This morning we watched American Tower rise 1.1% to a price of $205.65 per share. The large-cap Specialty Real Estate Investment Trust company is now trading -15.09% below its average target price of $242.2. Analysts have set target prices ranging from $224.0 to $271.0 per share for American Tower, and have given the stock an average rating of buy.
The stock has a very low short interest at 0.8%, and a short ratio of 1.42. The company's insiders own 0.15% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 93.3% of American Tower's shares being owned by this investor type.
Institutions Invested in American Tower
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2022-12-31 | Vanguard Group, Inc. (The) | 13% | 61,431,926 | $12,633,168,684 |
| 2022-12-31 | Blackrock Inc. | 8% | 35,911,293 | $7,384,978,002 |
| 2022-12-31 | State Street Corporation | 5% | 21,317,178 | $4,383,771,160 |
| 2022-12-31 | Wellington Management Group, LLP | 3% | 13,238,663 | $2,722,464,909 |
| 2022-12-31 | Cohen & Steers Inc. | 2% | 10,017,130 | $2,059,972,741 |
| 2022-12-31 | Geode Capital Management, LLC | 2% | 9,601,881 | $1,974,578,859 |
| 2022-12-31 | FMR, LLC | 2% | 8,721,934 | $1,793,622,154 |
| 2022-12-31 | Morgan Stanley | 2% | 7,231,486 | $1,487,118,969 |
| 2022-12-31 | Deutsche Bank Aktiengesellschaft | 2% | 7,040,880 | $1,447,921,797 |
| 2022-12-31 | Akre Capital Management, LLC | 2% | 6,993,427 | $1,438,163,325 |
