12/5/2025, 12:00:00 AM | www.marketbeat.com | news

LGT Group Foundation Increases Position in American Tower Corporation (NYSE:AMT)

LGT Group Foundation increased its stake in American Tower Corporation (NYSE:AMT) by 15.3%, now holding 49,132 shares valued at approximately $10.69 million, as reported in its most recent Form 13F filing with the SEC. The fund purchased an additional 6,524 shares during the first quarter. Other major institutional investors also adjusted their positions, including Vanguard Group Inc. (+0.7%), Cohen & Steers Inc. (+21.8%), Capital Research Global Investors (+66.5%), Deutsche Bank AG (+4.0%), and Principal Financial Group Inc. (+3.7%). American Tower reported quarterly earnings of $2.60 per share, slightly beating estimates, with revenue of $2.63 billion and a 9.4% year-over-year decline. The company maintained a net margin of 12.60% and a return on equity of 24.85%. Analysts have revised price targets, with HSBC lowering its rating to 'hold' at $235.00, Bank of America initiating coverage with a 'buy' at $255.00, JMP Securities raising its target to $260.00, BMO Capital Markets maintaining 'outperform' at $245.00, and Wells Fargo lowering its target to $230.00. The CEO sold 720 shares at $208.33, reducing ownership by 2.98% and resulting in a post-sale value of $4.88 million. The company opened at $206.00 with a market cap of $96.46 billion, a P/E ratio of 74.91, and a dividend of $1.70 per quarter (yielding 3.3%). American Tower is a leading global REIT with over 224,000 communications sites and a significant U.S. data center footprint.