American Tower stock is trading -23.08% below its average target price of $232.71 after dropping -3.6% during today's afternoon session. Analysts are giving the large-cap Specialty Real Estate Investment Trust company an average rating of buy and target prices ranging from $211.0 to $271.0 per share.
American Tower's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.1%. The stock's short ratio is 1.76. The company's insiders own 0.15% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 92.8%. In conclusion, we believe there is positive market sentiment regarding American Tower.
Institutions Invested in American Tower
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 13% | 60,733,641 | $10,871,017,774 |
| 2023-06-30 | Blackrock Inc. | 8% | 35,633,628 | $6,378,241,069 |
| 2023-06-30 | State Street Corporation | 4% | 20,401,179 | $3,651,708,935 |
| 2023-06-30 | Wellington Management Group, LLP | 3% | 12,292,118 | $2,200,227,601 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 9,985,648 | $1,787,381,015 |
| 2023-06-30 | Cohen & Steers Inc. | 2% | 9,842,980 | $1,761,844,157 |
| 2023-06-30 | Deutsche Bank Aktiengesellschaft | 2% | 7,289,593 | $1,304,800,663 |
| 2023-06-30 | Morgan Stanley | 2% | 7,011,927 | $1,255,099,839 |
| 2023-06-30 | Goldman Sachs Group Inc | 1% | 6,880,140 | $1,231,510,625 |
| 2023-06-30 | Akre Capital Management, LLC | 1% | 6,744,947 | $1,207,311,755 |
