Decoding the Momentum Driving American Tower Stock.

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
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.