After this afternoon's 2.9% surge to $210.91 per share, American Tower might just keep moving past its target price of $218.5. With an average analyst rating of buy, and target prices from $169.0 to $259.0, the stock's next move is anyone's guess.
American Tower's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.5%. The stock's short ratio is 2.71. The company's insiders own 0.16% 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 93.5%. In conclusion, we believe there is mixed market sentiment regarding American Tower.
Institutions Invested in American Tower
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 13% | 60,930,583 | $12,850,869,483 |
| 2023-09-30 | Blackrock Inc. | 8% | 35,778,049 | $7,545,948,445 |
| 2023-09-30 | State Street Corporation | 4% | 19,947,590 | $4,207,146,279 |
| 2023-09-30 | Cohen & Steers Inc. | 3% | 15,856,823 | $3,344,362,596 |
| 2023-09-30 | Wellington Management Group, LLP | 3% | 12,984,052 | $2,738,466,454 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 10,227,121 | $2,157,002,127 |
| 2023-09-30 | Morgan Stanley | 2% | 7,269,957 | $1,533,306,657 |
| 2023-09-30 | Goldman Sachs Group Inc | 2% | 7,246,125 | $1,528,280,250 |
| 2023-09-30 | Akre Capital Management, LLC | 1% | 6,768,224 | $1,427,486,148 |
| 2023-09-30 | Principal Financial Group, Inc. | 1% | 6,629,193 | $1,398,163,119 |
