American Tower stock is trading -17.49% below its average target price of $223.59 after dropping -1.0% during today's morning session. Analysts are giving the Large-Cap Specialty Real Estate Investment Trust company an average rating of buy and target prices ranging from $196.0 to $248.0 per share.
American Tower's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.2%. The stock's short ratio is 1.74. 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 95.6%. In conclusion, we believe there is mixed 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 | $11,258,523,801 |
| 2023-12-31 | Blackrock Inc. | 8% | 36,770,832 | $6,783,850,997 |
| 2023-12-31 | State Street Corporation | 4% | 20,846,001 | $3,845,878,839 |
| 2023-12-31 | Cohen & Steers Inc. | 4% | 16,440,715 | $3,033,147,600 |
| 2023-12-31 | Wellington Management Group, LLP | 3% | 15,823,622 | $2,919,300,109 |
| 2023-12-31 | Geode Capital Management, LLC | 2% | 10,430,608 | $1,924,342,927 |
| 2024-03-31 | Principal Financial Group, Inc. | 2% | 8,794,776 | $1,622,548,272 |
| 2023-12-31 | Morgan Stanley | 2% | 7,356,254 | $1,357,155,340 |
| 2023-12-31 | Deutsche Bank Aktiengesellschaft | 2% | 7,246,092 | $1,336,831,552 |
| 2023-12-31 | Goldman Sachs Group Inc | 2% | 7,255,573 | $1,338,580,702 |
