What Is the Market Sentiment on AMT?

American Tower stock is trading -31.05% below its average target price of $230.81 after dropping -2.3% 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 $205.0 to $271.0 per share.

The stock has a very low short interest at 1.2%, and a short ratio of 2.79. 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 92.8% of American Tower's shares being owned by this investor type.

Institutions Invested in American Tower

Date Reported Holder Percentage Shares Value
2023-06-30 Vanguard Group Inc 13% 60,733,641 $9,664,847,626
2023-06-30 Blackrock Inc. 8% 35,633,628 $5,670,557,196
2023-06-30 State Street Corporation 4% 20,401,179 $3,246,541,508
2023-06-30 Wellington Management Group, LLP 3% 12,292,118 $1,956,106,130
2023-06-30 Geode Capital Management, LLC 2% 9,985,648 $1,589,066,039
2023-06-30 Cohen & Steers Inc. 2% 9,842,980 $1,566,362,568
2023-06-30 Deutsche Bank Aktiengesellschaft 2% 7,289,593 $1,160,029,342
2023-06-30 Morgan Stanley 2% 7,011,927 $1,115,842,964
2023-06-30 Goldman Sachs Group Inc 1% 6,880,140 $1,094,871,041
2023-06-30 Akre Capital Management, LLC 1% 6,744,947 $1,073,357,103

Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on American Tower.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.