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.
