This morning we watched American Tower rise 1.1% to a price of $173.51 per share. The Large-Cap Specialty Real Estate Investment Trust company is now trading -23.9% below its average target price of $228.0. Analysts have set target prices ranging from $196.0 to $245.0 per share for American Tower, and have given the stock an average rating of buy.
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 1.85. The company's insiders own 0.14% 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 94.7%. In conclusion, we believe there is positive market sentiment regarding American Tower.
Institutions Invested in American Tower
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Vanguard Group Inc | 13% | 61,025,115 | $10,588,467,368 |
| 2023-12-31 | Blackrock Inc. | 8% | 36,770,832 | $6,380,106,858 |
| 2023-12-31 | State Street Corporation | 4% | 20,846,001 | $3,616,989,518 |
| 2023-12-31 | Cohen & Steers Inc. | 4% | 16,440,715 | $2,852,628,369 |
| 2023-12-31 | Wellington Management Group, LLP | 3% | 15,823,622 | $2,745,556,566 |
| 2023-12-31 | Geode Capital Management, LLC | 2% | 10,430,608 | $1,809,814,736 |
| 2023-12-31 | Morgan Stanley | 2% | 7,356,254 | $1,276,383,591 |
| 2023-12-31 | Deutsche Bank Aktiengesellschaft | 2% | 7,246,092 | $1,257,269,383 |
| 2023-12-31 | Goldman Sachs Group Inc | 2% | 7,255,573 | $1,258,914,431 |
| 2023-12-31 | FMR, LLC | 2% | 7,170,373 | $1,244,131,379 |
