4,778 shares during the period. Finally, Ieq Capital LLC increased its holdings in American Tower by 52.2% in the 2nd quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust’s stock worth $7,570,000 after acquiring an additional 11,751 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

AMT has been the topic of several recent research reports. The Goldman Sachs Group set a $210.00 price objective on shares of American Tower in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Citizens Jmp reissued a “market outperform” rating and issued a $260.00 price target 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 upped their price target for the company from $195.00 to $205.00 in a research note on Friday, June 26th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of American Tower in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, American Tower has an average rating of “Moderate Buy” and a consensus price target of $215.29.

American Tower Stock Up 0.4%

Shares of NYSE AMT opened at $176.36 on Friday. American Tower Corporation has a 52 week low of $160.06 and a 52 week high of $214.79. The business has a 50-day simple moving average of $171.26 and a two-hundred day simple moving average of $177.76. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12. The company has a market cap of $82.18 billion, a P/E ratio of 24.26, a P/E/G ratio of 2.79 and a beta of 0.90.

American Tower (NYSE:AMT) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating the consensus estimate of $1.57 by $1.14. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the business posted $2.60 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Research analysts anticipate 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, EVP Ruth T. Dowling sold 1,106 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 27,711 shares in the company, valued at $4,848,316.56. This represents a 3.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 firm’s stock in a transaction on Wednesday, July 29th. The shares were 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 of the company’s stock, valued at approximately $3,833,254.92. The trade was a 18.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have 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.

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.