Hsbc Holdings PLC Increases Position in American Tower Corporation $AMT

Hsbc Holdings PLC grew its position in American Tower Corporation (NYSE:AMT) by 13.9% during the second quarter, Holdings Channel reports. The firm owned 1,821,488 shares of the real estate investment trust’s stock after acquiring an additional 222,411 shares during the period. Hsbc Holdings PLC’s holdings in American Tower were worth $298,797,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Raleigh Capital Management Inc. lifted its holdings in shares of American Tower by 489.1% in the 1st quarter. Raleigh Capital Management Inc. now owns 13,703 shares of the real estate investment trust’s stock valued at $2,365,000 after buying an additional 11,377 shares during the period. Canal Capital Management LLC grew its holdings in American Tower by 81.9% during the first quarter. Canal Capital Management LLC now owns 34,471 shares of the real estate investment trust’s stock worth $5,949,000 after acquiring an additional 15,520 shares during the period. Bernzott Capital Advisors raised its position in American Tower by 29.3% during the first quarter. Bernzott Capital Advisors now owns 42,161 shares of the real estate investment trust’s stock valued at $7,276,000 after acquiring an additional 9,556 shares in the last quarter. Legal & General Group Plc boosted its position in American Tower by 4.7% in the 4th quarter. Legal & General Group Plc now owns 4,873,695 shares of the real estate investment trust’s stock worth $855,675,000 after purchasing an additional 220,447 shares in the last quarter. Finally, BIP Wealth LLC acquired a new stake in shares of American Tower during the 2nd quarter worth approximately $1,004,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Stock Up 0.2%

AMT stock opened at $178.66 on Wednesday. American Tower Corporation has a 52 week low of $160.06 and a 52 week high of $209.10. 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 firm has a 50-day simple moving average of $171.00 and a 200-day simple moving average of $177.83. The stock has a market capitalization of $83.25 billion, a P/E ratio of 24.58, a P/E/G ratio of 2.82 and a beta of 0.90.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the firm posted $2.60 EPS. 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. Equities analysts forecast that American Tower Corporation will post 10.8 earnings per share for the current fiscal year.

Insider Buying and Selling at American Tower

In related news, Director Rajesh Kalathur acquired 2,829 shares of American Tower stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average price of $177.00 per share, for a total transaction of $500,733.00. Following the completion of the transaction, the director owned 7,765 shares in the company, valued at $1,374,405. This represents a 57.31% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert Joseph Meyer sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following 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 position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 6,791 shares of company stock worth $1,204,091. Insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

AMT has been the subject of several analyst reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $240.00 target price on shares of American Tower in a research note on Wednesday, April 29th. Mizuho set a $208.00 price objective on shares of American Tower in a report on Thursday, August 20th. Truist Financial reissued a “buy” rating and set a $207.00 target price (down from $208.00) on shares of American Tower in a research note on Wednesday, August 12th. Sanford C. Bernstein restated an “outperform” rating and set a $214.00 target price on shares of American Tower in a research report on Wednesday, July 29th. 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 issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $215.29.

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.